The domestic DMC market saw an upward trend today, with the national average price standing at 14,850 yuan per ton, representing a rise of 200 yuan per ton compared with the previous period.
Meanwhile, Luxi Chemical in Shandong has resumed public quotations, with its offer price increased by 200 yuan per ton from the level before trading suspension.
Driven by tight available supply, low raw material inventory of manufacturers, and the prevalent market sentiment of chasing rising prices and selling off falling ones, downstream inquiry and purchasing willingness have rebounded markedly, boosting new order transactions of DMC.
Forward contracts of some monomer manufacturers have been booked until late May to early June. Both the current quotations and actual negotiated transaction prices of mainstream enterprises have moved higher.