Price trend  

According to monitoring data from SunSirs, as of February 27, 2024, the factory price reference for domestically produced industrial grade dimethyl carbonate was 3,833 RMB/ton. Compared with February 18 (reference price for dimethyl carbonate was 3,900 RMB/ton), the price decreased by 67 RMB/ton, a decrease of 1.71%.

Analysis review

From the monitoring chart of SunSirs data, it can be seen that during the Spring Festival holiday, the overall market situation of dimethyl carbonate in China was mainly weak and stable. Returning from the end of the holiday, the overall performance of the dimethyl carbonate market was poor, with a slight decrease in the overall focus of the market, and the overall weak and downward trend of the market. As of February 27th, the domestic market price of dimethyl carbonate was referenced at around 3,700-3,900 RMB/ton, with lower prices referenced at 3,600 RMB/ton and higher prices referenced at around 4,000-4,100 RMB/ton.

Factors Influencing the Market of Dimethyl Carbonate

In terms of demand: After the holiday, the recovery of downstream demand for dimethyl carbonate was relatively slow, and the increase in downstream new orders was average, mainly for replenishment of essential needs. The demand side provided limited support for dimethyl carbonate.

In terms of supply: In the early stage of the Spring Festival, some domestic dimethyl carbonate factories had accumulated inventory. In addition, during the Spring Festival period, some plants continued to produce. After the festival, the overall inventory level of dimethyl carbonate in the factory was high, which brought certain shipping pressure to the market. Therefore, after the festival, some dimethyl carbonate factories actively shipped and narrowly reduced the price of dimethyl carbonate.

Market outlook

As of February 27th, the trading atmosphere of dimethyl carbonate on the market was mild, and the market was waiting for downstream demand to boost. The dimethyl carbonate data analyst from SunSirs believes that in the short term, the 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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