1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, as of July 28th, the average quotation price of domestic high-quality DMF enterprises was 4120 yuan/ton, a decrease of 2.37% compared to the same period last week. Currently, DMF manufacturers have lowered their prices, and the DMF market is running narrowly and weakly. The focus of negotiations is stable, and the purchasing atmosphere is average.
2、 Cause analysis
Market wise: DMF spot delivery price reference in South China: 4200-4300 yuan/ton in Guangzhou market. Currently, the focus of DMF market negotiations is declining. The mainstream delivery price reference for DMF loose water in East China region: 4000-4150 yuan/ton in Jiangsu and 4050-4200 yuan/ton in Zhejiang.
Upstream: The methanol market is operating strongly, with recent centralized maintenance of methanol facilities in Northwest and North China. Methanol companies have no inventory pressure, and currently there is not much supply in the mainland market. The methanol market is expected to maintain strong operation in the short term, with low inventory levels and a continuation of the traditional off-season demand. Overall supply and demand are flat.
3、 Future forecast
DMF analysts from Shengyi Society believe that the DMF market will maintain its current trend in the short term, and prices will remain stable in the short term.