Price trend:

According to the commodity price analysis system of SunSirs, as of December 30th, the average quoted price for premium-grade DMF in China was 3,820 RMB/ton. As of December 30, the supply of DMF was sufficient, and downstream buyers were mainly making purchases based on immediate needs. Overall market demand was weak, lacking positive supporting factors.

Market Analysis

Market overview: As of December 30, the DMF market was mainly operating weakly, with sluggish downstream demand and low industry confidence. The overall supply of DMF was ample, leading to a loose supply situation and high inventory levels. Inventory consumption was slow, limiting the potential for price increases.

Regarding methanol: The upstream methanol market remained stable, with manufacturers maintaining steady shipments and meeting basic demand. Market negotiations remained stable. Methanol prices in East China fluctuated, and market participants were cautious in their operations. High inventory levels continued to put pressure on prices. The methanol market in Shanxi province also fluctuated, with all auctions successfully completed and a generally positive trading atmosphere.

Market Outlook

According to SunSirs' DMF analyst, DMF prices are expected to remain stable in the short term.  High inventory levels and a significant oversupply situation are evident, leading to slow inventory depletion.

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