SunSirs: DMF Market Prices Weakly Declined This Week (August 13-20)

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

Price trend

According to data monitored by SunSirs, as of August 20th, the average quotation price of domestic high-quality DMF enterprises was 3,970 RMB/ton. This week, the DMF market price had been mainly in a narrow downward trend, with a price drop of 0.25% compared to the same period last week. As of August 20th, the overall market center was running at a low level, with the mainstream market price of around 3,900 RMB/ton. The overall market supply and demand were balanced, with enterprises mainly offering discounts and taking orders. Downstream demand was weak, orders were slow, and manufacturers were actively shipping.

Analysis review

This week, the overall market price of DMF had been weak, with a slight decline in prices. As of August 20th, downstream demand was weak, and overall market shipments were slow. The mainstream price range was 3,900 RMB/ton, and manufacturers were offering discounts and taking orders with a cautious wait-and-see attitude. Downstream purchases were mainly on demand, and temporarily DMF cost support was insufficient. Recently, there had been reports of maintenance from most manufacturers, and prices were trending upwards. Operators were adopting a cautious wait-and-see attitude. Manufacturer quoted: Weifang Shuoxin Chemical Co., Ltd. 3,700 RMB/ton, Qingdao Chengxin Hongfeng Chemical Co., Ltd. 3,700 RMB/ton, Shandong Longshun Chemical Co., Ltd. 4,420 RMB/ton.

Market outlook

DMF analysts from SunSirs believe that downstream demand for DMF was weak, but recently there have been continuous reports of DMF enterprise maintenance. DMF had some support on the cost side, and it is expected that prices will be narrowly stronger in the short term.

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

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