Price trend
According to the commodity price analysis system of SunSirs, as of January 16th, the average quoted price of premium-grade DMF in China was 3,860 RMB/ton. As of January 16, the DMF market was operating steadily, with downstream buyers mainly purchasing based on immediate needs. Overall market demand was insufficient, lacking positive supporting factors.
Market Analysis
Market aspects: Capacity expansion: DMF production capacity increased from 910,000 tons/year to 1.77 million tons/year, leading to oversupply and downward pressure on prices. Plant maintenance: Some manufacturers reduced production due to environmental policies or equipment problems, resulting in temporary supply shortages.
Methanol: Demand was recovering: The increase in quotations at East China ports reflected a rebound in downstream demand, while the upstream methanol market remains relatively stable. Shandong region: Dongying negotiated price was 2,120-2,125 RMB/ton, Zibo 2,130 RMB/ton, Jinning/Linyi: ex-factory price 2,160 RMB/ton, Linyi delivered price 2,200-2,210 RMB/ton.
Market outlook
According to SunSirs’ DMF analyst, DMF prices are expected to remain stable in the short term, lacking sufficient upward momentum.
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