Just need to replenish the supply is tight, DMF soared 100% in two months
On October 28, the mainstream domestic dimethylformamide (DMF) quotation was 10,500 CNY/ton, and the quotation doubled in less than 2 months.
Industry analysts believe that the downstream demand for DMF has increased, and replenishment is just needed. The current spot supply is tight and the buying atmosphere is strong, and the factory further pushes up prices. The DMF market is currently operating at a high level, and the upward momentum is strong. It is expected to maintain an upward trend in the short term.
Xinghua Co., Ltd. is one of the major DMF manufacturers in my country, and currently has a production capacity of 100,000 tons; Hualu Hengsheng is the leader in the domestic DMF industry, and its production capacity will be expanded to 330,000 tons.
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