SunSirs: Supply Was Under Pressure, Dimethyl Carbonate Market Was Weak and Downward (July 7-11)
July 13 2023 13:43:13 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, as of July 11, 2023, the factory reference price of domestic industrial grade dimethyl carbonate was 4,800 RMB/ton, which was 100 RMB/ton lower than that of July 7, 2023 (the reference price of dimethyl carbonate was 4,900 RMB/ton), a decrease of 2.04%.
Analysis review
It can be seen from the data monitoring chart of SunSirs that at the beginning of July, the overall market situation of dimethyl carbonate in China was stable and operated. With the increase of dimethyl carbonate supply in the market, the overall market supply increased. However, the overall performance of downstream demand was general, and the supply and demand transmission of dimethyl carbonate was blocked. Entering this week, some dimethyl carbonate factories and suppliers began to lower the price of dimethyl carbonate, with an adjustment range of 100-200 RMB/ton. As of July 11, the domestic market price of dimethyl carbonate was around 4,500-5,000 RMB/ton.
Market outlook
At present, the overall trading and investment atmosphere of dimethyl carbonate in the market is light, and the wait-and-see atmosphere is strong. The dimethyl carbonate data engineer of SunSirs believes that in the short term, the overall domestic dimethyl carbonate market will mainly be consolidated to be weaker, and the specific trend needs to pay more attention to the changes in the information on the supply and demand side.
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