SunSirs: DMF Market Was Weak and Declining in June
July 03 2023 10:12:50 SunSirs (John)
Price trend
According to data monitored by SunSirs, as of June 30th, the average price of premium DMF quotes from domestic DMF enterprises was 4,725 RMB/ton. In June, DMF prices showed a narrowly weaker trend, with an overall decline of 8.03% in June. As of 30th, the mainstream price was around 4,700 RMB/ton.
Analysis review
In June, the overall market performance of DMF was mainly weak, with prices falling by 8.03% compared to the same period last month. As of 30th, the mainstream price range was around 5,400.00 RMB/ton, and the downstream procurement atmosphere was average. The upstream cost support was insufficient, and shipments were slow. The manufacturer made profit-cutting for sales, and inventory levels were high. The manufacturer's quotation: Shandong Chengyang New Materials Co., Ltd. quoted 4,550 RMB/ton, Jinan Pulaihua Chemical Co., Ltd. quoted 5,000 RMB/ton, and Jinan Dezheng Chemical Co., Ltd. quoted 4,650 RMB/ton.
Chemical Index: On June 28th, the chemical index stood at 801 points, a decrease of 2 points from the previous day, a decrease of 42.79% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 33.95% from the lowest point of 598 points on April 8th, 2020. (Note: The cycle refers to the period from December 1st, 2011 to the present).
Market outlook
DMF analysts from SunSirs believe that in the short term, the DMF market will be stable and weaker.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
- 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
- 2024-03-15 SunSirs: DMF Market Slightly Rose (March 7-14)
- 2024-03-11 SunSirs: DMF Market Slightly Rose (March 1-8)
