1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, as of September 26th, the average quotation price of domestic high-quality DMF enterprises was 4010 yuan/ton. Compared with last week, DMF prices have remained stable with small fluctuations. Currently, the fluctuation range of DMF prices is limited, and the overall market negotiation focus is stable, with a relatively low market negotiation focus.
2、 Cause analysis
In terms of the market, the DMF market is currently operating steadily with little price fluctuation. The spot delivery price for DMF in Shandong and surrounding areas is based on 3650-3800 yuan/ton, while the price in Jiangsu and Zhejiang is 3900 yuan/ton. Currently, the DMF market is mainly operating steadily. The spot delivery price for DMF in South China is based on 4000-4050 yuan/ton in Guangzhou, with a weak and stable focus. The mainstream delivery price for DMF in East China is based on 3830-3920 yuan/ton in Jiangsu and 3880-3980 yuan/ton in Zhejiang. The DMF market is currently operating steadily.
Upstream: The upstream methanol market is mainly operating weakly. As of September 26th, the reference range for fixed price negotiations of methanol in the US dollar market is 259-264 US dollars/ton. The price of Inner Mongolia’s methanol Ordos North Line is between 2080-2100 yuan/ton, with a factory withdrawal of 10 yuan/ton at the low end. Today, the small orders for methanol imports and exports in Ningbo area were sold at a spot exchange rate of 2260-2280 yuan/ton. Currently, the overall market negotiation atmosphere is average.
3、 Future forecast
DMF analysts from Shengyi Society believe that DMF prices are expected to remain stable in the short term, with insufficient upward momentum and maintaining the current trend in price dynamics.