SunSirs: Domestic Dimethyl Carbonate Rose As a Whole (January 1-18)
January 19 2023 09:24:55 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, as of January 18, 2023, the average ex-factory price of domestic industrial grade dimethyl carbonate was 4,900 RMB/ton. Compared with January 1, 2023 (the reference price of dimethyl carbonate was 4,666 RMB/ton), the price increased by 234 RMB/ton, or 5%.
Analysis review
It can be seen from the data monitoring chart of SunSirs that after the New Year's Day in January (1.1-1.18), the domestic dimethyl carbonate market as a whole showed a steady upward trend. In the first ten days of January, the downstream demand for dimethyl carbonate improved, the stock was opened in the period before the Spring Festival, the supply and demand transmission of dimethyl carbonate in the market was smooth, the trading atmosphere continued to rise, the procurement was positive, and supported by the demand side, the market price of dimethyl carbonate continued to rise. In the middle of January, with the end of downstream demand, the dimethyl carbonate market stabilized after rising, and the market trading was normal, and the dimethyl carbonate continued to be sorted out. As of January 18, the domestic market price of dimethyl carbonate was around 4,800-5,000 RMB/ton, and the high price was around 5,200-5,400 RMB/ton.
Market outlook
The Spring Festival is coming soon in 2023, and domestic logistics and transportation are gradually stopped. The information on the dimethyl carbonate market is relatively calm. The dimethyl carbonate statistician of SunSirs believes that in the short term, the domestic dimethyl carbonate market is mostly stable, with narrow range adjustment and operation. The specific trend needs to pay more attention to the changes in the information on the supply and demand side.
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