Price Trend
According to data from business associations, the market of DMF was stable this week. The average price of DMF this week was 4566.67 yuan/ton, and the current price fell 32.51% compared with last year.
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II. Market Analysis
Products: DMF market is stable this week, mainstream manufacturers in East China quoted 4600-4725 yuan/ton, mainstream manufacturers in Guangdong at 4800 yuan/ton. The 120,000-ton/year DMF device stopped for overhaul on the evening of July 2. The overhaul time is about 17 days. The 30,000-ton/year device stopped for overhaul on June 13. The overhaul time is about 25 days. DMF has sufficient inventory and stable price.
Industry chain: The upstream methanol market was affected by macro and port inventory. The price at the beginning of the week was 2178.00 yuan/ton, and at the end of the week was 2160.00 yuan/ton, a decline of 0.81%. Domestic slurry manufacturer equipment start-up rate is general, maintain just need to purchase, DMF price is stable.
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3. Future Market Forecast
Upstream methanol market has been declining recently, downstream demand is general, so business associations DMF product analysts believe that short-term DMF market is mainly weak consolidation.
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