1、 Price trend

According to data monitored by Shengyi Society, as of August 20th, the average quotation price of high-quality DMF enterprises in China was 3910 yuan/ton. This week, the DMF market price has been narrowly declining, with a decrease of 1.51% compared to the same period last week. Currently, the overall market center of gravity is operating at a low level, with mainstream prices around 3900 yuan/ton. The overall market supply and demand are balanced, with enterprises mainly giving up profits and taking orders. Downstream demand is weak, orders are slow, and manufacturers are actively shipping.

2、 Market analysis

Recently, the overall market price of DMF has been running weakly, with a downward trend in prices. Downstream demand is currently poor, overall market shipments are slow, inventory pressure is high, and the mainstream price range is 3900 yuan/ton. Manufacturers are offering discounts and taking orders with a cautious wait-and-see attitude. Downstream essential purchases are the main focus, and currently DMF cost support is insufficient. Recently, there have been news of maintenance from most manufacturers, and prices are trending upwards. Operators are adopting a cautious wait-and-see attitude.

3、 Future forecast

DMF analysts from Shengyi Society believe that downstream demand for DMF is poor, overall market shipments are slow, and DMF has average cost support. It is expected that DNF prices will operate narrowly and weakly in the short term.