SunSirs: DMF Market Price Was Weakly Downward (January 1-6)
January 09 2023 14:03:30 SunSirs (John)
Price trend
According to the data monitored by SunSirs, as of January 6, the average price of premium DMF offered by domestic enterprises was 5,600.00 RMB/ton, 8.94% lower than that of the same period of last week, a drop of about 500 RMB/ton, and DMF will remain weak in the short term.
Analysis review
The price of DMF in China declined in a weak way. On the 6th, the mainstream price range was 5600.00 RMB/ton. The overall DMF market price fell 8.94%. The operating rate was stable, the shipment was slow, and the logistics was slow due to public reasons. The manufacturer gave up profits to take orders. The latest DMF quotation of the manufacturer: Jiangsu Raine Environmental Protection Technology Co., Ltd. 6,200 RMB/ton, Jinan Mingyu Chemical Co., Ltd. 6,000 RMB/ton, Shandong Yushu Chemical Co., Ltd. 5,400 RMB/ton, Jinan Qichen Chemical Co., Ltd. 5,300 RMB/ton, Jinan Top 100 Chemical Co., Ltd. 5,300 RMB/ton, and Liaocheng Yuanze Chemical Products Co., Ltd. 5,350 RMB/ton.
Chemical commodity index: On January 5, the chemical index was 911 points, down 4 points from the previous day, down 34.93% from the cycle's highest point of 1,400 points (2021-10-23), and up 52.34% from the lowest point of 598 points on April 8, 2020. (Note: the cycle refers to the period from December 1, 2011 to the present).
Market outlook
The DMF analyst of SunSirs believes that the DMF market is expected to operate stably next week.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com
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