SunSirs: The dimethyl carbonate market was consolidated This Week (October 13-18)
October 19 2023 13:59:40 SunSirs (John)
Price trend
According to monitoring data from SunSirs, as of October 18, 2023, the factory price of domestically produced industrial grade dimethyl carbonate was set at 4,200 RMB/ton, which was basically unchanged compared to October 13. Compared to October 1 (reference price of dimethyl carbonate was 4,333 RMB/ton), the price was reduced by 133 RMB/ton, a decrease of 3.08%.
Analysis review
After the National Day holiday, the performance of the domestic dimethyl carbonate market was poor, and the overall market situation was weak and declining. Entering this week, the dimethyl carbonate market entered a stage of consolidation and stable operation after a decline. As of October18th, the downstream demand for dimethyl carbonate was average, and the support provided by the demand side was still limited. The market supply and demand transmission was still relatively slow, and the overall market was mainly consolidated to be weaker. As of October 18th, the domestic market price of dimethyl carbonate was around 3,900-4,300 RMB/ton.
Market outlook
As of October 18th, the demand for dimethyl carbonate in the downstream new energy field showed average performance, with relatively stable downstream demand transmission and mainly stocking just on demand. According to the dimethyl carbonate data analyst at SunSirs, in the short term, the adjustment operation of the dimethyl carbonate market will be the main trend, and the specific trend needs to pay more attention to changes in supply and demand news.
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