Price trend
According to the data monitored by SunSirs, as of March 10, the average price of domestic premium DMF quotations was 10,300.00 RMB/ton. The domestic DMF price was running smoothly, and the overall trend was running smoothly, which was an increase of 0.65% compared with the same period last week, and an increase of 6.55% compared with the same period last month. The negotiation atmosphere is flat, and the current shipments are smooth and the supply is normal.
Analysis review
The focus of the domestic DMF market is stable, the price remains high, the overall market is running smoothly, the factory negotiated prices are high, the downstream demand is not good, and the negotiation is the focus. The overall upstream methanol market is stable. The current reference price of DMF is 10,300-10,450 RMB/ton in the East China market and in South China market is 10,550-10,650 RMB/ton.
On March 9, the chemical index was 1045 points, an increase of 7 points from previous day, setting a new historical high in the cycle, and an increase of 74.75% from the lowest point of 598 points on April 8, 2020. (Note: Period refers to 2011-12-01 to present)
Market outlook
The DMF analyst of SunSirs believes that in the short term, the focus of negotiations is weak and the rise will slow down. The downstream demand is insufficient, it does not rule out the possibility of price reductions.
