Price trend

According to monitoring data from SunSirs, as of January 5, 2024, the factory price reference for domestically produced industrial grade dimethyl carbonate was 4,033 RMB/ton. Compared with January 1 (reference price for dimethyl carbonate was 4,066 RMB/ton), the price had decreased by 33 RMB/ton, a decrease of 0.82%.

Analysis review

From the monitoring chart of SunSirs data, it can be seen that this week (1.1-1.5), the overall domestic dimethyl carbonate market showed a weak and declining trend. This week, some regions in China hadstarted operating dimethyl carbonate plants, and the overall supply of dimethyl carbonate had increased. The pressure on the supply side had also increased. However, the boost in downstream demand for dimethyl carbonate was not significant, and the overall trend of strong supply and weak demand in the market had emerged. This weekend, the price of dimethyl carbonate had begun to slightly decline under pressure, with a downward range of about 50-100 RMB/ton. As of January 5th, the domestic market price of dimethyl carbonate was based on around 3,700-4,100 RMB/ton. The reference price for higher prices was around 4,300 RMB/ton.

Market outlook

As of January 5th, the trading atmosphere of dimethyl carbonate on the exchange was relatively light, and downstream wait-and-see sentiment was strong. New orders were cautious. According to the dimethyl carbonate data analyst from SunSirs, in the short term, the domestic dimethyl carbonate market will mainly adjust within a narrow range, and the specific trend still needs to pay more attention to changes in supply and demand news.

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