SunSirs: DMF Market Price Was Narrowly Weakened (May 12-19)
May 22 2023 15:02:46 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, as of May 19th, the average price of premium DMF products quoted by domestic DMF enterprises was 5,350 RMB/ton, a slight decrease of 0.93% compared to the same period last week. As of the 19th, the market had a balanced supply and demand, and the overall market was operating to be weaker narrowly, and the shipment was smooth.
Analysis review
The trend of DMF this week was weaker, with a slight decline in prices compared to the same period last week. On the 19th, the purchasing atmosphere was average, with a mainstream price range of around 5,400 RMB/ton. The operating rate was mainly stable, and the overall market supply and demand were balanced. Downstream purchases were made on demand, and merchants were willing to give up profits for sales. The shipment was normal. Latest quotation from the manufacturers: Shandong Hongyang Chemical Co., Ltd. quoted 5,600 RMB/ton, Shandong Hongyang Chemical Co., Ltd. quoted 5,400 RMB/ton, and Jinan Hengtong Chemical Co., Ltd. quoted 5,050 RMB/ton.
Chemical Index: On May 18th, the chemical index stood at 875 points, a decrease of 3 points from the previous day, a decrease of 37.50% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 46.32% 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 in the short term, DMF will mainly operate stably, with a narrowly weaker operation.
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- 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
