Price trend

According to the monitoring data of SunSirs, as of March 17, 2023, the factory reference price of domestic industrial grade dimethyl carbonate was 5,066 RMB/ton. Compared with March 13, 2023 (reference price of dimethyl carbonate was 5,150 RMB/ton), the price was reduced by 84 RMB/ton, a decrease of 1.62%.

Analysis review

As can be seen from the data monitoring chart of SunSirs, this week (3.13-3.17), the domestic dimethyl carbonate market overall showed a weak and declining trend. At the beginning of the week, the domestic dimethyl carbonate market experienced a narrow decline, with some factories in Shandong reducing the price of dimethyl carbonate by around 100-200 RMB/ton. The main impact of the downward shift in the focus of dimethyl carbonate was mainly from the demand side. The overall performance of downstream demand was sluggish, the shipments of dimethyl carbonate was slow, and some factories had some supply pressure. From the middle of the week to the weekend, the dimethyl carbonate market as a whole was weaker in consolidation. As of March 17, the domestic market price of dimethyl carbonate was around 4,800-5,200 RMB/ton.

Market outlook

As of the 17th, the trading atmosphere for dimethyl carbonate on the market was flat, new orders were limited and the downstream had a strong wait-and-see mood. According to the dimethyl carbonate data analyst of SunSirs, in the short term, the domestic dimethyl carbonate market is mainly adjusted narrowly, and the specific trend needs to pay more attention to the changes in information on the supply and demand side.

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