Price trend
According to monitoring data from SunSirs, as of December 7, 2023, the reference factory price of domestically produced industrial grade dimethyl carbonate was 4,200 RMB/ton, which was basically unchanged compared to December 1. Compared with November 1 (reference price of dimethyl carbonate was 4,166 RMB/ton), the price increased by 34 RMB/ton, an increase of 0.80%.
Analysis review
From the monitoring chart of SunSirs data, it can be seen that in December and the early stage of the month, the domestic dimethyl carbonate market as a whole showed a consolidation operation. The downstream demand for dimethyl carbonate had shown average performance, with slow demand transmission. Due to insufficient demand, the operating rate of some dimethyl carbonate units had been reduced. Although the overall supply pressure on the site had been reduced, the market for dimethyl carbonate had not been significantly boosted due to the continued weak demand conversion. The overall market remained stable and consolidated. As of December 6th, the domestic market price for dimethyl carbonate was around 4,100-4,300 RMB/ton, The lower price was around 3,950-4,000 RMB/ton.
Market outlook
As of December 6th, the overall trading atmosphere in the domestic dimethyl carbonate market was relatively light, and the mentality of the dimethyl carbonate industry was average. Some devices hadbeen shut down for maintenance, and the market was waiting for demand to boost. According to the dimethyl carbonate data analyst from SunSirs, in the short term, the domestic dimethyl carbonate market will mostly be stable with small fluctuations and narrow adjustments. The specific trend still needs to pay more attention to changes in supply and demand news.
