SunSirs: DMF Market Prices Rose Last Week (June 27-July 4)

Price trend

According to the Commodity Market Analysis System of SunSirs, as of July 4th, the average quotation price of domestic high-quality DMF enterprises was 4,210 RMB/ton. Last week, the DMF market price had risen, with a price increase of 1.2% compared to the same period last week’s previous week. DMF manufacturers continued to raise prices, and the DMF price trend was stronger.

Analysis review

In terms of the market, the DMF market was operating strongly recently, with prices rising narrowly. As of July 4th, the supply situation in the DMF market was tight, and the shortage in the spot market was difficult to alleviate. Traders and downstream markets had a strong willingness to stock at low prices, and inventory pressure was significantly alleviated. Manufacturers had a strong willingness to raise prices, and some manufacturers had significantly increased their quotes. The overall market trend was strong, and in the short term, the DMF market was mainly focused on high price consolidation.

Upstream: As of July 4th, the methanol market price index had increased by 3.1 compared to the previous day, with a month on month increase of 0.15%. On July 4th, the methanol market was mainly fluctuating downwards, with slight fluctuations in spot market prices. The market trading atmosphere was average. As of July 4th, methanol prices in the main production areas were stable, with prices around 2,000 RMB/ton for the northern quotation and 2,050 RMB/ton for the southern quotation. Some production areas were under maintenance, and the overall market mentalitywas cautious and operations were cautious.

Market outlook

DMF analysts from SunSirs believe that the focus of negotiations in the DMF market was high, and prices were dominant. It is expected to maintain the trend in the short term.

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