Price trend:

According to the commodity market analysis system of SunSirs, as of November 22, the average price of high-grade DMF quoted by domestic high-grade DMF enterprises was 4,000 RMB/ton. As of November 21t, the DMF market has overcapacity and insufficient downstream demand. The overall market price is mainly stable and weak. The upstream cost side is not supported enough, and the room for price increase is limited.

Market Analysis

Market conditions: Currently, demand in the DMF market was weak, with insufficient support from upstream costs and insufficient demand from downstream polyurethane and textile industries, resulting in slow shipments. Overall market inventory was running at a high level, industry demand is insufficient, and exports are declining.

Supply and demand: In November, the upstream methanol market was characterized by high inventory and high supply, declining demand and falling prices. The continued high supply level led to a significant oversupply situation, making it difficult for prices to rise.

Market Forecast:

According to analysts at SunSirs, DMF prices lack upward momentum and are expected to maintain their stable trend in the short term, with prices remaining stable.

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