Price trend

According to the monitoring data of SunSirs, as of June 26, 2023, the factory price reference of domestic industrial dimethyl carbonate was 5,133 RMB/ton which was 567 RMB/ton higher than that of June 1, 2023 (the reference price of dimethyl carbonate was 4,566 RMB/ton), an increase of 12.41%.

Upstream caustic soda

It can be seen from the data monitoring chart of SunSirs that since June (6.1-6.26), the overall market situation of dimethyl carbonate in China was rising continuously. In the first ten days of June, some devices in the dimethyl carbonate plant were shut down for maintenance, and the supply in the plant was tight. The supply side supported the steady rise of the market. As of June 15, the domestic market price of dimethyl carbonate was around 4,800-5,300 RMB/ton an increase of 7.30% in the first ten days.

In late June, before the Dragon Boat Festival, the downstream demand of dimethyl carbonate was boosted, the stock was well prepared before the festival, the spot supply of dimethyl carbonate was tight, the supply and demand transmission was smooth, and the market of dimethyl carbonate continued to move towards the high-end. As of June 26, the domestic market price of dimethyl carbonate was around 5,000-5,300 RMB/ton with an increase of more than 12% in the month.

Market outlook

After the Dragon Boat Festival, the downstream demand for dimethyl carbonate decreased, and the inquiry heat decreased. In addition, after the dimethyl carbonate market rose to a high level, the wait-and-see mood in the market became stronger, and the new orders were also closed cautiously. The dimethyl carbonate mathematician of SunSirs believed that in the short term, the domestic dimethyl carbonate market will mainly be adjusted in a narrow range, and more attention should be paid to the information changes on the supply and demand side.

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.