SunSirs: On September 27th, the DMF Market Saw a Narrow Upward Trend

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

Price trend

According to data monitored by SunSirs, as of September 27th, the average quotation price of high-quality DMF from domestic DMF enterprises has remained stable and upward at 4,120 RMB/ton compared to the same period last week. Currently, the overall market focus is stable, and overall market shipments are slow. The mainstream market price is around 4,000 RMB/ton, and downstream markets are not actively stocking up, with rigid procurement being the main focus.

Analysis review

The overall market price of DMF is mainly stable, with prices maintained at around 4,000 yuan per ton. Currently, downstream demand is still acceptable, with rigid demand procurement being the main focus. Manufacturers offer discounts to place orders, with a mainstream price range of around 4,100 yuan per ton. Manufacturers offer discounts and place orders, with a cautious and wait-and-see attitude. Downstream rigid demand procurement is the main focus. Currently, DMF cost support is insufficient, and inventory is running at a high level. Manufacturer quotations are: 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 4,000 RMB/ton.

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