Market Analysis - Monthly Report - September, 2020 - Fine Chemical

Looking at the market outlook, October is still the traditional peakseason, the market mentality is still optimistic, the downstream or thewillingness to replenish the stock after the festival, and the market still hasa bullish sentiment.

At present, the supplier’s inventory is no pressure, and there is no shortage of subsequent increases in expectations. However, the downstream market after this round of market. The demand is expected to be overdrawn in advance, and later buying may gradually weaken. The supply-demand game is rare. It is expected that the market may have further upward prospects in October, but the downward trend in the downstream situation may be difficult to increase.

On the whole, the tight supply of DMF will be eased with the resumptionof the preliminary maintenance equipment and the release of new productioncapacity. In October, downstream demand is still recovering slowly, and thepressure on supply and demand may not be large. It is expected that the marketmay have a high and narrow correction.