1. Price Trend
As of May 19, the domestic premium DMF market price showed a downward trend. The market trading atmosphere was sluggish this week, and traders faced significant pressure to ship their goods. Despite continuously lowering prices to attract customers, downstream enterprises’ willingness to purchase remained weak. Most downstream enterprises adopted a wait-and-see attitude, only purchasing small quantities as needed, resulting in a significant decrease in market transaction volume compared to last week.
2. Cause Analysis
Market Supply: This week, the operating rate of domestic DMF producers remained at a high level, with some previously shut-down units resuming production, further increasing market supply. Large enterprises generally maintained operating rates above 75%, leading to continued pressure on market supply.
Raw Material Costs: The prices of methanol and liquid ammonia, the main raw materials for DMF, fluctuated to varying degrees this week. Methanol prices, influenced by market supply and demand, initially rose and then fell, while liquid ammonia prices remained relatively stable. However, overall, the supporting effect of raw material costs on DMF prices has weakened.
Downstream Demand: Polyurethane Industry: Demand for DMF in the polyurethane industry remains weak. Insufficient orders in the end-user furniture industry and a sluggish real estate market have hampered furniture consumption growth, leading to low operating rates for polyurethane manufacturers and a significant reduction in DMF purchases. Leather Industry: The leather industry also faces difficulties. Strict environmental policies have limited production for some leather companies, reducing operating rates. Intense market competition and falling leather prices have squeezed profit margins, further suppressing demand for DMF. Electronics Industry: Demand for DMF in the electronics industry has not shown significant improvement. Rapid product updates in the electronics market and slow current market demand growth make it difficult to provide effective support for DMF demand.
3. Market Outlook
DMF prices may continue to fall in the short term. The oversupply situation in the market is unlikely to ease in the short term, and downstream demand is unlikely to improve significantly in the short term. If raw material prices continue to weaken, DMF costs will decrease further, and the price is more likely to fall.
Post time: May-20-2026