In the global market, the prices of Dimethyl witnessed a bearish outlook in the month of November. The global market conditions were determined by various factors including raw material cost, supply and demand conditions, inventory levels and so on. The fluctuations in the crude oil market also influenced the global market dynamics for Dimethylformamide.
In the Asia region, especially in China, the prices of Dimethylformamide remained stable in the week ending on xth December xxxx. The prices were assessed at USD xxx/MT FOB Nanjing China. While the prices remained stable in comparison to the previous week, the overall market outlook was bearish. The bearish outlook in the market was primarily driven by gradual decline in the downstream demand. Dimethylformamide is primarily used in the production of pesticides and herbicides and in the production of active pharmaceutical ingredients. The pesticides and herbicides market remained under slight pressure...
