Price Trend

According to data from business associations, the market of DMF rose this week, with the average price of DMF at the beginning of the week at 4433.33 yuan/ton, and the average price of DMF at the end of the week at 4500.00 yuan/ton, an increase of 3.85%. Current prices are down 36.02% from last year.

II. Market Analysis

Products: DMF market rose this week. By the end of the weekend, mainstream manufacturers in East China had quoted 4700-4800 yuan/ton and mainstream manufacturers in Guangdong had quoted 4900 yuan/ton. Henan Junhua 30,000 tons/year plant parking overhaul has been restarted. The 100,000 tons/year DMF plant in Shandong Luxi Chemical Industry stopped for maintenance on August 14. Anyang was suddenly suspended for nine days under the influence of environmental protection inspection. DMF inventory declined. The prices of Hualu Hengsheng, Shanxi Xinghua Chemical Industry and Shanxi Xinghua Chemical Industry rose, and the prices of DMF rose.

Industry chain: The upstream methanol market is affected by high port inventory, and the actual demand is difficult to digest in a short time. The price at the beginning of the week is 2226.00 yuan/ton, and at the end of the week is 2190.00 yuan/ton, a decline of 1.58%. Domestic slurry manufacturers have a general start-up rate, but DMF stocks are limited. Even if downstream slurry manufacturers just need to purchase, DMF prices are still rising.

3. Future Market Forecast

The upstream methanol market has recently fallen under the pressure of port stocks. The downstream pulp enterprises are affected by long-term policies such as environmental protection to maintain just in need of purchasing. The price rise caused by this inventory reduction continues to be difficult. Therefore, the DMF product analysts of business associations believe that short-term DMF market consolidation is the main factor.