According to data monitored by Business Society, as of February 29th, the average price quoted by domestic premium DMF enterprises was 4587.5 yuan/ton. This week, DMF prices were mainly weak, with a narrow downward trend. Currently, the mainstream price is around 4600 yuan/ton, and the overall market supply and demand is balanced. Enterprises mainly offer discounts and take orders, with smooth logistics and stable operating rates.

This week, the overall DMF market is mainly weak and downward, with a narrow decline of 1.34% compared to the same period last week. Currently, the mainstream price range is 4600.00 yuan/ton, and manufacturer quotations have declined. Recently, the demand for upstream methanol market has improved, with stable to strong fluctuations, and the synthetic ammonia market has also shown a trend of adjustment. Currently, the cost side of DMF is slightly supported, and the downward space is limited. It will continue to operate steadily in the near future. Downstream enterprises need to purchase and operate, The transaction atmosphere is slightly dull, and currently the overall market supply and demand balance is the main focus.

Chemical index: On February 28, the chemical index was 869 points, a decrease of 1 point from yesterday, a decrease of 37.93% from the highest point of 1400 points in the cycle (2021-10-23), and an increase of 45.32% from the lowest point of 598 points on April 8, 2020. (Note: The cycle refers to 2011-12-01 present).

Business Society DMF analysts believe that in the short term, the DMF market will maintain a stable, moderate, and weak operation, with prices remaining around 4600 yuan/ton, and limited room for price increase.