1、 Price trend
According to data monitored by Shengyi Society, as of November 21st, the average quotation price of high-quality DMF enterprises in China was 4160 yuan/ton. This week, the DMF market has slightly declined, with prices dropping by 0.48% compared to the same period last week. Currently, the overall market focus of DMF is weak, and operators have a cautious purchasing mentality. The mainstream market price is around 4100 yuan/ton, with manufacturers mainly offering discounts and taking orders at low inventory levels.
2、 Market analysis
This week, the overall market price of DMF has been running weakly with a narrow range, and the price has fallen sharply compared to the same period last week. The mainstream price remains around 4100 yuan/ton, and the overall market trend is weak. The mainstream price range is around 4100-4200 yuan/ton, and inventory is running at a high level. The supply side is sufficient, and downstream procurement is active. Currently, DMF cost support is insufficient, and inventory is running at a high level.
In terms of cost, the upstream methanol market has been operating steadily with small fluctuations this week, and some units have announced maintenance plans. Currently, the trading atmosphere on site has improved. In the Kanto region, the methanol market is operating steadily, and inventory remains low. There is currently no pressure on inventory, and enterprises in Shanxi region are maintaining the previous shipment rate, with prices showing an upward trend.
3、 Future forecast
DMF analysts from Shengyi Society believe that DMF is expected to maintain a weak trend in the short term, with little upward momentum. The mainstream price is around 4100-4200 yuan/ton.
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