1、 Price trend

According to the data monitored by the business association, as of February 15, the DMF market in Zhejiang was 5450 yuan / ton, in Guangdong 5700 yuan / ton, in Jiangsu 5375 yuan / ton, in Luxi Chemical Industry 4900 yuan / ton, in Hualu Hengsheng 5300 yuan / ton, in Zhangqiu 5050 yuan / ton, with narrow range of market, unclear restart time of plant, and waiting for the event turning point to be sorted out.

2、 Market analysis

Products: the domestic DMF market continues to run in the range of consolidation. Due to the continuous impact of the incident, at present, the resumption of downstream factories is still slow, and the logistics and transportation control in East China and South China are relatively strict, which makes it difficult for DMF factories to increase the speed of warehouse arrangement. Traders have a short mind, few new orders are heard in the market, and the overall wait-and-see mood remains unchanged. DMF’s cost pressure is temporarily weak. The factory continues to control the volume and sort out, and sporadically delivers early orders. Logistics factors remain.

Industrial chain: after the festival, the upstream methanol enterprises were slow to return to work. Although the start-up of domestic methanol enterprises has decreased, the methanol market is still in a pattern of supply exceeding demand. Especially in the northwest region where methanol needs to be exported in large quantities, the factory inventory has increased gradually, and the sales pressure has become prominent. This week, the price in Inner Mongolia fell to 1400-1530 yuan / ton, some of which fell by 250 yuan / ton.

Industry: on February 14, the chemical industry index was 720, up 1 point from yesterday, down 29.13% from 1016 (2012-03-13), and up 20.00% from 600, the lowest point on January 31, 2016. (Note: cycle refers to 2011-12-01 to now)

4、 Future forecast

DMF analysts believe that: the domestic DMF market volatility is limited, continue to focus on downstream rework.