Price Trend
According to data from business associations, the market of DMF fell this week. The average price of DMF was 4766.67 yuan/ton last weekend (April 1), 4833.33 yuan/ton on the weekend (April 4), a decline of 0.69%, and the current price fell 19.44% compared with last year.
II. Market Analysis
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Products: This week, the market of DMF fell sharply. The price quoted by the mainstream manufacturers in East China ranged from 4950 to 5050 yuan per ton, while that of the mainstream manufacturers in Guangdong Province ranged from 5200 yuan per ton. Zhejiang Jiangshan Chemical Industry’s 180,000 tons/year DMF plant stopped for overhaul on January 3 and has been restarted. DMF inventory is still acceptable and prices are falling.
Industry chain: The upstream methanol market is affected by macro and port stocks. At the beginning of the week, the price is 2380.00 yuan/ton, and at the end of the week, it is 2417.00 yuan/ton, up 1.56%. The start-up rate of domestic pulp plant increased, the purchase was active, and the price of DMF fell.
3. Future Market Forecast
Upstream methanol market has improved slightly in recent days, downstream demand is still good, so business associations DMF product analysts believe that short-term DMF market consolidation is the main.
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