SunSirs: Demand Improved, and the Dimethyl Carbonate Market Overall Was Upward in Early April

Price trend

According to monitoring data from SunSirs, as of April 15, 2024, the factory price reference for domestically produced industrial grade dimethyl carbonate was 4,133 RMB/ton. Compared with April 1 (reference price for dimethyl carbonate was 4,000 RMB/ton), the price had increased by 133 RMB/ton, an increase of 3.33%.

Analysis review

From the monitoring chart of SunSirs data, it can be seen that in early April, the overall domestic dimethyl carbonate market showed an upward trend. After entering April, the overall trading atmosphere of dimethyl carbonate on the market has improved, and the volume of inquiries on the market has increased significantly. The downstream demand for dimethyl carbonate has also improved overall. With the support of demand, the supply and inventory of dimethyl carbonate have gradually been digested, reducing the pressure on the supply side. Therefore, supported by both supply and demand, the focus of the dimethyl carbonate market was constantly moving upwards. As of April 15th, the domestic market price of dimethyl carbonate was based on around 4,000-4,200 RMB/ton.

Market outlook

As of April 15th, the trading atmosphere in the dimethyl carbonate market was still good, and the mentality of the operators was good. The overall transmission between supply and demand was still good. However, the recent decline in the market price of epoxy propane on the raw material side had slightly loosened the cost support for dimethyl carbonate, and there may be a slight decrease in the market price in the future. The data analyst from SunSirs believes that in the short term, the market trend of dimethyl carbonate will mainly be stable with small fluctuations, and the specific trend still needs to pay more attention to changes in supply and demand and other news.

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