SunSirs: Oversupply, the DMF Market Was Largely Stable with Minor Fluctuations
March 02 2026 14:21:17 SunSirs (John)
Price trend
According to data from SunSirs' commodity market analysis system, as of February 28th, the average price quoted by domestic premium DMF manufacturers was 3,940 RMB/ton. The overall market supply exceeded demand, downstream demand was insufficient, and there was little impetus for price increases.
Market Analysis
Market Overview: As of the 28th, the DMF market was experiencing a loose supply and overcapacity. Domestic DMF total capacity had increased from 910,000 tons/year in 2021 to 1.77 million tons/year in 2025, an increase of over 94%. However, downstream demand growth was slow, leading to a long-term oversupply in the market.
Supply Side: There was a severe overcapacity. Domestic DMF total capacity had reached 1.77 million tons/year (2025 data), while the industry's operating rate had long remained at around 40%. Actual demand was far lower than capacity, resulting in a long-term oversupply in the market. No new capacity was added in 2025-2026, and several planned projects have been shelved. The suspension of capacity expansion had alleviated further downward pressure, but the oversupply situation remained unchanged.
Market outlook
According to analysts at SunSirs, the DMF market is expected to remain largely stable with minor fluctuations in the short term, with the overall market maintaining a steady trend.
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- 2026-04-16 SunSirs: In Early April, DMF Supply Was Tight, and Prices Trended Upward
- 2026-03-31 SunSirs: The Center of DMF Market Negotiations Shifted Upward
- 2026-03-26 SunSirs: The DMF Market Was Primarily Trending Stronger
- 2026-03-24 SunSirs: DMF Is Primarily Trading Within a Volatile Range, with Limited Upside Potential
- 2026-02-26 SunSirs: Downstream Demand Was Insufficient, and DMF Prices Were Mainly Stable
