Dimethylformamide (DMF) Price Trend, Index, Chart, Monitor, Growth and Analysis

Dimethylformamide (DMF) Price in China

China: 683 USD/MT

In Q4 of 2023, the DMF market in China saw a decrease largely caused by oversupply amidst weak demand. Stability in December was maintained thanks to continuous operations throughout the supply chain.

The price of Dimethylformamide (DMF) market has witnessed varied dynamics across different regions in the quarter ending December 2023, driven by a confluence of factors. In North America, the market experienced an initial price increase due to increased freight costs, tensions in international markets affecting feedstock prices, and higher production and utility costs. The heightened freight charges, particularly influenced by geopolitical tensions and logistical challenges such as the Panama Canal issue, significantly impacted the cost structure within the US market. Additionally, the fluctuating Industrial Purchasing Managers' Index (PMI) indicated varying industrial activity levels, ultimately affecting demand and production costs for DMF. Despite these pressures, a downturn was observed in December, attributed to high stock levels and subdued demand, leading to a decrease in DMF prices as market participants adopted destocking strategies and faced a decline in downstream consumer sentiment.

The global dimethylformamide (DMF) market size reached US$ 2.2 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 3 Billion, at a projected CAGR of 3.30% during 2023-2032. In December 2023, the Dimethylformamide (DMF) market dynamics were significantly influenced by regional economic and industrial factors. In the Asia-Pacific (APAC) region, the market trended bearishly, underpinned by an oversupply of DMF amidst low demand, particularly from key sectors such as textiles and adhesives. This imbalance led to stable yet pressured market conditions, with the supply chain operations not facing disruptions but the demand for DMF remaining moderate to low. The cautious approach adopted by buyers, due to abundant stocks and a weak market environment, resulted in muted trade dynamics. Sellers were compelled to offer discounts to stimulate transactions, reflecting a cautious market sentiment. The substantial decline in prices, with a notable percentage decrease compared to the previous year and quarter, exemplifies the challenges faced in the APAC region, particularly in China, where the FOB-Nanjing price of DMF significantly dropped.

Europe presented a mixed sentiment in the DMF market during the same period, characterized by an initial incline in prices attributed to raw material cost escalations, notably Methylamine. The market sentiment was further complicated by macroeconomic uncertainties, including fluctuating inflation rates and geopolitical risks impacting the overall demand and cost structures within the industry. Despite these challenges, the DMF market in Europe, particularly in Germany, experienced a price decline towards December, largely due to the oversupply situation exacerbated by China's dumping effect. This scenario led to a reduction in prices as suppliers grappled with substantial stock levels in a market with adequate inventory availability. The diverse market dynamics across these regions highlight the complex interplay of supply and demand factors, cost pressures, and macroeconomic conditions influencing the DMF market as of December 2023.

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