SunSirs: In April, the Overall Dimethyl Carbonate Market Saw a Slight decline (April 1-27)

Price trend

According to monitoring data from SunSirs, as of April 27, 2023, the factory price of domestically produced industrial grade dimethyl carbonate was referenced at 4,766 RMB/ton. Compared with April 1, 2023 (reference price of dimethyl carbonate was 4,800 RMB/ton), the price was reduced by 34 RMB/ton, a decrease of 0.69%.

Analysis review

From the data monitoring chart of SunSirs, it can be seen that since April (4.1-4.27), the domestic dimethyl carbonate market had experienced a slight decline amidst fluctuations. In early April, the domestic dimethyl carbonate market overall showed a stable and upward trend. At the beginning of this month, the domestic dimethyl carbonate market was steadily consolidated and operated. With the shutdown and maintenance of some dimethyl carbonate devices on the site, the spot circulation on the site became tight, and under the support of tight supply, on the 10th, some dimethyl carbonate plants and suppliers slightly increased the price of carbonate by 100-200 RMB/ton, and the overall focus of the dimethyl carbonate market rose in a narrow range. As of April 15, the domestic market price of dimethyl carbonate was 4,900 RMB/ton, up 2.08% in early April.

Market outlook

As of the 27th, the supply and demand side of the domestic dimethyl carbonate market was relatively calm, and the downstream pre holiday stocking was basically coming to an end. The current demand was mainly for orders that are just in demand, and the overall trading atmosphere was generally average. SunSirs’ dimethyl carbonate data analyst predicts that in the short term, the domestic dimethyl carbonate market will mostly remain stable with consolidation. The specific trend still needs to pay more attention to changes in supply and demand information.

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