SunSirs: The DMF Market Operated to Be Narrowly Stronger in April

Price trend

According to data monitored by SunSirs, as of April 29th, the average price quoted by domestic high-quality DMF enterprises was 4,160 RMB/ton, and the DMF market as a whole rose by 1.16% in April. Currently, the supply and demand in the DMF market are balanced, and the upward space is limited.

Analysis review

Operating rate: In April, the overall operating rate of the DMF industry was 65%, a decrease of 5% compared to the previous month. There was an increase in equipment maintenance in Shandong, Henan and other places. In terms of demand, downstream terminal demand was weak, and the operating rate was 60%. In terms of agricultural demand, spring plowing and stocking have ended, and the procurement rate has decreased. Export prices have declined, and Southeast Asian market quotations have fallen.

Cost side: The raw material methanol quotation is running weakly, and the DMF cost side lacks favorable support, with normal shipments and average inventory.

Market outlook

DMF analysts from SunSirs believe that DMF prices are expected to fluctuate weakly in May, with prices maintaining their current trend. In May, some companies are reported maintenance news, which will help alleviate inventory pressure.

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