1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, as of August 20th, the average quotation price of domestic high-quality DMF enterprises was 4110 yuan/ton, which remained stable compared to the same period last week. Currently, the price fluctuation range of DMF manufacturers is limited, and the focus of DMF market negotiations is stable, with a general purchasing atmosphere.
2、 Cause analysis
In terms of market, the reference price for spot delivery of DMF in Shandong and surrounding areas is 3950-4100 yuan/ton, in Jiangsu and Zhejiang areas it is 4150 yuan/ton, and in South China it is 4250-4350 yuan/ton in the Guangzhou market. Currently, the DMF market is stable, and the mainstream delivery price for DMF in East China is 4100-4250 yuan/ton in Jiangsu and 4150-4300 yuan/ton in Zhejiang.
Upstream: The mainstream price of methanol in Yulin area is reported to be 2070-2070 yuan/ton in cash exchange, and the market trading atmosphere is good. Some enterprises have performed well in bidding transactions. The ex factory price of methanol in Jining refers to 2290-2290 yuan/ton in cash exchange, and the delivery price in Linyi refers to 2340 yuan/ton.
3、 Future forecast
DMF analysts from Shengyi Society believe that the DMF market is expected to maintain its current trend in the short term, with limited upstream cost support and average downstream procurement demand, resulting in limited upward momentum for prices.