SunSirs: With Insufficient Market Demand, DMF Market Prices Were Operating Within a Narrow Range

Price trend:

According to the commodity market analysis system of SunSirs, as of November 25, the average price of high-grade DMF quoted by domesticDMF enterprises was 4,000 RMB/ton. As of November 25, the DMF market had overcapacity, the overall market negotiation focus was on low prices, downstream demand was running slowly, and the overall market price was mainly stable and weak. There was insufficient support from the upstream cost side, and the room for price increase was limited.

Market Analysis

Market Overview: As of November 25, demand in the DMF market was weak, and overall market negotiations were focused on lower prices. The reference price for DMF spot delivered prices in South China was 3,950-4,050 RMB/ton in Guangzhou, the reference price for DMF spot delivered prices in Shandong and surrounding areas was 3,780-3,900 RMB/ton, and the reference price for DMF bulk delivered prices in Shandong and North China ws 3,780-3,900 RMB/ton. As of November 25, the overall DMF market was mainly operating within a narrow range.

Supply and demand: The overall methanol market was operating steadily, with high inventory and high supply. Demand was declining and prices were falling. The continued high supply level had led to a significant oversupply situation, making it difficult for prices to rise.

Market Forecast:

According to analysts at SunSirs, DMF prices lacked upward momentum, and inventory levels remained high, suggesting that the market trend of DMF will continue in the short term.

If you have any inquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.