SunSirs: Dimethyl Carbonate Ran Downward in a Weak Way Recently (November 9-16)

Price trend

According to the monitoring data of SunSirs, as of November 16, 2022, the market price reference of domestic industrial dimethyl carbonate was 5,933 RMB/ton, which was down 50 RMB/ton, or 0.56%, compared with November 9, 2022 (the reference price of dimethyl carbonate was 5,983 RMB/ton). On November 16, the domestic market price of dimethyl carbonate was around 5,700-6,100 RMB/ton.

Analysis review

It can be seen from the data monitoring chart of SunSirs that recently (11.9-11.16), the overall domestic dimethyl carbonate market was weak and fell, the trading atmosphere in the market was light, the downstream demand was cautious, and some factories slightly lowered the price of dimethyl carbonate by 100-200 RMB/ton.

On the demand side, on the 16th, the downstream of dimethyl carbonate mainly continued to purchase just in need. The overall trading atmosphere in the market was light, and there were few new orders. The demand side gave insufficient support to the dimethyl carbonate market.

In terms of supply, in the fourth quarter, the domestic dimethyl carbonate supply side has sufficient capacity. The new capacity includes the 100,000 t/a unit of Jiangsu Sipai, the 60,000 t/a unit of Depp Chemical, Shandong Lihuayi's 100,000 t/a unit has been put into production, and Hualu Hengsheng's second 300,000 t/a unit is planned to be put into production. When the supply side increased a lot, the pressure from the supply side also increased Therefore, the market support for dimethyl carbonate from the supply side was also weak.

Market outlook

As of the 16th, the overall trading gas in the dimethyl carbonate market was cold, and the support from both sides of supply and demand was ordinary. Dimethyl carbonate mathematicians from SunSirs believe that in the short term, the domestic market of dimethyl carbonate is mostly weak, and the specific trend needs to pay more attention to the information changes on the supply and demand side.

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