SunSirs: DMF Market Was Weak and Declined in October

Price trend

According to the data monitored by SunSirs, as of October 26, the average price of premium DMF offered by domestic DMF enterprises was 7,175.00 RMB/ton. In October, the price of DMF fell, from 8,850 RMB/ton at the beginning of the month to 7,175 RMB/ton at the end of the month. The overall decline in October was 18%. At the end of October, the price of DMF had an upward trend and a stronger trend. It is expected that the DMF will be stronger in November. As of October 26, the mainstream price of DMF was around 7,000 RMB/ton.

Analysis review

As of October 13, the mainstream price range of domestic DMF was 8,500 RMB/ton, the atmosphere of transaction was fair, the atmosphere of negotiation was general, the manufacturer made profit-cutting to sell, the shipment was smooth, and downstream purchased just on demand mainly. Manufacturer's latest quotation: the DMF quotation of Jinan Hengtong Chemical Co., Ltd. was 8,640 RMB/ton, the DMF quotation of Liaocheng Yuanze Chemical Products Co., Ltd. was 7,200 RMB/ton, the DMF quotation of Jinan Mingyu Chemical Co., Ltd. was 8,000 RMB/ton, the DMF quotation of Jinan Jutai Chemical Co., Ltd. was 7,200 RMB/ton, the DMF quotation of Jinan Yingsen Chemical Co., Ltd. was 7,400 RMB/ton, and the DMF quotation of Guanjiuzhou (Shandong) Energy Technology Co., Ltd. was 8,800 RMB/ton.

As of October 21, the mainstream quotation in the domestic DMF market was 7,275.00 RMB/ton, which continued to decline compared with the same period last week. The overall market negotiation atmosphere was general, the manufacturer made profit-cutting to sell, the shipment was smooth, the operating rate was stable, and downstream purchased just on demand mainly. The latest quotation of the manufacturer: Jinan Hengtong Chemical Engineering Co., Ltd. 8,640 RMB/ton, Nantong Runfeng Petrochemical Co., Ltd. 7,200 RMB/ton, Wuhan Jixin Yibang Biotechnology Co., Ltd. 8,000 RMB/ton, Zhongzhu New Materials (Shandong) Co., Ltd. 7,000 RMB/ton, Jinan Jinhao Chemical Co., Ltd. 9,900 RMB/ton, and Shanghai Ronghe Chemical Co., Ltd. 7,000 RMB/ton.

Chemical commodity index: On October 25, the chemical index was 973 points, down 9 points from the previous day, down 30.50% from the cycle's highest point of 1,400 points (2021-10-23), and up 62.71% from the lowest point of 598 points on April 8, 2020. (Note: the cycle refers to the period from December 1, 2011 to the present).

Market outlook

According to DMF analysts from SunSirs, the DMF market is expected to run strongly in November, and the price will rise.

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