1、 Price trend

According to data monitored by Shengyi Society, as of December 9th, the average quotation price of domestic high-quality DMF enterprises was 4290 yuan/ton. Today, the overall DMF market is weak and declining, with prices dropping by 0.23% compared to the previous day. The price is operating in a narrow and weak range, with a slight downward adjustment.

2、 Market analysis

This week, DMF has undergone a narrow consolidation, with prices slightly falling. Some companies have lowered their prices one after another, and the supply side is stable. On the demand side, downstream purchases are mainly based on demand. The market is in a game of supply and demand, and the mentality of industry players is average, with a strong atmosphere of wait-and-see in the market.

In terms of cost: The upstream methanol supply and demand drive is average, and it will continue to operate narrowly this week. In terms of supply, the overall inventory of the methanol market is currently low, and downstream demand follows suit. Subsequent prices need to continue to pay attention to macro news.

3、 Future forecast

DMF analysts from Shengyi Society believe that DMF prices have continued to rise for several days in the past few days and are currently in the stage of digestion and consolidation. It is expected that DMF will maintain its current trend in the short term.