1、 Price trend
According to data monitored by Shengyi Society, as of December 18th, the average price quoted by domestic high-quality DMF enterprises was 4250 yuan/ton. Today, the overall DMF market is operating steadily, with prices remaining stable this week.
2、 Market analysis
This week, DMF has been consolidated in a narrow range, with prices remaining stable. The mainstream price for most enterprises is around 4300 yuan/ton. Currently, the supply side is stable, with average demand for procurement and downstream entry into the market according to demand. The overall market transaction atmosphere is average, and spot inventory is average. Merchants are cautious in their operations.
In terms of cost, the upstream methanol prices are mainly running weakly, the market trading atmosphere is flat, and the downstream on-demand procurement trend is mainly stable. The methanol market in Shanxi region is running steadily, and the enterprise inventory is running at a low level. The methanol market in Hebei region is running steadily, and enterprises are actively shipping. Due to the increase in rainy and snowy weather during the season, in order to avoid inventory backlog and increase inventory pressure, methanol enterprises mainly rely on discounts and orders.
3、 Future forecast
DMF analysts from Shengyi Society believe that the current momentum for DM price increases is insufficient, and downstream market demand is limited. It is expected that the DMF market will maintain its current trend in the short term.
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