Price trend

According to monitoring data from SunSirs, as of August 11, 2023, the factory price of domestically produced industrial grade dimethyl carbonate was referenced at 4,533 RMB/ton. Compared with August 1 (referring to the price of dimethyl carbonate at 4,666 RMB/ton), the price was reduced by 133 RMB/ton, a decrease of 2.86%.

Analysis review

From the data monitoring chart of SunSirs, it can be seen that in early August (8.1-8.11), the overall domestic dimethyl carbonate market showed a weak and declining trend. At the beginning of the month, the market situation of dimethyl carbonate was affected by insufficient downstream demand, and the overall market trend declined slightly. Some factories and suppliers narrowly lowered the price of dimethyl carbonate, with a decrease of around 100-200 RMB/ton. Subsequently, the dimethyl carbonate market maintained weaker consolidations, with average new orders and limited effective support on the market. Some dimethyl carbonate factories with higher prices were not ideal for new orders. On August 10th, some factories began to offer discounts and lower the price of dimethyl carbonate by around 100-200 RMB/ton, reducing the price difference between high and low prices on the market. As of August 11th, the domestic market price of dimethyl carbonate was around 4,300-4,600 RMB/ton.

Market outlook

As of August 11th, the trading atmosphere of dimethyl carbonate on the market was relatively light, trading on the market was average and the wait-and-see sentiment was strong. The dimethyl carbonate data analyst from SunSirs believes that in the short term, the domestic dimethyl carbonate market will mostly mainly be sorted out weaker, and the specific trend needs to pay more attention to changes in supply and demand news.

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.