SunSirs: DMF Market Was Weak and Downward (December 11-15)
December 18 2023 13:40:53 SunSirs (John)
Price trend
According to data monitored by SunSirs, as of December 15th, the average price of premium DMF quoted by domestic DMF enterprises was 4,725.00 RMB/ton. This week, DMF prices had weakened and declined by 0.53%, a decrease of 1.05% compared to the same period last week. As of December 15th, the mainstream price was around 4,700 RMB/ton.
Analysis review
This week, the overall DMF market had experienced a narrow decline, with prices falling by 1.05% compared to the same period last week. As of December 15th, the mainstream price range was 4,700.00 RMB/ton. The downstream procurement atmosphere was poor, demand was insufficient, upstream cost support was weak, and there was a lack of positive support. As of December 15th, manufacturers were operating under pressure, and they were offering discounts for sales. Latest quotes from manufacturers: Liaocheng Jinrui Radiation Protection Materials Co., Ltd. quoted 4,650 RMB/ton, Jiangsu Runfeng Synthetic Technology Co., Ltd. quoted 4,700 RMB/ton, and Jinan Pulaihua Chemical Co., Ltd. quoted 4,800 RMB/ton.
Chemical index: On December 14th, the DMF commodity index was 77.87 points, unchanged from the previous day, down 74.60% from the highest point in the cycle of 306.56 points (2021-10-24), and up 15.86% from the lowest point of 67.21 points on February 21st, 2016. (Note: The cycle refers to 2011-09-01 present).
Market outlook
SunSirs’ DMF analysts believe that in the short term, the DMF market will maintain a stable and weaker trend, with prices remaining around 4,700 RMB/ton.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
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