1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, as of November 25th, the average quotation price of domestic high-quality DMF enterprises was 4000 yuan/ton. Currently, the DMF market has overcapacity, and the overall market negotiation focus is relatively low. Downstream demand is running slowly, and the overall market price is mainly stable and weak. The upstream cost support is insufficient, and the price increase space is limited.
2、 Cause analysis
Market wise: Currently, the demand for DMF in the market is weak, and the overall market negotiation focus is relatively low. The reference price for DMF spot delivery in the South China region is 3950-4050 yuan/ton in the Guangzhou market, 3780-3900 yuan/ton in Shandong and surrounding areas, and 3780-3900 yuan/ton in the Shandong and North China markets. Currently, the overall DMF market is mainly operating in a narrow range.
Supply and demand relationship: The overall methanol market is mainly stable, with high inventory and high supply, a trend of declining demand and prices, and a sustained high supply side, resulting in a significant oversupply situation and difficulty in price increases.
3、 Future forecast
DMF analysts from Shengyi Society believe that the current DMF price increase lacks momentum, inventory is running at a high level, and the current trend will be maintained in the short term.
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