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SunSirs: This Week, the Domestic Dimethyl Carbonate Rose Steadily (June 27-July 1)

July 01 2022 15:48:22     SunSirs (John)

Price trend

According to the monitoring data of SunSirs, as of July 1, the average ex-factory price of domestic industrial-grade dimethyl carbonate is 5,900 RMB/ton. Compared with the price on June 26 (reference price 5,733 RMB/ton), the average price increases by 167 RMB/ton, an increase of 2.91%.

Analysis review

It can be seen from the data monitoring chart of SunSirs that this week (6.27-7.1), the overall domestic dimethyl carbonate market was running steadily upward. Entering this week, the domestic downstream demand for dimethyl carbonate has performed well, and the purchasing enthusiasm of downstream factories has increased. With the strengthening of demand-side support, starting from the beginning of the week (June 27), the quoted price of dimethyl carbonate factories has been increasing, with a single-day increase of around 100 RMB/ton, and the center of gravity of dimethyl carbonate has steadily moved up. As of this weekend (July 1), the domestic ex-factory price of dimethyl carbonate refers to around 5,700-6,200 RMB/ton, and the cumulative increase during the week is around 100-300 RMB/ton, an increase of 2.91% during the week. At present, the trading atmosphere in the dimethyl carbonate market is acceptable, and the market is generally stable and strong.

In terms of upstream propylene oxide, the propylene oxide market fell in June. In the first half of the month, the raw material propylene was mainly down, cost support was insufficient, the supply side was mainly stable, the factory inventory was controllable, downstream purchases were reduced, and follow-up was the main focus, the market was gradually under pressure, and the price of propylene oxide was stagnant and weakened. In the second half of the month, the price of raw material propylene fell, factory shipments were flat, and some devices fluctuated, but the supply side was abundant, downstream demand was light, and the purchase was followed up by reducing the volume and lowering the price, and the purchasing attitude was cautious, and the price of propylene oxide continued to decline.

Market outlook

At present, the trading atmosphere in the dimethyl carbonate market is relatively good, and the inquiry atmosphere has been boosted compared with the previous period. The dimethyl carbonate analyst of SunSirs believes that in the short term, the domestic dimethyl carbonate market will be strong and consolidate.

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