1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, as of November 22, the average quotation price of domestic high-quality DMF enterprises is 4000 yuan/ton. Currently, the DMF market has overcapacity, insufficient downstream demand, 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, with insufficient support from the upstream cost side, insufficient demand from the downstream polyurethane and textile industries, slow shipments, overall market inventory running at a high level, insufficient industry demand, and declining export volume.
Supply and demand relationship: The upstream methanol market in November showed a state of high inventory and high supply, with decreasing demand and declining prices. The supply side remained at a high level, leading to a significant oversupply situation and difficulty in price increases.
3、 Future forecast
DMF analysts from Shengyi Society believe that there is insufficient driving force for DMF price increases, and in the short term, the current trend will be maintained, with stable price operation being the main focus.