SunSirs: DMF Market Was Weakly Downtrend (June 9-16)

https://www.chemnet.com   Jun 19,2023 SunSirs

　　Price trend

　　According to data monitored by SunSirs, as of June 16th, 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 2.51% in a week. As of 16th, the mainstream price was around 4,800 RMB/ton.

　　Analysis review

　　This week, the overall market performance of DMF was mainly weak, with a slight downward trend in prices. Compared to the same period last week, the price had dropped by 2.51%. As of 16th, the mainstream price range was around 4800.00 RMB/ton, and the downstream procurement atmosphere was average. Shipping was slow, and the manufacturers were willing to give up profits 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 15th, the chemical index stood at 812 points, a decrease of 2 points compared to the previous day, a decrease of 42.00% from the highest point in the cycle of 1,400 points (2021-10-23), and an increase of 35.79% 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 the DMF market will mainly be stable in the short term.

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