SunSirs: DMF Market Was Weak and Downward in May

https://www.chemnet.com   Jun 02,2023

According to data monitored by SunSirs, as of May 31st, the average price of premium DMF from domestic DMF enterprises was 5,137.5 RMB/ton. In May, DMF prices showed a narrowly weaker trend, with an overall decrease of 6.16%. As of 31st, the mainstream price was around 5,200 RMB/ton.

Analysis review

In May, the overall market performance of DMF was mainly weak. From early to mid May, the DMF market showed a continuous downward trend, and it still did not improve at the end of the month. Compared to the same period last week, prices fell by 3.97%. As of 31st, the mainstream price range was 5,400.00 RMB/ton, and the downstream procurement atmosphere was average. Upstream cost support was insufficient, shipments were slow, manufacturers gave up profits for sales, and inventory was running at a high level. The manufacturer's quotation: Shandong Chengyang New Materials Co., Ltd. quoted 4,550 RMB/ton, Jinan Pulaihua Chemical Co., Ltd. quoted 5,000 RMB/ton, and Jinan Dezheng Chemical Co., Ltd. quoted 4,650 RMB/ton.

Chemical commodity index: On May 30th, the chemical index was 850 points, a decrease of 3 points from the previous day, a decrease of 39.29% from the highest point in the cycle of 1,400 points (2021-10-23), and a 42.14% increase from the lowest point of 598 points on April 8th, 2020. (Note: The cycle refers to the period from December 1st, 2011 to the present).

Market outlook

DMF analysts from SunSirs believe that in the short term, the DMF market will be stable and weaker.

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