SunSirs: Recently, the Dimethyl Carbonate Market Was Weak and Declining (August 14-21)

Price trend

According to monitoring data from SunSirs, as of August 21, 2023, the factory price of domestically produced industrial grade dimethyl carbonate was set at 4,400 RMB/ton. Compared to August 14 (the reference price of dimethyl carbonate was 4,533 RMB/ton), the price was reduced by 133 RMB/ton, a decrease of 2.94%.

Analysis review

From the data monitoring chart of SunSirs, it can be seen that in the recent period (8.14-8.21), the overall market situation of dimethyl carbonate in China showed a weak and declining trend. Recently, the operating rate of dimethyl carbonate plants in some regions of China had increased, and the overall supply volume of the dimethyl carbonate market had increased. There was some supply pressure on the supply side, but the overall performance of the downstream demand side was average. The electrolyte solvent market was cautious in stocking, and the trading atmosphere was flat. The demand support for dimethyl carbonate was limited. In the context of weak supply and demand, the overall focus of the domestic dimethyl carbonate market was weaker and moving downwards, and some factories and suppliers had lowered the price of dimethyl carbonate narrowly, with a reduction of around 100-200 RMB/ton. As of August 21st, the domestic market price of dimethyl carbonate was around 4,200-4,500 RMB/ton.

Market outlook

As of August 21st, new orders for dimethyl carbonate on the market were cautiously traded, mainly maintaining rigid demand. The overall downstream operating rate was low, providing limited support for dimethyl carbonate. According to the dimethyl carbonate data analyst at SunSirs, in the short term, the domestic market for dimethyl carbonate is mostly adjusted to be weaker. The specific trend still needs to pay more attention to changes in supply and demand news.

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