SunSirs: The DMF Market Was Weak and Volatile in April
April 28 2023 14:28:57 SunSirs (John)
Price trend
According to data monitored by SunSirs, as of April 27th, the average price of premium DMF quoted from domestic DMF enterprises was 5,475.00 RMB/ton. In April, the DMF price showed a narrow and weaker trend, and remained stable overall in April. As of April 27, the mainstream price was around 5,400 RMB/ton.
Analysis review
In April, the overall market performance of DMF was mainly weak, with a narrow decline in mid April and a slight rebound at the end of April. Compared to the same period last week, the price of domestic DMF remained stable. The mainstream price range was around 5,400.00 RMB/ton, downstream procurement was mainly rigid demand. Due to insufficient upstream cost support and poor demand, the manufacturer made profit-cutting for sales. The latest quotation from the manufacturer: Shandong Hanyue Chemical Co., Ltd. was 5,300 RMB/ton, Jinan Jutai Chemical Co., Ltd. was 5,300 RMB/ton, and Shanghai Ronghe Chemical Co., Ltd. was 5,300 RMB/ton.
Chemical Index: On April 26, the chemical index reached 903 points, a decrease of 1 point from the previous day, a decrease of 35.50% from the highest point of 1,400 points in the cycle (2021-10-23), and an increase of 51.00% from the lowest point of 598 points on April 8, 2020. (Note: The cycle refers to the period from December 1st, 2011 to the present).
Market outlook
SunSirs DMF analysts believe that the DMF market was mainly stable in the short term.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
- 2024-05-11 SunSirs: The DMF Market Prices Was Mainly Stable (May 3-10)
- 2024-05-07 SunSirs: The DMF Market Performed Well in April, and the Price Was Mainly on the Rise
- 2024-04-25 SunSirs: DMF Market Prices Operated Steadily (April 15-22)
- 2024-04-01 SunSirs: In March, DMF Prices Were Mainly Upward
- 2024-03-25 SunSirs: Upstream Support Was Good, and DMF Prices Were Rising Narrowly
