Price trend:

According to the commodity price analysis system of SunSirs, as of December 17th, the average quoted price of premium-grade DMF in China was 3,820 RMB/ton. As of December 17th, the supply of DMF was sufficient, and downstream buyers were mainly purchasing based on immediate needs, with demand remaining weak and unlikely to improve.

Market Analysis

Market situation: As of December 17th, the DMF market was mainly operating weakly, lacking positive market factors, and industry confidence was low. Overall DMF supply was abundant, inventory levels remained high, and inventory consumption was slow, limiting the potential for price increases.

Regarding methanol: The upstream methanol market showed a stable to slightly stronger trend. Manufacturers maintained steady shipments, meeting basic demand. Market negotiations remained stable, and methanol prices in East China fluctuated. Market participants were cautious in their operations, and high inventory levels continued to put pressure on prices. The methanol market in Shanxi province also fluctuated, with all auctioned quantities being sold, and the negotiation atmosphere was relatively positive.

Market Outlook

According to SunSirs' DMF analyst, DMF prices are expected to remain stable in the short term. High inventory levels are suppressing price increases, and the supply-demand imbalance is evident, leading to slow inventory depletion.

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