SunSirs: DMF market prices weakly decreased

https://www.chemnet.com   Aug 27,2024 SunSirs

Price trend

According to data monitored by SunSirs, as of August 26th, the average quotation price of high-quality DMF enterprises in China was 3,910 RMB/ton. This week, the DMF market price had been narrowly declining, with a decrease of 1.51% compared to the same period last week. As of August 26th, the overall market center was operating at a low level, with mainstream prices around 3,900 RMB/ton. The overall market supply and demand were balanced, with enterprises mainly giving up profits and taking orders. Downstream demand was weak, orders were slow, and manufacturers were actively shipping.

Analysis review

Recently, the overall market price of DMF had been running weakly, with prices trending downwards. Downstream demand was temporarily poor, overall market shipments were slow, inventory pressure was high, and the mainstream price range was 3,900 RMB/ton. Manufacturers were offering discounts and taking orders cautiously, with a strong wait-and-see attitude. Downstream essential purchases were the main focus, and temporarily DMF cost support was insufficient. Recently, there had been reports of maintenance from most manufacturers, and prices were on the rise. Industry players were adopting a cautious wait-and-see attitude. Manufacturer quotes: 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 poor, overall market shipments were slow, and DMF had average cost support. It is expected that DMF prices will operate to be weaker narrowly in the short term.

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

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