The prices of Dimethylformamide (DMF) witnessed a bearish trend in the global market. As of February 28^th, the global DMF market faced a bearish trend due to weak demand and ample supply. In China, the market remained stable yet weak, with cautious purchasing activity and subdued negotiations. East China saw stable pricing, while North China experienced slight declines due to weaker buying momentum. Downstream industries maintained steady but restrained consumption. Similarly, in North America and Europe, declining demand from pharmaceuticals, agrochemicals, and textiles, along with falling feedstock costs and increased supply, contributed to downward price pressure. Economic slowdowns and reduced freight costs further hindered price recovery, keeping the market in a bearish phase.

Moving further, the prices of DMF are expected to decline further owing to declined demand and sufficient supply in the market. In the coming weeks, these factors are expected to persist, maintaining the current bearish trend in DMF prices globally. However, any unforeseen changes in demand, supply disruptions, or policy shifts could alter this trajectory. Continuous monitoring of market conditions is advisable for the most accurate and up-to-date information.

In the APAC region specially China, As of February 28th, the DMF market in China remained weak and stable, with negotiations continuing at a subdued pace and overall purchasing activity remaining moderate. Market sentiment was cautious, as buyers focused on fulfilling immediate procurement needs rather than engaging in speculative purchases. In East China, discussions were concentrated within a stable price range, while in North China, the market experienced a slight downward trend due to weaker buying momentum. Amidst adequate supply levels, the absence of strong demand pressure prevented any notable price increases. Downstream industries, including pharmaceuticals and chemicals, maintained steady but unaggressive consumption patterns. With supply and demand dynamics remaining relatively balanced, the DMF market continued to operate within a narrow range, showing no significant signs of an upward shift in pricing trends.

In the European region as well as North American region, the prices of DMF witnessed a bearish trend owed by declining demand and sufficient supply in the market. The bearish trend in North American DMF prices is primarily driven by weak demand from key industries like pharmaceuticals, agrochemicals, and textiles, coupled with declining feedstock costs, particularly methanol and methylamine. An oversupply in the market, fuelled by high domestic production and increased imports from Asia, has intensified price pressures. Additionally, economic slowdowns, reduced freight costs, and potential regulatory concerns have further dampened demand, leading to a downward price trend. If these factors persist, DMF prices may continue to decline in the coming months.