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SunSirs: The Downstream Stock Was Good, and the Dimethyl Carbonate Market Was Rising as a Whole (Sep

Increase font size  Decrease font size Date:2022-09-23   Views:225

  Price trend

  According to the monitoring data of SunSirs, as of September 20, 2022, the average ex-factory price of domestic industrial-grade dimethyl carbonate was 7,033 RMB/ton, which was increased by 583 RMB/ton or an increase of 9.04% compared with that on September 1, 2022 (the reference price of dimethyl carbonate was 6,450 RMB/ton).

  Analysis review

  It can be seen from the data monitoring chart of SunSirs that from September 1st to 21st (9.1-9.21), the domestic dimethyl carbonate market moved upward as a whole. At the beginning of September, the domestic dimethyl carbonate market had a slight decline, the downstream demand support was loose, the atmosphere in the market was light, and the market trading was flat.

  In mid-September, after the Mid-Autumn Festival, the domestic dimethyl carbonate market moved up steadily, and the trading atmosphere in the market picked up. The quotations of some dimethyl carbonate factories were raised by 200-300 RMB/ton. As of September 15, the domestic market price of dimethyl carbonate was around 6,600-6,800 RMB/ton, an increase of 3.88% in half a month.

  In late September, the focus of the domestic dimethyl carbonate market continued to move upward, and the National Day is approaching. The downstream of dimethyl carbonate stocked up in advance, the trading atmosphere was active, and the supply pressure of the factory was less, and the factory quotation was firmly raised by 300 -600 RMB/ton around. As of September 20, the domestic market price of carbonic acid has basically exceeded the 7,000-RMB/ton mark, with reference to around 7,100 RMB/ton. On the 21st, the atmosphere in the dimethyl carbonate market weakened, and the quotations of some factories were slightly lowered by 200 RMB/ton. As of September 21, the domestic market price of carbonic acid was around 6,700-7,200 RMB/ton, with an increase of more than 9% since September. At present, the trading atmosphere in the dimethyl carbonate market is mild, and the market is mainly consolidating at a high level.

  In terms of upstream propylene oxide, the recent (9.14-9.19) propylene oxide market fell. Recently, the market price of raw material propylene rose, and the cost support was strengthened. From the 14th, although the supply-side inventory had accumulated slightly but was temporarily controllable, the demand side was flat, just follow up on demand, the downstream purchasing sentiment was not high, and the main thing was to wait and see cautiously. On the 19th, the mainstream quotation of the propylene oxide market in Shandong was lowered to around 9,950-10,100 RMB/ton. Some installations on the supply side recovered, and the demand side was still flat, mainly wait-and-see.

  Market outlook

  At present, the domestic supply and demand of dimethyl carbonate is still well-conducted, and the downstream pre-holiday stocking is good to support the market, and the overall mentality of the industry is still good. The dimethyl carbonate data engineer of SunSirs believes that in the short term, the domestic dimethyl carbonate market will mostly run sideways, and the price may also adjust slightly in the range. The specific trend needs to pay more attention to the specific news changes on the supply and demand side.

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