SunSirs: Since July, Dimethyl Carbonate Market Was Weak and Running Downward (July 1-25)

Price trend

According to the monitoring data of SunSirs, as of July 25, 2023, the factory reference price of domestic industrial grade dimethyl carbonate was 4,666 RMB/ton, which was 400 RMB/ton lower than that of July 1, 2023 (the reference price of dimethyl carbonate was 5,066 RMB/ton), a decrease of 7.89%.

Analysis review

It can be seen from the data monitoring chart of SunSirs that since July (7.1-7.25), the overall market situation of dimethyl carbonate in China wasn weak and falling. In early July, the market of dimethyl carbonate was in a weak decline. The supply of dimethyl carbonate increased on the market, the shipment of supply side was under pressure, the downstream demand was general, the supply and demand transmission was slow, and the market of dimethyl carbonate was adjusted downward as a whole. As of July 15, the domestic market price of Dimethyl carbonate was around 4,700-4,900 RMB/ton, down 5.26% in early July.

In late July, the overall market situation of dimethyl carbonate continued to move towards the low end in shock. The shipment performance of some factories in Shandong was different. The market situation also fluctuated slightly, and the difference between high prices and low prices in the market was widened. However, constrained by the demand side, the overall market situation of dimethyl carbonate was in a weak and downward movement. As of July 25, the domestic market price of dimethyl carbonate was around 4,350-4,800 RMB/ton, down 2.78% in late July.

Market outlook

As of July 25, the overall market of dimethyl carbonate continued to be weak, the effective support in the market was poor, and the trading and investment atmosphere was light. The dimethyl carbonate data engineer of SunSirs believed that in the short term, the domestic dimethyl carbonate market mostly adjusted in a narrow range, and more attention should be paid to the changes of supply and demand information for the specific trend.

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.

Price trend

According to the monitoring data of SunSirs, as of July 25, 2023, the factory reference price of domestic industrial grade dimethyl carbonate was 4,666 RMB/ton, which was 400 RMB/ton lower than that of July 1, 2023 (the reference price of dimethyl carbonate was 5,066 RMB/ton), a decrease of 7.89%.

Analysis review

It can be seen from the data monitoring chart of SunSirs that since July (7.1-7.25), the overall market situation of dimethyl carbonate in China wasn weak and falling. In early July, the market of dimethyl carbonate was in a weak decline. The supply of dimethyl carbonate increased on the market, the shipment of supply side was under pressure, the downstream demand was general, the supply and demand transmission was slow, and the market of dimethyl carbonate was adjusted downward as a whole. As of July 15, the domestic market price of Dimethyl carbonate was around 4,700-4,900 RMB/ton, down 5.26% in early July.

In late July, the overall market situation of dimethyl carbonate continued to move towards the low end in shock. The shipment performance of some factories in Shandong was different. The market situation also fluctuated slightly, and the difference between high prices and low prices in the market was widened. However, constrained by the demand side, the overall market situation of dimethyl carbonate was in a weak and downward movement. As of July 25, the domestic market price of dimethyl carbonate was around 4,350-4,800 RMB/ton, down 2.78% in late July.

Market outlook

As of July 25, the overall market of dimethyl carbonate continued to be weak, the effective support in the market was poor, and the trading and investment atmosphere was light. The dimethyl carbonate data engineer of SunSirs believed that in the short term, the domestic dimethyl carbonate market mostly adjusted in a narrow range, and more attention should be paid to the changes of supply and demand information for the specific trend.

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.