SunSirs: After the Festival, the Overall Market of Dimethyl Carbonate Was Moving Up

Price trend

According to the monitoring data of SunSirs, as of October 10, 2022, the reference average ex factory price of domestic industrial dimethyl carbonate was 7,200 RMB/ton, which was increased by 334 RMB/ton, or 4.85%, compared with September 30, 2022 (the reference price of dimethyl carbonate was 6,866 RMB/ton).

Analysis review

It can be seen from the data monitoring chart of SunSirs that after the National Day in October, the domestic market of dimethyl carbonate was running upward as a whole. The main driving factors for the upward shift of the center of gravity of dimethyl carbonate come from the following three aspects:

First, on the demand side, the downstream demand side performed well after the festival, the terminal market replenished goods actively, and the market inquiry atmosphere was more active.

Second, on the supply side, during the National Day holiday, the accumulated inventory of dimethyl carbonate plants was relatively low, and the supply pressure of plants after the festival was low, and some businesses were reluctant to sell.

Third, in terms of cost, the overall high level of propylene oxide market after the festival gave dimethyl carbonate cost support.

Based on the above three aspects of support, the dimethyl carbonate market ushered in a strong high market after the festival. As of October 10, the domestic market price of dimethyl carbonate was around 7,000-7,300 RMB/ton, and the post holiday price increased by 100-400 RMB/ton accumulatively.

In terms of upstream propylene oxide, the overall propylene oxide market rose slightly in September. In October, the propylene oxide market was weak and slightly volatile after the festival. According to the data monitoring of SunSirs, the reference price of propylene oxide was 9,766 RMB/ton on October 9, a decrease of 3.20% compared with October 1.

Market outlook

The market trading atmosphere of dimethyl carbonate is good, the supply and demand transmission is smooth, and the industry is mostly optimistic about the future market. Dimethyl carbonate mathematicians from SunSirs believe that in the short term, the domestic market of dimethyl carbonate will mainly operate stably and strongly. It is said that in the fourth quarter, the domestic production capacity of dimethyl carbonate will increase. With the increase of supply, there is a risk that the market will fall from a high level in the long run. The specific trend needs to pay more attention to the changes in the information on the supply and demand side.

If you have any questions, please fee l free to contact SunSirs with support@sunsirs.com