SunSirs: DMF Market Prices Remained Stable Last Week (August 8-15)

Price trend

According to the commodity market analysis system of SunSirs, as of August 15, the average price  of high-quality DMF quoted by domestic DMF companies was 4,090 RMB/ton, and the price remained stable compared with the same period the previous week. The price fluctuation range of DMF manufacturers was limited. The DMF market negotiation focus was stable and the purchasing atmosphere was general.

Analysis review

Market: The reference price of DMF spot delivery in Shandong and surrounding areas was 3,950-4,050 RMB/ton, the reference price of DMF spot delivery in South China was 4,200-4,300 RMB/ton in Guangzhou market, the reference price of bulk DMF delivery in East China was 4,020-4,200 RMB/ton in Jiangsu and 4,120-4,270 RMB/ton in Zhejiang. The spot exchange rate of DMF delivered by Shandong Jinkong Riyue New Materials Co., Ltd. was 3750 RMB/ton.

On the upstream side: On August 15th, the negotiated price of methanol in Zibo, Shandong Province was 2,320-2,326 RMB/ton delivered on cash, and the transaction range of mainstream merchants of methanol imports in Nantong was 2,335-2,355 RMB/ton ex-tank on cash. The market price of methanol outside Xinjiang was reported to be 1,725 RMB/ton ex-factory on cash, and the market price of methanol in northern Xinjiang was 1,730 RMB/ton ex-factory on cash.

Market outlook

DMF analysts of SunSirs believe that the DMF market is expected to maintain its trend in the short term, with limited upstream cost support, general downstream purchasing demand, and limited momentum for price increases.

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