SunSirs: DMF Market Prices Were Falling Weakly

https://www.chemnet.com   Jul 01,2024 SunSirs

Price trend

According to data monitored by SunSirs, as of June 28th, the average price of premium DMF quoted by domestic DMF enterprises was 4,280 RMB/ton. In June, DMF prices were mainly weak, with an overall price drop of 6.96%. As of June 28th, the mainstream price was around 4,300 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

In June, the overall market price of DMF was mainly weaker with a narrow range, falling by 6.96% overall. As of June 28th, the mainstream price range was around 4,300/ton. Manufacturers were actively shipping, logistics were smooth, and downstream demand was insufficient. As of June 28th, the cost side of DMF had slight support, and it will maintain stable and stronger operation in the near future. Downstream enterprises purchased on demand. Latest quotes from manufacturers: Liaocheng Runheng Chemical Trading Co., Ltd. quoted 4,000 RMB/ton, Nanjing Runsheng Petrochemical Co., Ltd. quoted 4,500 RMB/ton, and Jinan Dezheng Chemical Co., Ltd. quoted 4,050 RMB/ton.

Market outlook

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

If you have any questions, please feel free to contact SunSirs with?support@SunSirs.com.

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