SunSirs: Recently, the Dimethyl Carbonate Market Was Consolidating (September 10-18)
September 20 2023 09:41:11 SunSirs (John)
Price trend
According to monitoring data from SunSirs, as of September 18, 2023, the factory price of domestically produced industrial grade dimethyl carbonate was set at 4,300 RMB/ton. Compared to September 10, the price was basically unchanged, and compared to August 18 (the reference price of dimethyl carbonate was 4,433 RMB/ton), the price decreased by 133 RMB/ton, a decrease of 3.01%.
Analysis review
From the data monitoring chart of SunSirs, it can be seen that in the recent period (9.10 to 9.18), the overall domestic dimethyl carbonate market was consolidating in a range. Recently, the overall news of dimethyl carbonate on the market was relatively calm, with little adjustment in the supply and demand side. Downstream demand for dimethyl carbonate was relatively flat, and the overall opening of pre holiday stocking was relatively slow. The market was in a stage of interval consolidation. As of September 18th, the domestic market price of dimethyl carbonate wass referenced around 4,000 to 4,300 RMB/ton, and the price of the higher end was referenced around 4,500 RMB/ton.
Market outlook
As of September 18th, the trading atmosphere of dimethyl carbonate on the exchange was average, and the market was relatively stable. The slight decline in the raw material market provided general support for dimethyl carbonate, and new orders on the exchange were relatively cautious. According to the dimethyl carbonate data analyst of SunSirs, in the short term, the domestic dimethyl carbonate market will mainly adjust and operate in a narrow range, and the specific trend still needs to pay more attention to changes in supply and demand news.
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