SunSirs: This Week, the Dimethyl Carbonate Market Was Weak and Stable after Declined Overall (April 17-21)

Price trend

According to monitoring data from SunSirs, as of April 21, 2023, the factory price of domestically produced industrial grade dimethyl carbonate was referenced at 4,700 RMB/ton. Compared with April 17, 2023 (reference price of dimethyl carbonate was 4,900 RMB/ton), the price was reduced by 200 RMB/ton, a decrease of 4.08%. Compared to April 1, 2023 (reference price of dimethyl carbonate at 4,800 RMB/ton), the price was reduced by 100 RMB/ton, a decrease of 2.08%.

Analysis review

From the data monitoring chart of SunSirs, it can be seen that this week (4.17-4.21), the overall market situation of dimethyl carbonate in China showed a trend of first decline and then weak stabilization and consolidation. In mid to early April, domestic dimethyl carbonate on-site supply was tight, and supported by tight spot supply, the dimethyl carbonate market was operating in a narrow upward trend. However, due to the poor performance of downstream demand, some domestic dimethyl carbonate factories lowered the price of dimethyl carbonate by around 200-300 RMB/ton at the beginning of this week. Subsequently, the overall market situation of dimethyl carbonate was consolidated and weaker, and the market was in a strong wait-and-see mood. The transaction of new orders was general. As of April 21, the domestic market price of dimethyl carbonate was around 4,600-4,800 RMB/ton.

Market outlook

As of April 21st, the overall performance of downstream demand for dimethyl carbonate was average, with limited support for dimethyl carbonate. Some factories had resumed operations before the holiday, and the supply side support on the site was relatively loose. However, as the May Day holiday approaches, the downstream demand side of dimethyl carbonate will increase, and it remains to be seen whether the transmission between supply and demand can be smooth. SunSirs’ dimethyl carbonate data analyst predicts that in the short term, the domestic dimethyl carbonate market will mainly adjust within a narrow range, and the specific trend will need to pay more attention to changes in supply and demand information.

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