Sunsir: The DMF market was weak in July

According to the data monitored by SunSirs, as of July 29, the average price quoted by domestic high-quality DMF companies was 11,250.00 yuan/ton. 11250/ton, the overall price in July is mainly weak, and the mainstream price range is 10500 yuan/ton.

From the first ten days of July to July 12, the domestic DMF price has been running smoothly. The current mainstream price range is 10,500-11,000 yuan/ton. The logistics is smooth. Manufacturer’s latest quotation: Jinan Qichen Chemical Co., Ltd. 12700 yuan / ton, Shandong Zhiying New Material Co., Ltd. 10700 yuan / ton, Jinan Hengtong Chemical Co., Ltd. 10700 yuan / ton, Jinan Jutai Chemical Co., Ltd. 10700 yuan / ton, Shandong Cheng Ze Chemical Co., Ltd. 10800 yuan / ton.

Upstream Methanol: On July 11, the average price of the domestic methanol market was 2397 yuan/ton, a decrease of 2.80% from the previous trading day and a year-on-year decrease of 5.33%. On July 11, the methanol futures of Zhengzhou Commodity Exchange fluctuated weakly. The main contract MA2209 closed at 2401 yuan/ton in late trading, down 84 yuan/ton or 5.40% from the closing price of the previous trading day, leading the decline in the futures commodity market on that day. In terms of spot goods, at present, the supply of methanol is abundant, and the demand is relatively sluggish, so it is difficult to have a significant expansion in the short term. In the short term, the domestic methanol market will continue to be depressed.

From mid-July to July 19, the domestic DMF price has been running smoothly. The current mainstream price range is 11,000-12,000 yuan/ton. The logistics is smooth. Manufacturer’s latest quotation: Jinan Qichen Chemical Co., Ltd. 12700 yuan / ton, Shandong Zhiying New Material Co., Ltd. 10700 yuan / ton, Jinan Hengtong Chemical Co., Ltd. 10700 yuan / ton, Jinan Jutai Chemical Co., Ltd. 10700 yuan / ton, Shandong Cheng Ze Chemical Co., Ltd. 10800 yuan / ton.

Upstream Methanol: The domestic methanol market is sluggish and the decline is slowing down. The price of goods received in the northern Shandong area of ​​the main terminal market fell simultaneously, and the inventory of raw materials in local downstream factories was high, and the phenomenon of crushing cars was serious.

From late July to July 19, the domestic DMF price has been running smoothly. The current mainstream price range is 11,000-12,000 yuan/ton. The logistics is smooth. Manufacturer’s latest quotation: Jinan Qichen Chemical Co., Ltd. 12700 yuan / ton, Shandong Zhiying New Material Co., Ltd. 10700 yuan / ton, Jinan Hengtong Chemical Co., Ltd. 10700 yuan / ton, Jinan Jutai Chemical Co., Ltd. 10700 yuan / ton, Shandong Cheng Ze Chemical Co., Ltd. 10800 yuan / ton.

Chemical Commodity Index: On July 28, the chemical index was 996 points, a decrease of 3 points from yesterday, and a decrease of 28.86% from the highest point in the cycle of 1400 points (2021-10-23), compared with April 08, 2020 The lowest point of 598 points rose 66.56%. (Note: The cycle refers to 2011-12-01 to the present).

SunSir DMF analysts believe that the DMF market is expected to operate mainly in a stable manner in August, with a relatively strong operation in a narrow range. (If you want to know more about the latest market trends in the industry chain, please follow Sunsir’s official account to obtain product information and grasp product prices)