1、 Price trend

According to data monitored by Business Society, as of January 14th, the average quotation price of domestic high-quality DMF enterprises was 4260 yuan/ton. Recently, DMF prices have been mainly strong, with a narrow upward trend, and the overall market supply and demand are balanced.

2、 Market analysis

DMF prices remain stable and are approaching the end of the year. Downstream demand for DMF is average, and the overall market is running slowly, with rigid procurement as the main focus and high inventory levels. The overall market is mainly fluctuating, with a slight shift in focus.

In terms of cost, there is a clear contradiction between methanol supply and demand, with methanol prices operating in a narrow and strong range, resulting in an increase in operating rates. Downstream losses have intensified, and the load of methanol plants has been affected. The decline in international methanol supply has driven up domestic methanol prices, resulting in sluggish downstream consumption of methanol and slow overall market output.

3、 Future forecast

DMF analysts from Shengyi Society believe that the DMF market is expected to operate narrowly and strongly in the short term, with limited upward potential.