SunSirs: Cost Support Loosened, and Dimethyl Carbonate Market Was Weak This Week

https://www.chemnet.com   Apr 23,2024 SunSirs

　　Price trend

　　According to monitoring data from SunSirs, as of April 19, 2024, the factory price reference for domestically produced industrial grade dimethyl carbonate was 4,100 RMB/ton. Compared with April 14 (reference price for dimethyl carbonate was 4,000 RMB/ton), the price was reduced by 100 RMB/ton, a decrease of 1.20%.

　　Analysis review

　　From the monitoring chart of SunSirs data, it can be seen that this week (4.14-4.19), the overall domestic dimethyl carbonate market showed a weak downward trend. This week, the downstream demand for dimethyl carbonate was mostly for rigid purchase orders, and the overall adjustment on the supply and demand side was not significant. The decline in the dimethyl carbonate market was mainly due to loose support on the cost side. This week, the raw material propylene oxide market had declined, and it is difficult for the cost side to continue providing support for dimethyl carbonate. The focus of negotiations on dimethyl carbonate had slightly shifted downwards. As of April 19, the domestic market price of dimethyl carbonate was based on a reference of around 3,950-4,200 RMB/ton.

　　In terms of cost, the overall propylene oxide market had been declining recently. According to the data monitoring system of SunSirs, on April 19th, the price of propylene oxide was referenced at 9,137.50 RMB/ton, a decrease of 0.55% compared to April 14th.

　　Market outlook

　　As of April 19th, the trading atmosphere on the market for dimethyl carbonate was mild. Although the market situation had slightly changed, the mentality of the dimethyl carbonate industry was still good. The stable performance of downstream demand had given the market some confidence, and the market had a strong sense of stability. The dimethyl carbonate data analyst from SunSirs believes that in the short term, the domestic dimethyl carbonate market will mainly operate with large stability and 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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