Price trend

According to the monitoring data of SunSirs, as of March 29, 2023, the factory price of domestic industrial grade dimethyl carbonate was referenced at 4,800 RMB/ton. Compared to March 1, 2023 (the reference price of dimethyl carbonate was 5,133 RMB/ton), the price was reduced by 333 RMB/ton, a decrease of 6.49%.

Analysis review

As can be seen from the data monitoring chart of SunSirs, Since March (3.1-3.30), the overall domestic dimethyl carbonate market had been weak and in a downward trend. At the beginning of this month, supported by the high cost side, the dimethyl carbonate market slightly increased and operated, but due to the continued general demand of downstream factories and terminals, and insufficient demand boost, although the supply side of dimethyl carbonate decreased slightly, it still could not continue to support the high and stable operation of the dimethyl carbonate market. Starting from the middle and late March, domestic dimethyl carbonate began to experience a cold downturn, with weak effective support on the market, and the trading center continuously declined. As of March 30, the decline in the dimethyl carbonate market was around 300-500 RMB/ton. As of March 30, the domestic market price of dimethyl carbonate was around 4,400-5,000 RMB/ton.

Market outlook

As of the 30th, the trading atmosphere of dimethyl carbonate on the market was general, the supply and demand transmission was relatively slow, and the downstream wait-and-see sentiment was relatively strong. The dimethyl carbonate data analyst from SunSirs believes that in the short term, the domestic dimethyl carbonate market is likely to be consolidated to be weaker, and the specific trend needs to pay more attention to the changes in information on the supply and demand side.

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