1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, as of June 9th, the average quotation price of domestic high-quality DMF enterprises was 4080 yuan/ton. In June, the domestic DMF market remained stable, with downstream entering the off-season and demand continuing to decline. The focus of negotiations remained low, and there was a lack of good news. The market was calm, and the mentality of operators was stable, with a strong wait-and-see atmosphere and cautious operations. Profits fell and weak stability was digested.
2、 Cause analysis
Cost: Today’s methanol market is mainly stable, with inventory at a low level and relatively firm prices. Last week, the methanol market was mainly strong, with the methanol market at the bottom price. Traders’ willingness to hold goods was strengthened. The industry has an obvious attitude of boosting, positive attitude, increased gas buying on the market, and increased the number of traders’ orders. At present, the traditional downstream has entered the high temperature season, and there is a significant lack of demand. Port: After the Loong Boat Festival holiday, the information about ship age restrictions supports the market trend, port prices continue to rise, spot talks have improved, recent arrival is concentrated in the port, and inventory has accumulated.
In terms of demand: Recently, the DMF market demand has been poor, and the overall market is weak with a wait-and-see attitude. This week, the operating rate of enterprises has remained stable, and there has been no news of new device maintenance. Currently, the overall inventory is running at a high level, and the supply of spot goods exceeds the demand. The pressure on the demand side is high, and it is difficult to alleviate in the short term. The wait-and-see atmosphere is obvious, and prices are fluctuating weakly. In terms of market mentality, the supply and demand are deadlocked. Business operators have a general mentality in the future and.
In terms of inventory: Since June, the DMF market has entered a traditional off-season, with gradually accumulating inventory and high inventory pressure. The inventory is high, but there is sufficient stock available. There has been no significant improvement in demand, and the overall market is weak and stable, with a state of supply-demand competition and slow inventory digestion.
3、 Future forecast
DMF analysts from Shengyi Society believe that the DMF market has entered a low season, with little positive news. The overall market is in a quiet and wait-and-see state, and currently the market is maintaining a weak and stable operation, with weak and stable digestion being the main focus.