SunSirs: Just Entering February, the Dimethyl Carbonate Market Was Operating Steadily and Weakly
February 06 2024 15:08:23 SunSirs (John)
Price trend
According to monitoring data from SunSirs, as of February 4, 2024, the reference factory price of domestically produced industrial grade dimethyl carbonate was 3,900 RMB/ton. Compared with February 1, the price remained basically unchanged. Compared with January 1 (reference price of dimethyl carbonate was 4,066 RMB/ton), the price decreased by 166 RMB/ton, a decrease of 4.10%.
Analysis review
From the monitoring chart of SunSirs data, it can be seen that in the first two months of February, the overall market situation of dimethyl carbonate in China was mainly weak and stable. Approaching the Spring Festival and entering February, as logistics in some domestic regions began to shut down and stop shipping, downstream stocking of dimethyl carbonate gradually weakened, providing limited market support in terms of downstream demand for dimethyl carbonate. In terms of supply, in January, some dimethyl carbonate units were opened on site, and the overall supply side improved. As entering February, there was not much adjustment in the supply side of dimethyl carbonate. As of February 4th, the domestic market price of dimethyl carbonate was based on around 3,600-4,100 RMB/ton.
Market outlook
As of February 4th, as the Spring Festival approaching, the overall trading atmosphere of dimethyl carbonate on the exchange had gradually become quiet, and the inquiry atmosphere on the exchange was light. The dimethyl carbonate data analyst from SunSirs believes that in the short term, the dimethyl carbonate market will continue to operate steadily, and the specific trend still needs to pay more attention to changes in supply and demand news.
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