SunSirs: On September 24th, the DMF Market Remained Stable with a Stronger Performance

https://www.chemnet.com   Sep 25,2024 SunSirs

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According to data monitored by SunSirs, as of September 24th, the average price of high-quality DMF quoted by domestic DMF enterprises was 4,120 RMB/ton, an increase of 0.98% compared to the same period last week. As of September 24th, the overall market center was running at a low level, and market shipments were slow. The mainstream market price was around 4,000 RMB/ton, and downstream markets were not actively stocking up, with rigid procurement being the main focus.

Analysis review

The overall market price of DMF was mainly stable, with prices maintained at around 4,000 RMB/ton. As of September 24th, downstream demand was still acceptable, with rigid demand procurement being the main focus. Manufacturers offered discounts to place orders, and the mainstream price range was around 4,100 y RMB/ton. Manufacturers offered discounts to place orders, with a cautious and wait-and-see attitude. Downstream rigid demand procurement was the main focus. As of September 24th, DMF cost support was insufficient, and inventory was running at a high level. Latest quotes from manufacturers: 4,300 RMB/ton for Jinan Aochen Chemical Co., Ltd., 4,000 RMB/ton for Weifang Mingbo Chemical Co., Ltd., and 4,000 RMB/ton for Liaocheng Yuanze Chemical Products Co., Ltd.

Market outlook

DMF analysts from SunSirs believe that DMF is expected to maintain its current trend in the short term, with mainstream prices around 4000 RMB/ton.

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