SunSirs: The Overall DMF Market Remained Stable in August with Limited Price Fluctuations

Price trend

According to the commodity market analysis system of SunSirs, as of August 29, the average price of high-quality DMF quoted by domestic DMF companies was 4,110 RMB/ton, down 0.24% from the same period last month. As of August 29, the prices of DMF manufacturers were mainly stable, with a narrowly weaker trend. The DMF market was temporarily running in a narrowly weaker trend, the focus of negotiations was stable, and the purchasing atmosphere was general.

Analysis review

Market: The overall DMF market was weaker in August, with prices falling narrowly and insufficient upward momentum. As of August 29th, Hualu Hengsheng's August DMF price was 4,500 RMB/ton, the spot net price n Dezhou was 4,050 RMB/ton, and the net price in Jingzhou was 4,100 RMB/ton. Shandong Jinkong Riyue New Materials Co., Ltd.'s DMF net ex-warehouse price was 3,770 RMB/ton. Jinan Baohui Chemical Co., Ltd., a long-term distributor of DMF products, quoted a reference price of 3,800 RMB/ton ex-factory. The reference price for bulk DMF delivered to the Shandong and North China markets was 3,900-4,050 RMB/ton. Negotiations were focused on a low level, and the DMF market remained generally stable.

Upstream: Methanol prices were generally stable with minor fluctuations. As of August 29th, Sinopec Great Wall's methanol price was quoted at 1,950 RMB/ton, with its 600,000 tons/year methanol unit temporarily operating at full capacity. Qinghai Zhonghao Methanol had no current quotes. The plant's 600,000 tons/year natural gas-to-methanol unit has been shut down since October 23, 2024, with an uncertain restart date. Jining methanol ex-factory prices were recommended at 2,260-2,260 RMB/ton, with ex-factory in cash. Linyi delivery prices were recommended at 2,320 RMB/ton. Shanxi Junjie (Jinhui) Methanol's 250,000 tons/year coke oven gas-to-methanol unit was stable.

Market outlook

DMF analysts of SunSirs believe that in the short term, DMF prices will remain stable in the DMF market, upstream cost support is insufficient, and downstream replenishment is mainly based on demand, and overall market operations are cautious.

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