SunSirs: DMF Market Was Weak and Downtrend (June 6-13)

https://www.chemnet.com   Jun 15,2023 SunSirs

　　According to data monitored by SunSirs, as of June 13th, the average price of premium DMF products quoted by domestic DMF enterprises was 4,850 RMB/ton, and the DMF price showed a narrowly weaker trend, falling by 5.6% in the week. As of June 13, the mainstream price was around 4,800 RMB/ton.

　　Analysis review

　　This week, the overall DMF market was mainly in a weaker trend. Since June, the DMF market has shown a continuous downward trend, with prices falling by 5.6% compared to the same period last week. As of 13th, the mainstream price range was around 4,800.00 RMB/ton, and the downstream procurement atmosphere was average. Shipping was slow, and manufacturers were offering discounts for sales. The manufacturer's quotation: Shandong Hongyang Chemical Co., Ltd. quoted 4,600 RMB/ton, Jinan Baida Chemical Co., Ltd. quoted 4,500 RMB/ton, and Shandong Longshun Chemical Co., Ltd. quoted 4,650 RMB/ton.

　　Chemical Index: On June 12th, the chemical index reached 820 points, a decrease of 4 points from the previous day, a decrease of 41.43% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 37.12% 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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