Price trend

According to the monitoring data of SunSirs, as of June 20, 2023, the factory reference price of domestic industrial dimethyl carbonate was 5,066 RMB/ton, which was 500 RMB/ton higher than that of June 1, 2023 (the reference price of dimethyl carbonate was 4,566 RMB/ton), up 10.95%.

Analysis review

It can be seen from the data monitoring chart of SunSirs that since June (6.1-6.20), the overall domestic market of dimethyl carbonate showed a steady upward trend. The continuous upward movement of dimethyl carbonate market was mainly supported by the following two aspects.

Supply: In June, some dimethyl carbonate units in China were shut down for maintenance. The stock of dimethyl carbonate in the yard was tight, and the spot supply was slightly tight. Therefore, the supply side gave some support to the dimethyl carbonate market.

Demand: The demand of lithium battery industry and polycarbonate market at the downstream of dimethyl carbonate had steadily increased, and other industries were stable on the whole. In addition, before the Dragon Boat Festival, the downstream of dimethyl carbonate was staged stocking, and the demand was stable on the whole. The demand side support for dimethyl carbonate market w enhancement. As of June 20, the domestic market price of dimethyl carbonate was around 4,900-5,300 RMB/ton, and the price has increased by 400-600 RMB/ton accumulatively in the month.

Market outlook

Near the Dragon Boat Festival, the overall domestic dimethyl carbonate market was stable and consolidated at a high level. Downstream pre festival stock preparation was gradually ended. The trading atmosphere in the market was mild. The dimethyl carbonate data engineer of SunSirs believes that in the short term, the domestic dimethyl carbonate market will be mainly consolidated and operated, and the specific trend still needed to pay more attention to the changes in the information on the supply and demand side.

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