In Q1 2025, Dimethylformamide (DMF) prices experienced a slight reduction across major regions. In China, prices decreased by just 0.24%, reaching $665/MT. This marginal decline was primarily due to stable production levels and moderate demand, particularly from industries like paints and coatings, which had a steady but subdued consumption of DMF. In Saudi Arabia, the price drop was more significant, falling by 6.97% to $677/MT. This sharp decline was attributed to slower economic growth, reduced demand from both domestic and international markets, and an oversupply in the local market. The price drops in both regions had a ripple effect on countries such as Vietnam, Brazil, Argentina, and India, where demand from key sectors like textiles and pharmaceuticals remained weak, further driving down prices. While lower prices provided some relief in procurement costs, the continued global economic uncertainty and fragile demand put pressure on manufacturers’ profit margins, which could hinder growth in these industries moving forward.
In Q4 2024, Dimethylformamide prices in both China and Saudi Arabia saw a decline. In China, prices fell by 1.93%, settling at $667/MT, continuing the trend of market softness. The drop in prices was a result of steady but insufficient demand coupled with stable production. This price reduction provided relief to manufacturers in industries like textiles and coatings, allowing them to benefit from lower procurement costs. In Saudi Arabia, prices dropped by 2.98%, reaching $728/MT.
The decline was mainly driven by stable demand in key sectors like pharmaceuticals and agrochemicals, but economic pressures forced price adjustments. Despite this, the availability of consistent supply ensured that manufacturers in these sectors could maintain steady production costs. The price reductions in both markets gave some relief to DMF-dependent industries, potentially driving growth and ensuring more competitive pricing for consumers.
In Q3 2024, Dimethylformamide prices followed divergent paths across regions. In China, prices continued their downward trend, falling by 3.53% to $680/MT. The decline was primarily caused by reduced demand from downstream sectors such as chemicals, pharmaceuticals, and electronics, with global economic conditions continuing to weigh heavily on demand. Despite stable production, the ongoing weak demand from key sectors led to a continued pressure on prices.
On the other hand, Saudi Arabia experienced a slight price increase of 0.08%, bringing prices up to $750/MT. This small rise was a result of a more balanced supply-demand dynamic, with steady demand from key industries like pharmaceuticals and chemicals. Moreover, favourable feedstock pricing for dimethylamine supported this price stability. Despite global economic headwinds, Saudi Arabia’s relatively stable market conditions allowed for a slight price increase, providing some stability amid global market fluctuations.
China and Saudi Arabia dimethylformamide price saw a decreasing trend. In China, prices dropped by 4.36%, reaching $705/MT, primarily due to reduced demand from key sectors like chemicals, pharmaceuticals, and electronics. Despite the stability in production, weaker demand led to reduced procurement costs, providing some relief to manufacturers in these industries. Conversely, in Saudi Arabia, prices increased by 2.30%, rising to $750/MT.
This rise was largely due to a well-balanced supply-demand scenario, with steady demand from industries like agrochemicals, pharmaceuticals, and chemicals. The stability in pricing allowed manufacturers to maintain consistent production costs, ensuring a reliable supply for these industries. Meanwhile, the price decline in China eased procurement pressures for manufacturers there, further aiding cost reductions for downstream industries.
In Q1 2024, Dimethylformamide prices saw a significant drop in both China and Saudi Arabia, reflecting broader market challenges. In China, dimethylformamide prices plummeted by 8.16%, reaching $737/MT, driven by a combination of reduced demand from key sectors such as chemicals, pharmaceuticals, and electronics, along with high inventory levels and slower economic activity. Despite the production levels remaining stable, the lack of strong demand led to an extended downward trajectory for prices.
And in Saudi Arabia, dimethylformamide prices also fell by 7.19%, settling at $733/MT. This decline was largely due to weaker demand, slower industrial activity, and a softening global market. Although the price drop reflected a weak market sentiment, the stabilization of supply and relatively stable feedstock prices for dimethylamine helped to prevent a more dramatic decrease. The price decline in both regions signalled a cautious market outlook in early 2024, with manufacturers facing continued uncertainty and pressure on margins.
In Q1 2025, Dimethylformamide (DMF) prices in India experienced a slight decline, primarily driven by ongoing global and domestic market challenges. CIF Nhava Sheva (Saudi Arabia) prices fell by 6.66%, reaching $746/MT. This drop can be attributed to the continued weakness in global demand and the uncertainty created by economic slowdowns across key markets. Exporters faced challenges as global markets remained unstable, particularly in the wake of geopolitical tensions and shifts in international trade policies, including tariffs. Meanwhile, Ex-Mumbai prices also decreased by 1.77%, settling at $862/MT. This decline was driven by reduced demand from critical industries such as textiles and pharmaceuticals, which faced ongoing pressures like slower production rates and cost-cutting measures. Additionally, high inventory levels contributed to a lack of urgency in purchasing, further suppressing the market. Freight rates remained stable, and supply chain disruptions were minimal, contributing to the overall sense of market stagnation.
