For 3QFY2023, the average selling prices of DMF and methylamine were RMB4,962 per tonne and RMB 6,553 per tonne, respectively, 53% and 51% lower than that for the same period last year.
Jiutian Chemical Group (SGX:C8R
) has recorded a loss of RMB68.6 million ($12.77 million) for the 3QFY2023 ended Sept 30, down from a net profit of RMB93.5 million this time last year.
Total revenue for 3QFY2023 fell 85% y-o-y to RMB80.2 million from RMB520 million in 3QFY2022, due mainly to a decrease in both sales volume and average selling prices of Jiutian Chemical’s main products dimethylformamide (DMF) and methylamine.
