SunSirs: DMF Prices Remained Stable with Minor Fluctuations

Price trend

DMFAccording to the commodity market analysis system of SunSirs, as of September 23, the average price of high-quality DMF quoted by domestic DMF companies was 4,020 RMB/ton. The price of DMF was stable, with a limited range of price fluctuations. The overall market negotiation focus was stable and the purchasing atmosphere was general.

Analysis review

Market:

As of September 23, the DMF market was mainly stable, and the price fluctuation range was not large. The reference price of DMF spot delivery in Shandong and surrounding areas was 3,800-3,900 RMB/ton, and it was about 4,000 RMB/ton in Jiangsu and Zhejiang regions. The 100,000 tons/year DMF unit of Shaanxi Yanchang Petroleum Xinghua Chemical was operating normally, and DMF products were mainly shipped at contract prices. The reference price of DMF spot delivery in South China was 4,050-4,150 RMB/ton in Guangzhou market, and the focus of negotiation was running smoothly.

Upstream:

Methanol prices remained largely stable with minor fluctuations. As of September 23rd, the new price of methanol at Dawei Methanol in Luxi, Yunnan Province, was lowered to 2,110 RMB/ton, factory-delivered. The company's 150,000 tons/year coke oven gas-to-methanol unit was operating normally. The mainstream bulk DMF delivery price in East China was 3,900-4,000 RMB/ton in Jiangsu and 3,950-4,050 RMB/ton in Zhejiang.

Market outlook

DMF analysts of SunSirs believe that DMF prices are expected to remain stable in the short term.

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