SunSirs: Domestic Dimethyl Carbonate Is Steadily Rising

According to the monitoring data of SunSirs, as of July 1, the average ex factory price of domestic industrial dimethyl carbonate was 5900 RMB/ton, which was 167 RMB/ton higher than the price on June 26, 2021 (the reference price was 5733 RMB/ton), or 2.91%.

It can be seen from the data monitoring chart of the business agency that from June 27 to July 1, the domestic dimethyl carbonate market as a whole is running steadily upward. Domestic downstream demand for dimethyl carbonate has performed well, the purchasing enthusiasm of downstream factories has increased, and the demand side support has strengthened. Since the beginning of last week (June 27), the quoted price of dimethyl carbonate factories has been rising, with a single day increase of around 100 RMB/ton, and the center of gravity of dimethyl carbonate has moved steadily upward. As of the end of last week (July 1), the domestic ex factory price of dimethyl carbonate has been around 5700-6200 RMB/ton, During the week, the cumulative increase was around 100-300 RMB/ton, with a weekly increase of 2.91%. At present, the trading atmosphere of dimethyl carbonate is acceptable, and the overall market is stable, medium 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 fell, the cost support was insufficient, the supply side was stable, the factory inventory was controllable, and the downstream reduction was followed up. The market was gradually under pressure, and the price stalemate of propylene oxide weakened. In the second half of the month, the price of raw propylene fell, factory shipments were flat, and some devices fluctuated, but the supply side was abundant, downstream demand was light, the reduction and price reduction followed up, and the purchase mentality was cautious, and the price of propylene oxide continued to decline.

Future trend analysis

At present, the trading atmosphere of dimethyl carbonate on the floor is good, and the inquiry atmosphere has been boosted compared with that in the early stage. The dimethyl carbonate analysts of SunSirs believe that in the short term, the domestic dimethyl carbonate market is relatively strong, and consolidation is the main operation.

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