SunSirs: The DMF Market Was Mainly Operating in a Narrowly Weaker Range (January 12-19)
January 22 2024 11:38:48 SunSirs (John)
Price trend
According to data monitored by SunSirs, as of January 19th, the average price of domestic premium DMF quoted by DMF enterprises was 4,700.00 RMB/ton. This week, DMF prices fell by 1.05%, and the overall trend had declined narrowly. As of January 19th, the mainstream price was around 4,700 RMB/ton, and the overall market supply and demand were balanced.
Analysis review
This week, the overall DMF market was mainly operating in a narrowly weaker range, with prices dropping by 1.05% compared to the same period last week. As of January 19th, the mainstream price range was 4,700.00 RMB/ton, and the downstream procurement atmosphere was cold and the negotiation atmosphere was poor. The upstream cost support was weak, and there was a lack of positive support. As of January 19th, manufacturers were operating under pressure, with manufacturers mainly offering discounts for salles, resulting in slow shipments. Latest quotes from manufacturers: Shandong Jinshengrun Chemical Co., Ltd. quotes 4,600 RMB/ton, Wuhan Hengjiu Chemical Co., Ltd. quotee 4,900 RMB/ton, and Qingdao Hefeng Chemical Co., Ltd. quotee 4,450 RMB/ton.
Chemical index: On January 18th, the chemical index was 864 points, unchanged from the previous day, a decrease of 38.29% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 44.48% 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 operation, 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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- 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)
