SunSirs: Dimethyl Carbonate Was Weak and Fell This Week (December12-16)
December 20 2022 10:57:57 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, as of December 16, 2022, the reference average ex factory price of domestic industrial dimethyl carbonate was 5,233 RMB/ton, which was 367 RMB/ton lower than that of December 11, 2022 (5,600 RMB/ton), a decline of 6.55%.
Analysis review
It can be seen from the data monitoring chart of SunSirs that this week (12.11-12.16), the domestic dimethyl carbonate market was weak and fell. As of the 16th, the downstream demand of dimethyl carbonate was flat, and the lack of demand support affected the mentality of the industry. The trading atmosphere in the market was cold, and the wait-and-see mood was strong. The deal was negotiated cautiously. The inventory of dimethyl carbonate in the market was abundant. Some factories had some supply pressure, and the supply and demand transmission was slow. Under the influence of weak supply and demand, the market of dimethyl carbonate fell significantly this week, with the low-end price falling to around 5,000 RMB/ton. As of December 16, the domestic market price of dimethyl carbonate was around 5,000-5,400 RMB/ton, and the price drop within a week was about 200-400 RMB/ton.
Market outlook
As of the 16th, the effective support of dimethyl carbonate in the market was weak, and the mentality of the industry was general. However, the current market price had been relatively low. It is expected that the probability of the factory continuing to make large profits-cutting in the short term is small. Dimethyl carbonate mathematicians from SunSirs believe that in the short term, the domestic market of dimethyl carbonate will mainly be sort out to be weak, and the specific trend needs to pay more attention to the information changes on the supply and demand side.
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