In Q4 2024, Dimethylformamide prices in India saw a heavy decline, driven by ongoing weakness in both global and domestic markets. CIF Nhava Sheva (Saudi Arabia) prices dropped by 3.21%, falling to $800/MT. This decrease was primarily due to lower demand from end-users and reduced export activity, as global oversupply and sluggish industrial growth persisted. Exporters responded to these market conditions with aggressive destocking, which further pressured prices. Ex-Mumbai prices experienced a sharper drop of 9.47%, settling at $878/MT. This decline was largely attributed to weak domestic consumption, especially within the textiles and coatings sectors, alongside the continued oversupply in the market. Despite some improvements in shipping availability and lower feedstock costs, broader economic uncertainties, including inflation concerns and fears of recessions in major markets, kept prices under pressure. The lack of recovery in specific industries added to the bearish sentiment in the market.
In Q3 2024, India saw a small uptick in the price of Dimethylformamide, rose by a modest rebound in global demand and improved domestic market. CIF Nhava Sheva (Saudi Arabia) prices increased by 3.16%, reaching $826/MT, driven by recovering demand in sectors such as agrochemicals and pharmaceuticals. The stabilization of these industries, alongside enhancements in global supply chain efficiency, played a role in the price hike. Ex-Mumbai prices surged by 10.91%, reaching $970/MT, as domestic consumption grew, particularly within the packaging and coatings sectors. Supply conditions also improved, with key producers increasing output and logistics becoming more streamlined. The absence of major supply chain disruptions and the emergence of more favourable market dynamics helped stabilize import costs, contributing to a more positive outlook for the Indian DMF market.
In Q2 2024, Dimethylformamide prices in India showed mixed movements, reflecting the ongoing volatility in the market. CIF Nhava Sheva (Saudi Arabia) prices increased by 2.82%, reaching $801/MT, largely driven by higher shipping costs and a slight uptick in global demand. This price increase was partially due to the rising costs of logistics from key exporting countries like Saudi Arabia and the increased cost of feedstocks used in DMF production. However, Ex-Mumbai prices dropped by 5.94%, reaching $874/MT, primarily due to weaker domestic demand from the textiles and pharmaceutical sectors, which continued to be impacted by high inventory levels and slow manufacturing activity. The contrasting trends in the two pricing indicators reflected the overall market volatility, with some regions benefitting from higher demand and increased operational costs, while others continued to face downward pressure from weaker consumption and inventory issues.
In Q1 2024, Dimethylformamide prices in India experienced a modest decline, as both global and domestic conditions remained soft. CIF Nhava Sheva (Saudi Arabia) prices fell by 3.49%, settling at $779/MT, due to lower global demand and rising operational costs in key production regions. Ex-Mumbai prices also saw a small decline of 0.38%, settling at $930/MT. This price reduction was driven by continued weaker domestic consumption, particularly from industries like textiles and pharmaceuticals, which were still facing challenges related to global supply chain disruptions, fluctuating raw material prices, and shifting demand patterns. Furthermore, currency fluctuations and logistical bottlenecks added to the procurement costs, further pressuring prices downward. The overall market sentiment remained cautious, with a lack of strong demand from major sectors and economic concerns continuing to weigh on both domestic and global market conditions.
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Molecular Weight[g/mol]
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Molecular Formula
Dimethylformamide (DMF) is a versatile, colorless organic solvent widely used in industries such as pharmaceuticals, textiles, and electronics. It is synthesized from feedstocks like dimethylamine through a chemical reaction with carbon monoxide. DMF is valued for its excellent solvency, stability, and ability to dissolve a variety of organic and inorganic compounds.
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PriceWatch Quotation Terms:
Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.
Component | Unit | Value by weight |
Dimethylformamide Content (wt.%) | % | 99.90 Min |
Color | Pt-Co | 10 Max |
Methanol Content | % | 0.005 Max |
Water Content | % | 0.03 Max. or 0.015 Max. |
Acidity as Formic Acid by Weight | Ppm | 10 Max |
Alkalinity as DMA by weight | Ppm | 10 Max |
Fe | Ppm | 0.05 Min |
Conductivity | µs/cm | 2 Max |
Applications
DMF is crucial in the chemical manufacturing sector, particularly in the synthesis of various chemicals. It is used in the production of polyacrylonitrile (PAN), a key precursor for carbon fibre production. DMF is an important solvent in the coatings and adhesives sector. In coatings, it helps dissolve resins and other components, improving the application and performance of paints
The pricing of Dimethylformamide (DMF) is influenced by several factors, including fluctuations in raw material costs (such as acetic acid and methanol), energy prices, and supply chain dynamics. Additionally, demand from key industries like pharmaceuticals, textiles, and electronics, along with geopolitical events and trade policies, can significantly impact DMF pricing. Procurement heads must monitor these variables to manage costs effectively.
Feedstock availability, particularly for key components like acetic acid and methanol, directly impacts Dimethylformamide pricing. Shortages or disruptions in the production of these raw materials, due to factors such as weather conditions, geopolitical tensions, or regulatory changes, can lead to price increases. Conversely, improved feedstock availability can drive prices down, allowing for more cost-effective procurement strategies.
Dimethylformamide prices can vary significantly by region due to differences in production capacities, raw material costs, and local demand. For example, regions with higher production capabilities, such as China and the Middle East, may offer more competitive pricing compared to Europe or North America. Procurement teams should evaluate regional price variations and consider diversifying sourcing from cost-effective markets to optimize procurement strategies.
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