China’s domestic DMF market price keeps rising at a high level

According to the data monitored by the business agency, as of October 22, the average price quoted by domestic premium DMF enterprises was 8600 yuan / ton. The price of domestic DMF market continued to grow, with a strong upward trend, and the price continued to rise. Compared with the same period last month, the price increased by 22.27%, 16.74% compared with the beginning of October, and the overall increase was more than 1000 yuan / ton.

 

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This week, the domestic DMF market price increased by more than 1000 yuan in the short term, the downstream demand increased, just needed to replenish, the manufacturers shipped smoothly, at present, the inventory is not under pressure, and the device is in normal operation. At present, the overall DMF market has a strong upward trend, the focus of negotiation moves upward, and the buying mentality drives the price to continue to rise. As of October 22, Luxi Chemical Industry quoted 9000 yuan / ton, Hualu Hengsheng 8000 yuan/ It is 9200 yuan / ton in Xinghua of Shaanxi Province, 8900-9300 yuan / ton in East China market and 9200-9400 yuan / ton in South China market.

 

Methanol in the upstream is mainly stable, with general transaction atmosphere, no pressure on inventory and narrow range sorting.

 

The chemical index on October 21 was 767 points, up 3 points compared with yesterday, 24.51% lower than 1016 points (2012-03-13), and 28.26% higher than 598 points, the lowest point on April 8, 2020. (Note: period refers to 2011-12-01 to now)

 

DMF analysts believe that: DMF market is currently running at a high level, with strong upward momentum and maintaining an upward trend in the short term. (the above prices are provided by major DMF manufacturers all over the country and analyzed by business DMF analysts for reference only. Please contact relevant manufacturers for more price details.)

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