SunSirs: The DMF Market Was Operating Steadily with a Stronger Trend (December 1-8)
December 11 2023 10:01:00 SunSirs (John)
Price trend
According to data monitored by SunSirs, as of December 8th, the average price quoted by domestic premium DMF enterprises was 4,775.00 RMB/ton. This week, DMF prices had risen narrowly, with a decrease of 0.53%. As of December 8th, the mainstream price of DMF was around 4,700 RMB/ton
Analysis review
The overall DMF market had seen a narrow upward trend this week, with prices increasing by 0.53% compared to the same period last week. As of December 8th, the mainstream price range was 4,700.00 RMB/ton. The downstream procurement atmosphere was average, demand was still good, and upstream costs had some support. As of December 8th, manufacturers were shipping smoothly, and they were offering discounts for sales. Latest quotations from the manufacturers: Shandong Jinshengrun Chemical Co., Ltd. offered a price of 4,750 RMB/ton, Shandong Hongyang Chemical Co., Ltd. offered a price of 4,600 RMB/ton, and Shandong Luoheng Chemical Products Co., Ltd. offered a price of 4,750 RMB/ton.
Chemical index: On December 7th, the chemical index was 876 points, unchanged from the previous day, a decrease of 37.43% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 46.49% from the lowest point of 598 points on April 8th, 2020. (Note: The cycle refers to 2011-12-01 present).
Market outlook
SunSirs’ DMF analysts believe that in the short term, the DMF market will maintain a stable, and stronger trend, with prices remaining around 4,700 RMB/ton.
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)
