SunSirs: Demand Had Improved, and the Dimethyl Carbonate Market Was Narrowly Upward
March 28 2024 10:47:39 SunSirs (John)
Price trend
According to monitoring data from SunSirs, as of March 25, 2024, the factory price reference for domestically produced industrial grade dimethyl carbonate was 3,900 RMB/ton. Compared with March 20 (reference price for dimethyl carbonate was 3,866 RMB/ton), the price had increased by 34 RMB/ton, an increase of 0.86%.
Analysis review
From the monitoring chart of SunSirs data, it can be seen that at the end of March (3.20-3.25), the overall domestic dimethyl carbonate market showed a slight upward trend. As of March 25th, the overall downstream demand for dimethyl carbonate had been boosted, and the overall demand side had provided some market support for the dimethyl carbonate market. The pressure on on-site supply of dimethyl carbonate had been reduced, and the overall inventory supply was controllable. The mentality of the industry was mild. As of March 25th, the domestic market price of dimethyl carbonate was based on around 3,750-4,000 RMB/ton.
Market outlook
As of March 25th, the demand for electrolytes and solvents downstream of dimethyl carbonate had shown good performance. The overall shipment of dimethyl carbonate in the market was good, and the accumulation situation in the early stage had been alleviated. The overall operating rate of downstream had also increased. According to the data analyst from SunSirs, the domestic dimethyl carbonate market will mainly operate steadily with a stronger trend in the short term. The specific trend still needs to pay more attention to changes in supply and demand news.
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