Dimethylformamide (DMF) Price in China

China: 683 USD/MT

In China, the dimethylformamide (DMF) prices experienced a decline in Q4 of 2023, primarily due to an oversupply amid low demand. Stability was observed in December, attributed to the uninterrupted operations within the supply chain. The closing price for DMF in China stood at 683 USD/MT in December.

The latest report by IMARC Group, titled "Dimethylformamide Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of the Dimethylformamide Prices. This report delves into the price of Dimethylformamide globally, presenting a detailed analysis, along with informative Price Chart. Through comprehensive Price analysis, the report sheds light on the key factors influencing these trend. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the Demand, analyzing how it impacts Industry dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders

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The study delves into the factors affecting dimethylformamide (DMF) price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.

The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.

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Dimethylformamide (DMF) Price Trend- Last Quarter

Due to a combination of variables, the Dimethylformamide (DMF) market saw varying dynamics in different regions in the quarter ended December 2023. Due to rising freight costs, tensions in foreign markets impacting feedstock pricing, and increasing manufacturing and utility expenses, the market saw an initial price increase in North America. Increased freight costs, especially those brought on by geopolitical unrest and logistical obstacles like the Panama Canal problem, had a big effect on US market pricing.

Furthermore, shifting levels of industrial activity were reflected by the PMI (Purchasing Managers' Index), which in turn affected DMF manufacturing costs and demand. In spite of these factors, a slowdown was seen in December, which was ascribed to excessive stock levels and muted demand. As a result, market participants resorted to destocking tactics, which in turn caused a drop in downstream consumer mood and a reduction in DMF prices.

Dimethylformamide (DMF) Industry Analysis

The dynamics of the Dimethylformamide (DMF) market were heavily impacted by local industrial and economic variables in December 2023. The market in the Asia-Pacific (APAC) area had a negative trend, supported by an excess of DMF and a lack of demand, especially from important industries like adhesives and textiles. Due to this mismatch, the market was both steady and under pressure, with little interruptions to supply chain operations and moderate to low demand for DMF.

Due to an abundance of equities and a bad market environment, purchasers chose a cautious approach that subdued transaction dynamics. Discounts were forced on sellers in order to encourage sales, which was indicative of a cautious attitude in the market. The large price fall, which represents a noteworthy percentage decline in comparison to the previous quarter and year, highlights the difficulties encountered in the Asia-Pacific area, especially in China, where the FOB-Nanjing price of DMF saw a major dip.

During the same era, the DMF market in Europe had mixed results, with an initial price increase owing to rising raw material costs, particularly methylamine. Macroeconomic concerns, such as shifting inflation rates and geopolitical dangers affecting the industry's overall demand and cost structures, further muddied the mood of the market.

Despite these obstacles, the oversupply issue made worse by China's dumping impact led to a price fall in the DMF market in Europe, especially in Germany, towards the end of December.
In a market where there was sufficient inventory availability, suppliers struggled with high stock levels, which resulted in price reductions. The intricate interaction of supply and demand variables, cost pressures, and macroeconomic circumstances driving the DMF market as of December 2023 is highlighted by the various market dynamics across these regions.

Regional Price Analysis:

Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco

Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

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