Poor downstream demand, DMF market price decline

According to the data monitored by the business club, as of February 8, the average quotation price of domestic premium DMF enterprises was 9666.67 yuan / ton, while the domestic DMF market price in East China was widely reduced. The atmosphere of on-site trading was cold, the downstream demand was flat, the shipment was slow, and the operation rate remained normal. At present, the supply side was sufficient, and the mainstream price range of manufacturers was 9000-10000 yuan / ton.

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The focus of domestic DMF market is weak, the market in South China is mainly wait-and-see, and there is a downward trend in East China. The prices of some manufacturers are down, and the holiday atmosphere is getting stronger. Most enterprises have entered the finishing work, and individual plants will continue to the Spring Festival. The upstream methanol market is weak, and the overall market mentality is acceptable, with Changzhou 2390-2410 yuan / ton, Zhangjiagang reference 2400-2410 yuan / ton, strong wait-and-see atmosphere, South China and Northeast China mainly stable, East China has a slight rise. The overall trend is flat.

 

Manufacturer / region: Quotation (yuan / ton) date

Hualu Hengsheng DMF 9000 February 8

Luxi Chemical Co., Ltd.? DMF 9500 February 8

Jinmei Riyue, DMF 10500 February 8

Junhua City, Henan Province

On February 7, the DMF commodity index was 161.75, unchanged from yesterday, down 18.23% from 197.81 (2020-11-03), the highest point in the cycle, and up 140.66% from 67.21, the lowest point on February 21, 2016. (Note: period refers to the period from September 1, 2011 to now)

 

Business agency DMF analysts believe: near the Spring Festival holiday, DMF market remains weak operation, after the festival will heat up, but the rise is limited.

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