SunSirs: Demand Boosted, and the Dimethyl Carbonate Market Was Narrowly Upward
March 22 2024 09:49:15 SunSirs (John)
Price trend
According to monitoring data from SunSirs, as of March 20, 2024, the factory price reference for domestically produced industrial grade dimethyl carbonate was 3,866 RMB/ton. Compared with March 13 (reference price for dimethyl carbonate was 3,816 RMB/ton), the price had increased by 50 RMB/ton, an increase of 1.31%.
Analysis review
From the monitoring chart of SunSirs data, it can be seen that the domestic dimethyl carbonate market had recently experienced a slight upward trend. As of March 20th, the overall supply of dimethyl carbonate in the factory had increased. Although the supply had increased, the overall downstream demand side of dimethyl carbonate had improved. Supported by demand, the overall inventory pressure of dimethyl carbonate factories was still controllable. Therefore, the overall focus of the dimethyl carbonate market was moving upwards. As of March 20th, the domestic market price of dimethyl carbonate was around 3,650-4,000 RMB/ton.
Market outlook
As of March 20th, the trading atmosphere in the dimethyl carbonate market had been mild, and the mentality of the operators was good. The dimethyl carbonate factory mainly arranged orders and shipments. The dimethyl carbonate data analyst from SunSirs believes that in the short term, the domestic dimethyl carbonate market will mostly operate steadily with a slight stronger trend, and the specific trend still needs to pay more attention to changes in supply and demand news.
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