SunSirs: DMF Market Price Was Weaker (February 10-17)

Price trend

According to the data monitored by SunSirs, as of February 17, the average price of premium DMF quoted by domestic DMF enterprises was 5,775 yuan/ton, down 5.71% from the same period last week, with a decline of about 600 yuan/ton. The overall market was operating to be weaker in a narrow range.

Analysis review

This week, DMF was dominated by weak operation, and the price showed a downward trend. As of the 17th, the mainstream price range of DMF was around 5,600.00 yuan/ton, the operating rate was mainly stable, the supply side was normal, the downstream purchase was on demand, the intention to stock up was not obvious, and the manufacturer gave up profits to sell. The manufacturer's latest DMF quotation: Jiangsu Pules Biotechnology Co., Ltd. offered 7,100 yuan/ton, Suzhou Huayuan Chemical Co., Ltd. 6,300 yuan/ton, and Wuhan Jixin Yibang Biotechnology Co., Ltd. 7,800 yuan/ton.

Chemical index: The chemical index was 921 points on February 16, down 1 point from the previous day, down 34.21% from the highest point of 1,400 points in the cycle (2021-10-23), and up 54.01% from the lowest point of 598 points on April 8, 2020. (Note: the period refers to 2011-12-01 to now).

Market outlook

DMF analysts of SunSirs believe that the DMF market is stable and weaker in the short term.

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