1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, as of October 27th, the average quotation price of domestic high-quality DMF enterprises was 4000 yuan/ton, with a slight decline compared to the same period last week. Currently, the focus of negotiations is stable but weak, and the focus of negotiations is relatively low.
2、 Cause analysis
Market wise: The mainstream delivery price for scattered water in East China is 3880-4030 yuan/ton in Jiangsu and 4000-4100 yuan/ton in Zhejiang; Some manufacturers in Shandong have quoted prices ranging from 3400 to 3600 yuan/ton. In the fourth quarter, the DMF market continued to hover at a low level, and the contradiction of oversupply persisted. Downstream demand was not fully released, and many operators held a wait-and-see attitude.
Supply and demand relationship: Currently, the domestic DMF production capacity is in a state of overcapacity, downstream demand is weak, and the phenomenon of “not thriving during peak seasons” continues to exist. Exports have also declined. Although there is demand for high-quality DMF in the electronics sector, the consumption base is relatively low, making it difficult to drive overall market demand.
3、 Future forecast
DMF analysts from Shengyi Society believe that under the background of overcapacity, the behavior of controlling production and raising prices has become normalized, and the fluctuation range of prices is limited. It is expected that the stable DMF price will operate weakly.