The latest report by IMARC, titled "Dimethylformamide (DMF) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data" delivers a comprehensive analysis of dimethylformamide (DMF) prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Dimethylformamide (DMF) Prices December 2023:
- China: 683 USD/MT
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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- Q4 2023
The 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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Key Points Covered in the Dimethylformamide (DMF) Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
- Dimethylformamide (DMF) Prices
- Dimethylformamide (DMF) Price Trend
- Dimethylformamide (DMF) Demand Supply
- Dimethylformamide (DMF) Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Dimethylformamide (DMF) Price Analysis
- Dimethylformamide (DMF) Industry Drivers, Restraints, and Opportunities
- Dimethylformamide (DMF) News and Recent developments
- Global Event Analysis
- List of Key Players
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
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Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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