According to data from business associations, the market of DMF has been stable this week. The average price of DMF this week is 4433.33 yuan/ton. The current price is 36.59% lower than that of last year.
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II. Market Analysis
Products: DMF market is stable this week, mainstream manufacturers in East China quote between 4450 and 4550 yuan per ton, mainstream manufacturers in Guangdong at 4600 yuan per ton. The annual output of Junhua DMF plant in Henan Province is 30,000 tons per year. The restart time is expected to be around this weekend. Anyang nine-day 120,000 tons/year DMF plant stopped for overhaul on the evening of July 2. The overhaul time was about 17 days, and it has been restarted; 30,000 tons/year plant stopped for overhaul on June 13. Shandong Jincheng Coal Daily 12,000 tons/year DMF plant load 70%. DMF has sufficient inventory and stable price.
Industry Chain: Upstream methanol is boosted by plant overhaul and olefin extraction. Demand for terminal and trade replenishment is rising, which affects the market. The price at the beginning of the week is 2022.00 yuan/ton, and at the end of the week is 2106.00 yuan/ton, up by 4.17%. Domestic slurry manufacturer equipment start-up rate is general, maintain just need to purchase, DMF price is stable.
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3. Future Market Forecast
The upstream methanol market has rebounded recently due to the increase of overhaul facilities and the speculation of traders. The downstream slurry enterprises are generally affected by long-term policies such as environmental protection. Therefore, the DMF product analysts of business associations believe that the short-term DMF market is mainly weak consolidation.