1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, as of August 15th, the average quotation price of domestic high-quality DMF enterprises was 4090 yuan/ton, which remained stable compared to the same period last week. Currently, the price fluctuation range of DMF manufacturers is limited, and the focus of DMF market negotiations is stable, with a general purchasing atmosphere.
2、 Cause analysis
In terms of market, the reference price for spot delivery of DMF in Shandong and surrounding areas is 3950-4050 yuan/ton, the reference price for spot delivery of DMF in South China is 4200-4300 yuan/ton in Guangzhou market, the reference price for mainstream delivery of DMF in East China is 4020-4200 yuan/ton in Jiangsu, 4120-4270 yuan/ton in Zhejiang, and the current exchange rate for DMF purified water outflow from Shandong Jinkong Riyue New Materials Co., Ltd. is 3750 yuan/ton.
Upstream: Today, the methanol market in Zibo, Shandong Province negotiated a price of 2320-2326 yuan/ton to be delivered in cash. The mainstream merchants of methanol import sources in Nantong had a transaction range of 2335-2355 yuan/ton to be delivered in cash. The market price of methanol outside Xinjiang was reported as 1725 yuan/ton to be withdrawn in cash by factories, and the market price of methanol in northern Xinjiang was 1730 yuan/ton to be withdrawn in cash by factories.
3、 Future forecast
DMF analysts from Shengyi Society believe that the DMF market is expected to maintain its current trend in the short term, with limited upstream cost support and average downstream procurement demand, resulting in limited upward momentum for prices.