Compared with the beginning of May, the average price of DMF fell by 71.00% in the same period of last week, and the average price of DMF fell by 17.00% in the domestic market as of the beginning of May.
The domestic DMF market price fell sharply this week, with some manufacturers falling nearly 2000 yuan / ton per day. At present, the slow shipment and the reduction of new orders lead to high inventory pressure, dull purchasing atmosphere, normal operation of enterprises’ devices, and reduction of downstream demand. The focus of DMF market is not stable, and the price still fails to reach the ideal price in the downstream, so it is not ruled out to continue to decline There are some difficulties in high-level transaction.
The upstream methanol inventory is general, the shipment is fair, the mentality is stable, and the price is tentatively rising. At present, East China and South China have a small rise, and the price in Northeast China is stable.
On November 3, the chemical index was 806 points, up 3 points compared with yesterday, 20.67% lower than 1016 points (2012-03-13), and 34.78% higher than 598 points, the lowest point on April 8, 2020. (Note: period refers to 2011-12-01 to now)
DMF analysts believe that: the DMF market is currently running in a weak position, with a wide range of decline, and maintaining a downward 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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