According to data from business associations, the market of DMF fell this week, with the average price of DMF at the beginning of the week being 4500.00 yuan/ton, and the average price of DMF at the end of the week being 4416.67 yuan/ton, a decline of 1.85%. Current prices fell by 37.20% compared with last year.
II. Market Analysis
Products: DMF market fell this week, mainstream manufacturers in East China quoted between 4400 and 4600 yuan / ton, mainstream manufacturers in Guangdong at 4700 yuan / ton. The DMF plant of Tetramethylene Chemical Company stopped for maintenance on May 24. DMF stocks are abundant and prices are falling.
Industry chain: The upstream methanol market was affected by macro and port inventory. The price at the beginning of the week was 2334.00 yuan/ton, and at the end of the week was 2234.00 yuan/ton, a decline of 4.28%. The start-up rate of domestic pulp manufacturers fell, purchasing attitudes were low, and DMF prices fell.
3. Future Market Forecast
The upstream methanol market has been declining recently, but the downstream demand is general, so business associations DMF product analysts believe that the short-term DMF market is mainly weak consolidation.