Price trend
According to monitoring data from SunSirs, as of January 11, 2024, the factory price reference for domestically produced industrial grade dimethyl carbonate was 4,000 RMB/ton. Compared with January 7 (reference price for dimethyl carbonate was 4,033 RMB/ton), the price had decreased by 33 RMB/ton, a decrease of 0.83%; Compared with January 1st (reference price of dimethyl carbonate at 4,066 RMB/ton), the price had been reduced by 66 RMB/ton, a decrease of 1.64%.
Analysis review
From the monitoring chart of SunSirs data, it can be seen that this week (1.7-1.11), the overall domestic dimethyl carbonate market showed a weak downward trend. During the week, with the increase in supply of dimethyl carbonate on-site, the pressure on the supply side of dimethyl carbonate increased. Under the pressure of supply, some dimethyl carbonate factories narrowly reduced the shipment price of dimethyl carbonate by about 100 RMB/ton. As of January 11th, the domestic market price of dimethyl carbonate was referenced to be around 3,700-4,100 RMB/ton, while the high price was referenced to be 4,300 RMB/ton.
Market outlook
As of January 11th, the downstream demand side of dimethyl carbonate was generally weak, and the transmission of supply and demand was relatively slow. The trading atmosphere of dimethyl carbonate on the market was light, and the mentality of the industry was average. The dimethyl carbonate data analyst of SunSirs believes that in the short term, the domestic dimethyl carbonate market will mainly adjust and operate in a narrow range, and the specific trend still needs to pay more attention to the changes in news on the supply and demand side.
