Price trend:

According to the SunSirs' commodity market analysis system, as of November 27, the average price of premium DMF quoted by domestic insufficient demand, the upside potential for DMF prices was limited. High inventory and low demand in the upstream methanol market further suppress the upward momentum of DMF prices.

Market Analysis

Market Overview:

In November, overall DMF market demand was weak, with overall market negotiations focusing on lower levels. The DMF market was mainly operating with a narrow and weak trend. As of November 27, the DMF market was clearly oversupplied, and there was insufficient momentum for price increases. In Shandong, the delivered price for bulk goods was 3,780-3,900 RMB/ton, the spot price in South China was 3,950-4,050 RMB/ton, and the price of premium grade DMF in Nantong, Jiangsu was 4,120-4,350 RMB/ton.

Supply and demand:

Due to overcapacity and insufficient demand, the upside potential for DMF prices was limited. High inventory and low demand in the upstream methanol market further suppressed the upward momentum of DMF prices.

Market Forecast:

According to analysts at SunSirs, DMF prices are expected to remain stable, but cost support is insufficient and downstream demand for stockpiling is weak.

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