Price trend
According to the monitoring data of SunSirs, as of November 3, 2022, the reference average ex factory price of domestic industrial dimethyl carbonate is 6,000 RMB/ton, which is 266 RMB/ton lower than that of October 30, 2022 (the reference price of dimethyl carbonate is 6,266 RMB/ton), a decrease of 4.26%.
Analysis review
It can be seen from the data monitoring chart of SunSirs that the overall domestic dimethyl carbonate market situation this week was weak and fell by more than 4%. The main factors that cause the center of gravity of dimethyl carbonate to dip are from the following two aspects:
First, on the demand side, domestic downstream demand for dimethyl carbonate continued to be weak this week, and the end market was short of buying gas, which made it difficult to form effective support for dimethyl carbonate on the demand side.
Second, the supply side. It is understood that in the fourth quarter of 2022, multiple sets of dimethyl carbonate units are expected to be put into production. With the increase of supply, the supply pressure on the site will follow. Therefore, the supply side has not given enough support to the dimethyl carbonate market.
Therefore, in the case of weak supply and demand, the domestic market of dimethyl carbonate continued to decline under the game. As of November 3, the domestic market price of dimethyl carbonate was around 5,900-6,100 RMB/ton, and the price fell by 300-500 RMB/ton this week.
In terms of upstream propylene oxide, the overall domestic propylene oxide market was stable in November. According to the data monitoring of SunSirs, the reference price of propylene oxide was 9,566.67 RMB/ton on November 2, a decrease of 5.28% compared with that of October 1 (10,100.00 RMB/ton).
Market outlook
According to sulfur analysts of SunSirs, the sulfur market is mainly on the sidelines at present. Affected by the increase in port arrivals, the downstream demand of refineries in East China has weakened. At the same time, due to the impact of public health events, transportation is limited, enterprises have difficulty in shipping, and the market trading atmosphere is not good. It is expected that the sulfur market will consolidate in the short term, with specific attention paid to the downstream follow-up.
