SunSirs: The DMF Market Performed Well in April, and the Price Was Mainly on the Rise

Price trend

According to the analysis system of the commodity market of SunSirs, as of April 30th, the average price quoted by domestic premium DMF enterprises was 4,740 RMB/ton. In April, the DMF market price fluctuated mainly, and the mainstream price range in the market was around 4,800 RMB/ton. As of April 30th, the upstream cost side support was average, and the downstream demand was still acceptable. The overall market transaction atmosphere was positive, with the upstream methanol mainly consolidating.

Analysis review

In terms of cost: In April, the methanol market showed a narrow and stronger trend, with overall good shipments and low inventory levels without pressure. The business owners had a positive attitude, and the domestic market transaction atmosphere was good. The mainland quotation was mainly strong, and downstream enterprises were actively purchasing goods near the holiday. The inventory of manufacturers was low.

In terms of supply and demand: In April, the overall production capacity of DMF showed a significant increase compared to March, and maintenance enterprises began to operate one after another. The newly added enterprise equipment was the 120,000 ton/year DMF equipment of Guizhou Tianfu Chemical Co., Ltd. The initial trial run had been successful. From the DMF demand side, the downstream industry in the first quarter of this year increased year-on-year, with an increase of about 6.11%. The overall market demand showed an upward trend, and the economic market gradually recovered. New DMF equipment began to operate one after another, and the overall supply continued to increase. The market performance was positive.

Market outlook

In summary, as of April 30th, the cost side prices had risen and fallen, and the support on the cost side was average. The May Day holiday was approaching, and the downstream procurement atmosphere was positive. In the short term, the DMF market is mainly operating at a high price, and the negotiation focus is on a high level. The mainstream price is around 4,800-5,000 RMB/ton.

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