Price trend

According to monitoring data from SunSirs, as of December 28, 2023, the factory price reference for domestically produced industrial grade dimethyl carbonate was 4,066 RMB/ton. Compared with December 1 (reference price for dimethyl carbonate was 4,200 RMB/ton), the price had decreased by 134 RMB/ton, a decrease of 3.17%.

Analysis review

From the monitoring chart of SunSirs data, it can be seen that in December, the overall market situation of dimethyl carbonate in China showed a fluctuating and declining trend. At the beginning of the month, the dimethyl carbonate market remained stable and operated steadily, with little change in supply and demand on the market.

During the mid month period, the dimethyl carbonate market gradually approached a low level amidst small fluctuations in price. The on-site production of dimethyl carbonate was relatively low. With the slow shipment of goods in the market, some factories had reduced their supply pressure and raised the price of dimethyl carbonate narrowly. However, due to the drag of demand, the upward trend of the dimethyl carbonate market was difficult to maintain, and the market price will eventually have a significant decline.

At the end of the month, due to the slow transmission of supply and demand, the dimethyl carbonate market remained stagnant and continued to decline slightly, resulting in a weak overall market situation. As of December 28th, the domestic market price of dimethyl carbonate wass around 3,800-4,150 RMB/ton, with lower prices around 3,650 RMB/ton and higher prices around 4,300 RMB/ton.

Market outlook

As of December 28th, the overall trading atmosphere in the dimethyl carbonate market was average, and the downstream performance of dimethyl carbonate was overall poor. The demand for downstream electrolytes and solvents was weak, and the support for dimethyl carbonate was limited. As the end of the year approached, the buying atmosphere on the market was average, and the contradiction between supply and demand on the market still existed. The dimethyl carbonate data analyst from SunSirs believes that in the short term, the domestic dimethyl carbonate market will mostly be consolidated and weaker, and the specific trend still needs to pay more attention to changes in supply and demand news.

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