According to monitoring data from Business Society, as of April 21, 2023, the factory price of domestically produced industrial grade dimethyl carbonate was referenced at 4700 yuan/ton. Compared with April 17, 2023 (reference price of dimethyl carbonate was 4900 yuan/ton), the price was reduced by 200 yuan/ton, a decrease of 4.08%. Compared to April 1, 2023 (reference price of dimethyl carbonate at 4800 yuan/ton), the price was reduced by 100 yuan/ton, a decrease of 2.08%.
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From the data monitoring chart of the Business Society, it can be seen that this week (4.17-4.21), the overall market situation of dimethyl carbonate in China showed a trend of first decline and then weak stabilization and consolidation. In mid to early April, domestic dimethyl carbonate on-site supply was tight, supported by tight spot supply, and the dimethyl carbonate market was operating in a narrow upward trend. However, due to the poor performance of downstream demand, some domestic dimethyl carbonate factories lowered the price of dimethyl carbonate by around 200-300 yuan/ton at the beginning of this week. Subsequently, the overall market situation of dimethyl carbonate was weak, and the market was in a strong wait-and-see mood. The new orders were generally traded. As of April 21, the domestic market price of dimethyl carbonate was around 4600-4800 yuan/ton.
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Analysis of Future Market Trends
At present, the overall performance of downstream demand for dimethyl carbonate is average, and the support provided to dimethyl carbonate is limited. Some factories have resumed operations before the holiday, and the supply side support on site is relatively loose. However, as the May Day holiday approaches, the downstream demand side of dimethyl carbonate will increase, and it remains to be seen whether the transmission between supply and demand can be smooth. The dimethyl carbonate data analyst at Business Society predicts that in the short term, The domestic dimethyl carbonate market is mainly subject to narrow range adjustment and operation, and the specific trend still needs to pay more attention to changes in supply and demand news.
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