Price trend
According to the data monitored by SunSirs, as of March 30, the average price of domestic premium DMF companies was 10,616.67 RMB/ton. The domestic DMF market price was stable with a rise, the overall trend rose, and the focus of negotiations was high. It increased by 3.41% compared with the same period last week, and the price increased by 3.75% compared with the same period last month. The downstream mentality fluctuated greatly and mainly purchased on just-needed.
Analysis review
As of the 30th, the domestic DMF market was mainly operating at a high level, and the market price continued to rise. The downstream wait-and-see atmosphere was strong, the transaction atmosphere was cautious
Upstream methanol prices rose, and most companies adjusted their prices one after another by up 30-50 RMB/ton. Mainstream manufacturer prices, Yankuang Guohong methanol quotation increased by 50 RMB/ton to 2,260 RMB/ton, Shandong Rongxin methanol quotation increased by 30 RMB/ton to 2,280 RMB/ton, and Xinneng Phoenix methanol quotation increased by 30 RMB/ton to 2,330 RMB/ton. The increase in the price of methanol formed a certain support for the cost of DMF. The current reference price of DMF was 10,800-10,900 RMB/ton in the East China market and 1,1000-11200 RMB/ton in the South China market.
Market outlook
The DMF analyst of SunSirs believes that the DMF is expected to maintain a steady and rising operation in the short term, and the factory has a mentality to deliver goods at a high price.
