1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, as of November 27th, the average quotation price of domestic high-quality DMF enterprises was 3960 yuan/ton. In November, the DMF market price operated narrowly and weakly, and the overall market negotiation focus was relatively low, with insufficient demand and slow consumption.
2、 Cause analysis
Market wise: In November, the overall demand for DMF in the market was weak, and the focus of negotiations in the market was relatively low. The overall DMF market is mainly operating in a narrow and weak range. Currently, there is a clear oversupply situation in the DMF market, and the driving force for price increases is insufficient. The delivery price of bulk water in Shandong is 3780-3900 yuan/ton, the spot price in South China is 3950-4050 yuan/ton, and the premium product quotation in Nantong, Jiangsu is 4120-4350 yuan/ton.
Supply and demand relationship: DMF is affected by overcapacity and insufficient demand, with limited room for price increase. The high inventory and low demand in the upstream methanol market further suppress the upward momentum of DMF prices.
3、 Future forecast
DMF analysts from Shengyi Society believe that DMF prices are mainly stable, with insufficient cost support and weak downstream demand for purchasing and stockpiling.