Price trend
According to the data monitored by SunSirs, as of May 26, the average price of domestic premium DMF companies' quotations was 10,700.00 RMB/ton. The overall market was operating weakly, maintaining the previous trend in the short term, the focus of negotiation wa stable, and downstream demand was weak.
Analysis review
The market had a strong wait-and-see atmosphere, and the willingness to stock up was not strong. The replenishment was mainly based on rigid demand. The cost side support was generally weak, the overall market trend was weak and the number of transactions was limited. Most transactions were contract customers. The DMF price in the East China market was 10,700-10,900 RMB/ton, and the DMF price in the South China market was 11,100-11,200 RMB/ton.
The upstream methanol trend was stable. The mainstream price of methanol in central Shandong was 2,470-2,500 RMB/ton. The transaction situation was average. The factory quotations of enterprises in southern Shandong were lowered by 90 RMB/ton to 2,570 RMB/ton. The local methanol in Linyi was 2,540-2,560 RMB/ton, and the purchases of downstream were just on demand, and many industry players were waiting and seeing. The ex-factory quotations of enterprises in the eastern and central areas of Shandong were partially lowered by 80 RMB/ton to around 2,720-2,800 RMB/ton.
Methanol Commodity Index: On May 25, the methanol commodity index was 92.21, an increase of 0.26 points from previous day, a decrease of 27.58% from the highest point in the cycle of 127.32 points (2013-12-11), and an increase of 67.35% from the lowest point of 55.10 on April 1, 2020. (Note: Period refers to 2011-09-01 to present)
Market outlook
SunSirs DMF analysts believe that the DMF market is expected to remain weak and fluctuate within a narrow range in the short term.
