1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, as of August 29th, the average quotation price of domestic high-quality DMF enterprises was 4110 yuan/ton, a decrease of 0.24% compared to the same period last month. Currently, DMF manufacturers are mainly operating steadily, with a narrow and weak trend. The DMF market is currently operating narrowly and weakly, with a stable focus on negotiations and a general purchasing atmosphere.
2、 Cause analysis
In terms of the market, the DMF market as a whole operated weakly in August, with a narrow downward trend in prices and insufficient driving force for price increases. Currently, the DMF market is mainly operating steadily.
Upstream: The price of methanol in the upstream market has remained stable with small fluctuations. As of August 29th, the price of methanol in Sinopec Great Wall has been reported as 1950 yuan/ton, and the 600000 ton/year methanol plant is currently operating at full capacity. Qinghai Zhonghao Methanol has no quotation at the moment. The 600000 ton/year natural gas to methanol plant has been shut down since October 23, 2024, and the restart time is uncertain. The ex factory price of methanol in Jining is based on the reference of 2260-2260 yuan/ton in cash withdrawal from the factory, and the price for Linyi delivery is based on 2320 yuan/ton. The 250000 ton/year coke oven gas to methanol plant in Shanxi Junjie (Jinhui) is stable
3、 Future forecast
DMF analysts from Shengyi Society believe that in the short term, the DMF market will mainly maintain stable prices, with insufficient support from the upstream cost side and downstream replenishment based on demand. The overall market operation is cautious.