SunSirs: After the Spring Festival, the Market of Dimethyl Carbonate Fell (January 29-February 7)
February 08 2023 14:20:34 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, as of February 7, 2023, the average ex-factory price of domestic industrial grade dimethyl carbonate was 4,666 RMB/ton. Compared with January 29, 2023 (the reference price of dimethyl carbonate was 4,900 RMB/ton), the price was reduced by 234 RMB/ton, or 4.76%.
Analysis review
It can be seen from the data monitoring chart of SunSirs that after the Spring Festival in 2023, the domestic dimethyl carbonate market as a whole was in a weak decline. After the festival, the downstream demand of domestic dimethyl carbonate was released slowly, and the on-site inventory was accumulated. Some of the dimethyl carbonate manufacturers sold their products at a profit-cutting. In the two days after the festival, the focus of the dimethyl carbonate market was mainly on the downward movement, and then the overall market was weakly sorted. As of February 7, the domestic market price of dimethyl carbonate was around 4,500-5,000 RMB/ton.
Market outlook
At present, the overall supply of the domestic dimethyl carbonate market has increased, and the intra-field trading atmosphere is general, waiting for the gradual release of downstream demand. According to the dimethyl carbonate data analyst of SunSirs, in the short term, the domestic market price of dimethyl carbonate will mainly be adjusted in a narrow range, and the specific trend needs to pay more attention to the information changes on the supply and demand side.
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