Price trend
According to monitoring data from SunSirs, as of November 8, 2023, the factory price of domestically produced industrial grade dimethyl carbonate was set at 4,100 RMB/ton. Compared with October 1 (the reference price of dimethyl carbonate was 4,333 RMB/ton), the price was reduced by 233 RMB/ton, a decrease of 5.38%.
Analysis review
Looking back in October, the domestic dimethyl carbonate market did not experience the "Silver October" effect, and the market trend moved towards a low level amidst fluctuations. In November, the dimethyl carbonate market stopped falling and stabilized, and the overall market showed a stable and organized operation. On the 7th, dimethyl carbonate broke the calm, and some factories and suppliers narrowly lowered the price of dimethyl carbonate by 100 RMB/ton. As of November 8th, the domestic market price of dimethyl carbonate was around 3,900-4,000 RMB/ton, with a higher price of 4,200 RMB/ton and a lower price of around 3,650 RMB/ton.
Analysis of market influencing factors
In terms of demand: As of November 8th, there was limited downstream demand for dimethyl carbonate, with a light trading atmosphere on the market and limited inquiries for new orders. Downstream wait-and-see sentiment was strong, and the support provided by the demand side for dimethyl carbonate was loosened.
On the supply side: As of November 8th, the overall operating rate on site had not changed much. With the slow pace of shipment, some dimethyl carbonate factories were under certain supply pressure, and the supply and demand transmission performance was stagnant. The support provided by the supply side to the market was limited.
Market outlook
As of November 8th, the atmosphere for new orders in the dimethyl carbonate market was lackluster, with a relatively strong atmosphere on the market. Downstream demand was commonly boosted, and the fundamental benefits brought to the market were limited. The overall lack of effective support in the dimethyl carbonate market led to a lack of data analysts from SunSirs. In the short term, the dimethyl carbonate market is mainly adjusted to be weaked, and more attention needs to be paid to changes in supply and demand news.
