SunSirs: The DMF Market Saw a Narrow Upward Trend This Week (October 15-22)

https://www.chemnet.com   Oct 23,2024 SunSirs

Price trend

According to data monitored by SunSirs, as of October 22, the average quotation price of domestic high-quality DMF enterprises remained stable and upward at 4,220 RMB/ton compared to the same period last week, with a price increase of 0.96% compared to the same period last week. as of October 22, the overall market focus as stable, and overall market shipments were slow. The mainstream market price was around 4,200 RMB/ton, and downstream market stocking was not active, with rigid procurement being the main focus.

Analysis review

This week, the overall market price of DMF remained stable, with prices maintained at around 4,200 yuan per ton. As of October 22, downstream demand was still acceptable, with rigid demand procurement being the main focus. Manufacturers offered discounts to place orders, with a mainstream price range of around 4,100 RMB per ton. Manufacturers offered discounts and place orders, with a cautious and wait-and-see attitude. Downstream rigid demand procurement was the main focus. As of October 22, DMF cost support was insufficient, and inventory was running at a high level. Manufacturers quote: Jinan Dezheng Chemical Co., Ltd. 3,850 RMB/ton, Nantong Zhonghe Chemical New Materials Co., Ltd. 4,800 RMB/ton, and Liaocheng Yuanze Chemical Products Co., Ltd. 4,300 RMB/ton.

Market outlook

DMF analysts from SunSirs believe that DMF is expected to maintain its current trend in the short term, with mainstream prices around 4,200 RMB/ton and insufficient upward momentum.

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