According to data from business associations, the market of Shandong DMF rose this week, with the average price of DMF at the beginning of the week being 4600.00 yuan/ton, and the average price of DMF at the end of the week being 4633.33 yuan/ton, an increase of 0.72%. Current prices are down 37.10% from last year.
II. Market Analysis
Products: DMF market rose this week. By the end of the weekend, mainstream manufacturers in East China offered 5100-5200 yuan/ton, mainstream manufacturers in Guangdong offered 5300 yuan/ton and mainstream manufacturers in Shandong offered 4800 yuan/ton. Henan Junhua 30,000 tons/year plant parking overhaul has been restarted. The 100,000 tons/year DMF plant in Luxi Chemical Industry of Shandong Province stopped for maintenance on August 14 and restarted in the first ten days of October. Shaanxi Yanxinghua DMF plant with annual output of 100,000 tons/year suddenly stopped for overhaul, and the restart time is unknown. DMF inventory declined, the major DMF manufacturers have a positive mentality, have increased prices, double-positive, DMF prices rose.
Industry chain: The price of methanol in the upstream has risen, which is influenced by the recent surge in crude oil, methanol futures and the expectation of methanol to olefin production. In line with the downstream stockpiling before National Day, the atmosphere of methanol market delivery is positive, the mainland enterprises shipped smoothly, and the focus of market negotiation is constantly rising. At the beginning of the week, the price was 2098.00 yuan/ton, and at the end of the week, it was 2190.00 yuan/ton, an increase of 4.39%. The start-up rate of domestic pulp plant was increased by the influence of the peak season, and the purchase was positive, and the price of DMF increased.
3. Future Market Forecast
Recently, the upstream methanol market has been affected by inventory reduction. The downstream slurry enterprises just need to be upgraded due to the peak season of Jinshi Yinshi market. Therefore, DMF product analysts of business associations believe that short-term DMF market consolidation is mainly upward.