SunSirs: The DMF Market Price Was Weak and Down in February

Price trend

According to the data monitored by SunSirs, as of February 28, the average price of premium DMF quoted by domestic DMF enterprises was 5,675 RMB/ton. In February, the price of DMF showed a weak decline, with an overall decline of 17.75% in February. As of February 28, the mainstream price was about 5,300 RMB/ton.

Analysis review

In February, the overall market was dominated by weak operation. The price at the beginning of February was 6,900 RMB/ton, and the price at the end of the month was 5,675 RMB/ton, an overall decline of 17.57%. As of the 28th, the domestic DMF price was stable and weak, with the mainstream price range of 5,300.00 RMB/ton. The operation rate was mainly stable, and the downstream procurement just based on demand. The focus of negotiation was stable, and the manufacturer gave up profits to sell. The manufacturer's latest quotation: 5,300 RMB/ton for Shandong Hanyue Chemical Co., Ltd., 5,300 RMB/ton for Jinan Jutai Chemical Co., Ltd., and 5,300 RMB/ton for Shanghai Ronghe Chemical Co., Ltd.

Chemical index: The chemical index was 917 points on February 27, up 2 points from previous day, down 34.50% from the highest point of 1,400 points in the cycle (2021-10-23), and up 53.34% 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 in the short term.

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