1、 Price trend
| PVA 1799 (PVA BF17) |
According to data monitored by the Business Society, as of November 21, the average price quoted by domestic premium DMF enterprises was 4725 yuan/ton. Recently, DMF prices have remained stable and strong, with prices rising by 1.34% compared to the same period last week. Currently, the mainstream price is around 4700 yuan/ton.
2、 Cause analysis
Recently, the overall market price of DMF has shown an upward trend, with a price increase of 1.34% compared to the same period last week. Currently, the mainstream price range is 4700.00 yuan/ton, and the upstream methanol trend is weak, with weak support for the DMF cost side. Methanol has shown a downward trend this week, lacking positive support. The downstream procurement atmosphere is still good, and procurement is positive. Currently, manufacturers have smooth shipments, and they have given up profits and taken orders. However, the momentum for the later rise is insufficient, mainly focusing on stable operation.
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Chemical Index: On November 20th, the chemical index stood at 867 points, an increase of 1 point compared to yesterday, a decrease of 38.07% from the cycle’s highest point of 1400 points (2021-10-23), and an increase of 44.98% from the lowest point of 598 points on April 8th, 2020. (Note: The cycle refers to the period from December 1st, 2011 to the present).
3、 Future Market Forecast
DMF analysts from Business Society believe that the trend of upstream methanol is weak, with insufficient support on the cost side. The downstream procurement atmosphere is average, with on-demand replenishment being the main focus. DMF lacks momentum for later growth and mainly maintains stable operation.
| PVA |