SunSirs: DMF Market Price Was Narrowly Weakened (May 19-26)
May 30 2023 13:56:29 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, as of May 26th, the average price of premium DMF products quoted by domestic DMF enterprises was 5,125 RMB/ton, a slight decrease of 4.21% compared to the same period last week. As of May 26th, the overall market supply and demand were balanced, and the overall market was narrowly weakened, with smooth shipments.
Analysis review
This week's DMF trend was weaker, with a slight decline in prices compared to the same period last week. The purchasing atmosphere was average, and as of the 26th, the mainstream price range was 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 make profit-cutting for sales. Shipping was normal. The latest quotation from the manufacturer: 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 25th, the chemical index stood at 863 points, a decrease of 3 points from the previous day, a decrease of 38.36% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 44.31% 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 narrow range weaker operation.
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- 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
