SunSirs: DMF Market Prices Operated to Be Weaker in a Narrow Range (May 9-16)

https://www.chemnet.com   May 21,2024 SunSirs

　　According to data monitored by SunSirs, as of May 16th, the average price of premium DMF quoted by domestic DMF enterprises was 4,700 RMB/ton. This week, the DMF price was mainly weak compared to the same period last week, with a slight decrease in price. As of May 16th, the mainstream price was around 4,700-4,800 RMB/ton, and the overall market supply and demand was balanced. Enterprises mainly offered discounts for sales, and the overall market negotiation focus was stable.

　　Analysis review

　　This week, the overall market price of DMF was mainly operating to be weaker in a narrow range, with no significant changes compared to the same period last week. As of May 16th, the mainstream price range was 4,700-4,800 RMB/ton. Manufacturers were actively shipping, logistics were smooth, and downstream demand was insufficient. As of May 16th, the cost side of DMF was slightly supported, and it will maintain a stable and stronger operation in the near future. Downstream enterprises needed to purchase and operate. Latest quotation from the manufacturer: Qingdao Hefeng Chemical Co., Ltd. offered a price of 4,450 RMB/ton, Jinan Pulaihua Chemical Co., Ltd. offers a price of 4,800 RMB/ton, and Shandong Jinshengrun Chemical Co., Ltd. offers a price of 4450 RMB/ton.

　　Market outlook

　　SunSirs’DMF analysts believe that in the short term, the DMF market will maintain its current trend, with mainstream prices remaining at 4,700-4,800 RMB/ton.

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