I. Price Trend
According to the commodity market analysis system of Business Society, as of January 28, the average quoted price of premium-grade DMF in China was 3,940 RMB/ton. Currently, DMF market demand remains sluggish, with downstream purchases mainly driven by rigid needs. The overall market is fluctuating at low levels, lacking strong positive support.

II. Cause Analysis
Market Factors:

• Overcapacity and oversupply have put downward pressure on prices.
• Plant maintenance and high industry concentration have led some manufacturers to reduce production due to environmental policies or equipment issues, causing periodic supply tightness.

Methanol Market Factors:

• Supply-demand imbalance: Both domestic production capacity and import volumes have increased, while traditional downstream demand (e.g., MTO) remains weak. Emerging demand (e.g., fuel applications) is still in the development stage, leading to high inventory levels and price pressure.
• Price trend: In 2025, methanol prices fluctuated downward, with the year-end spot average price falling by over 15% compared to the beginning of the year. In early 2026, prices experienced a short-term rebound due to geopolitical factors (e.g., the situation in Iran), but the rebound was limited by high inventories and insufficient demand.

III. Future Outlook
Business Society DMF analysts predict that in the short term, DMF prices will remain stable with narrow fluctuations.