Price trend:

According to the SunSirs' commodity market analysis system, as of November 12, the average price of premium DMF quoted by domestic DMF enterprises was 4,000 RMB/ton. As of November 12, the DMF market was mainly weak, with insufficient upward momentum. The market supply was sufficient, and downstream demand was mainly driven by immediate needs. The number of new customers was limited, and contract customers were the main customers.

Market Analysis

Market Overview: As of November 12, the DMF market was facing an oversupply situation. Since November, DMF prices have been fluctuating within a narrow range. Demand recovery was slow, with prices remaining around 4,000 RMB/ton. Overall market demand was weak, while production capacity continued to be released, and manufacturers generally reduced production to alleviate pressure.

Supply and demand: Upstream methanol prices continued to decline and mainly fluctuate within a narrow range. Methanol production capacity continued to expand, port inventories were piling up, downstream demand was insufficient, consumption was slow, and there was a risk of declining operating rates. As of November 12, the overall market sentiment was weak, and there was insufficient momentum for price increases.

Market outlook

According to analysts at SunSirs, the DMF market is expected to remain largely stable with minor fluctuations in the short term, and market prices are unlikely to rise significantly..

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