1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, as of July 25th, the average quotation price of domestic high-quality DMF enterprises was 4140 yuan/ton, a decrease of 2.53% compared to the same period last week. Currently, DMF manufacturers are under pressure, and the overall DMF market surged and fell in July. Currently, inventory is operating normally without pressure, and the mentality of operators is stable, with cautious operations and a strong wait-and-see atmosphere.
2、 Cause analysis
Market wise: In July, some DMF companies conducted equipment maintenance, and it is expected that the overall supply of DMF will decrease in August.
Upstream: The average market price of upstream methanol in the first half of the year was not ideal, lower than the same period last year. Due to macroeconomic policies, fluctuations in crude oil, and sudden market fluctuations, methanol prices were affected. It is expected that the fundamentals of the methanol market will increase and limit in August, with average demand, and the market will mainly maintain its current state.
3、 Future forecast
DMF analysts from Shengyi Society believe that DMF prices surged in early July, digesting the previous increase in prices. At the end of July, the DMF market mainly operated weakly, and the price fluctuation range was limited in the short term.