SunSirs: DMF Market Price Was Weaker in January
January 31 2023 11:01:46 SunSirs (John)
Price trend
According to the data monitored by SunSirs, as of January 30, the average price of premium DMF quoted by domestic DMF enterprises was 5,800 RMB/ton. In January, the price of DMF showed a weak decline trend, down 5.69% compared with the same period last month, with a monthly decline of 300 RMB/ton. The price at the end of January showed a rebound trend.
Analysis review
In January, the overall market was dominated by weak operation. The price at the beginning of January was 6,150 RMB/ton, and the price at the end of the month was 5,800 RMB/ton, down 5.69%. After the festival, the domestic DMF price had an upward trend. The mainstream price range on the 30th was 5,800.00 RMB/ton. As of the 30th, the operating rate was mainly stable, the downstream just needed procurement was mainly, the logistics was running slowly, and the manufacturer gave up profits to deliver. The manufacturer's latest quotation: Jinan Hengtong Chemical Co., Ltd. 5,600 RMB/ton, Jinan Qichen Chemical Co., Ltd. 5,600 RMB/ton, Jinan Baida Chemical Co., Ltd. 5,600 RMB/ton.
Chemical index: The chemical index stood at 923 points on January 29, up 7 points from the previous day, down 34.07% from the highest point of 1,400 points in the cycle (2021-10-23), and up 54.35% from the lowest point of 598 points on April 8, 2020. (Note: the period refers to 2011-12-01 to now).
Market outlook
The DMF analyst of SunSirs believes that the DMF market is stronger in the short term.
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