1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, as of August 25th, 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
Market wise: DMF spot delivery price reference in the South China region: 4250-4350 yuan/ton in the Guangzhou market, with a stable focus. DMF bulk delivery price reference in the East China region: 4100-4300 yuan/ton in Jiangsu and 4150-4350 yuan/ton in Zhejiang. DMF bulk delivery price reference in the Shandong and North China markets: 3950-4150 yuan/ton.
Upstream: The market price of methanol in Xuzhou is based on the factory withdrawal of 2310-2320 yuan/ton, with a focus on contract execution in the early stage and market observation. The transaction price of domestically produced methanol in Changzhou is based on 2330 yuan/ton, and the market price of methanol in Xuzhou is based on the factory withdrawal of 2310-2320 yuan/ton. The contract execution in the early stage is mainly based on market observation.
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 insufficient upstream cost support, weak downstream demand, and limited price upward momentum.