1、 Price trend
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According to data monitored by Shengyi Society, as of January 23, the average price quoted by domestic high-quality DMF enterprises was 4260 yuan/ton. DMF prices have remained stable this week, with little fluctuation compared to the same period last week.
2、 Market analysis
This week, DMF prices have remained stable and are approaching the end of the year. Downstream demand for DMF is not high, and rigid procurement is the main focus. Currently, companies are gradually shutting down production, and market prices remain stable.
In terms of cost: Since December, the spot market price of methanol in Henan has fluctuated, with a price range of 2300-2450 yuan per ton. Currently, the economy of traditional downstream industries is poor, and the market atmosphere in January is bearish. Traders mainly focus on clearing inventory, and their willingness to stockpile is not obvious.
3、 Future forecast
DMF analysts from Shengyi Society believe that in the short term, the DMF market will mainly operate steadily.
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