In 2021, DMF is a year of steady and ups and downs. The price of dmf1 at the beginning of the month is 7833.33/t, which is also the lowest price of the year. As of December 29, the price of DMF is 15900 yuan / T, and the price is almost doubled. In 2021, the price of DMF continues to rise. The annual highest point is in mid and late October, and the price reaches 18700 yuan / T, breaking the historical price of nearly 10 years, DMF increased by 102.98% in the whole year, up to 8000 yuan / ton. In 2021, DMF’s effective capacity was about 900000 tons, and the overall operating rate reached 80%.

In the first quarter, the DMF price continued to rise, from 7833.33 yuan / ton at the beginning of January to 10616.67 yuan / ton at the end of March. The overall price increased by 35.53%, reaching 2783 yuan / ton. In January, the domestic DMF market quotation was strong, and the negotiated price increased slightly. East China and North China increased in varying degrees, with an increase of about 100 yuan / ton. The reference price in East China market was 7850-8050 yuan / ton, The reference price in North China market is 8150-8250 yuan / ton, and the overall market negotiation focus is high. In February, the focus of the domestic DMF market is weak. The market wait-and-see atmosphere in South China is dominated, and there is a downward trend in East China. The prices of some manufacturers are reduced. Near the Spring Festival, the holiday atmosphere is getting stronger, and most enterprises have entered the closing work. The DMF price fell by 2.03% in early February, The decline was 200 yuan / ton. After the holiday, DMF started the upward trend in March. The focus of the domestic DMF market was high, the supply side was tight, and the inventory was low. The factory negotiated prices continued to rise. After the festival, the demand increased, and the downstream followed up actively. At the beginning of March, DMF East China market was 10000-10150 yuan / ton, and South China market was 10300-10500 yuan / ton, In late March, the price of DMF entered the high point of the roller coaster, the price of upstream methanol rose, most enterprises adjusted the price one after another, DMF followed up passively, followed by the rise until early April.

In the second quarter of April, DMF began to decline gradually from the high point of the roller coaster. In April, the market trend of DMF fluctuated. In the beginning of April, the price of DMF changed from a stable small rise to a continuous large rise. The enterprise quotation once reached 12000 yuan / ton, which is difficult to alleviate the shortage of supply. In the first ten days of April, the increase reached 8.9%, and the focus of the negotiation is rising, In late April, the price of DMF began to decline. The market price of DMF was uncertain before and after May Day. Before the festival, the price of DMF fell, from 11833.33 yuan / ton at the end of April to 11000 yuan / ton at the beginning of May. In May, the price continued its weak operation, showing a downward trend. The cost side support was general, and the overall market trend was weak and volatile.

In the third quarter, in July, DMF prices mainly operated stably. The average price quoted by enterprises was 12450.00 yuan / ton. The DMF market price was stable. Due to the excessive increase in the early stage, July was in the stage of digestion and consolidation. Compared with the same period in June, DMF prices rose by 12.84%. The overall market was still strong. DMF prices continued to operate at a high level in August. DMF manufacturers frequently raised high prices and prices continued to rise, Compared with the same period in July, the price of DMF increased by 16.51%, up to 16.51%, and the monthly increase reached nearly 2000 yuan / ton. At the end of July, the price of DMF fell slightly, and the price stabilized. The mainstream price range was about 15100 yuan / ton. In the first ten days of September, DMF maintained an upward trend, and the stable operation in the middle of September continued to the second ten days of September. The trend of DMF fell, and the downward trend ran, down 1600 yuan / ton compared with the same period in August.

The fourth quarter entered October. In the first ten days of October, the DMF market went up and the price continued to rise. The mainstream price range was 18000 yuan / ton. The supply side was tight, the procurement atmosphere was active, and the overall market was strong. The upstream methanol was in a continuous and stable state, which had little impact on DMF. In the middle of October, the DMF trend was stable, medium and strong, the price recovered slightly, and the DMF price trend declined in the second ten days of October, In November, the overall trend of DMF was downward, which was 15.43% lower than that in the same period in October, with a decline of 2700 yuan / ton. In addition to the lack of demand, DMF fell sharply in November, with great upward resistance in the market. In December, the trend of DMF was strong, and it was dominant in narrow range, which continued to the end of December and ended on December 29, In December, the overall price rose by 6%, or 900 yuan / ton. Compared with the same period in November, the price rose by 7.43%. Near the Spring Festival in 2022, the DMF market recovered again.

Upstream methanol: in the first half of the year, the upstream methanol market operated stably as a whole, the price in Guangdong increased slightly, and the cost support of DMF was stable. In February 2021, near the Spring Festival, the upstream methanol market was weak, and the market was weak as a whole. Changzhou was 2390-2410 yuan / ton, Zhangjiagang was 2400-2410 yuan / ton. There was a strong wait-and-see atmosphere, mainly in the northeast of South China, There was a slight rise in East China, the overall trend was flat, and the DMF market was weak and fell. In the second half of the year, methanol mainly operated stably in July, just needed replenishment, and the fluctuation was limited. In August, the trend of methanol rose, and the average price of production enterprises in Shandong rose from 2577 yuan / ton to 2615 yuan / ton. The methanol market in main regions mainly rose narrowly and slightly, the crude oil market rebounded, and it was difficult for coal prices to fall, In order to alleviate the cost pressure of methanol, the price of methanol rose at a constant speed and continued to be dominated by the stable operation of methanol in October.

In 2021, the price of DMF has been rising all the way. Moreover, in the middle and late October, the price of 17800 yuan / ton has set a new historical record for nearly 10 years. DMF is a universal solvent in the chemical industry. It can be seen in medicine, food, electronics and other industries, which is inseparable from our life. In 2021, the effective capacity of DMF is about 900000 tons, and the overall operating rate is 80%, It is expected that the price of DMF will increase in 2022. The Spring Festival in 2022 is approaching. At present, the price of DMF is an upward trend, the supply side is in short supply, the downstream goods are actively prepared, the procurement atmosphere is acceptable, and the price is strong. It may be maintained until the middle and early ten days of January.