SunSirs: DMF Market Prices Had Been Weak This Week (July 5-12)

https://www.chemnet.com   Jul 15,2024 SunSirs

Price trend

According to data monitored by SunSirs, as of July 12th, the average quotation price of domestic high-quality DMF enterprises was 4,250 RMB/ton. This week, the DMF market price was mainly weak, with an overall price drop of 2.07%. As of July 12th, the mainstream price was around 4,300 RMB/ton, and the overall market supply and demand were balanced. Enterprises mainly offered discounts to take orders, and the overall market negotiation focus was stable.

Analysis review

This week, the overall market price of DMF was mainly running in a narrowly weaker range, with a narrow downward trend in prices. As of July 12th, downstream demand was poor, with a mainstream price range of 4,300RMB/ton. Manufacturers were actively shipping and logistics were smooth, but downstream demand was weak. As of July 12th, the cost side of DMF provided slighly support, and it will maintain a stable and stronger operation in the near future. Downstream enterprises purchased just on demand. Latest quotes from manufacturers: Shandong Yihe Fine Chemical Co., Ltd. offered 4,000 RMB/ton, Liaocheng Runheng Chemical Trading Co., Ltd. offeree 4,000 RMB/ton, and Jinan Dezheng Chemical Co., Ltd. offered 4,050 RMB/ton.

Market outlook

DMF analysts from SunSirs believe that the DMF market will maintain its trend in the short term, 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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