Price trend

According to monitoring data from SunSirs, as of October 27, 2023, the factory price of domestically produced industrial grade dimethyl carbonate was set at 4,200 RMB/ton. Compared with October 1 (the reference price of dimethyl carbonate was 4,333 RMB/ton), the price was reduced by 133 RMB/ton, a decrease of 3.08%.

Analysis review

In October, the domestic dimethyl carbonate market as a whole showed weak volatility and a downward trend. In early October, after returning from the Double Festival, the overall performance of the domestic dimethyl carbonate market was poor. Downstream demand was weak, and the trading atmosphere on the market was cold. There were few new orders and transactions. The shipment of dimethyl carbonate was hindered, and inventory continued to accumulate. Some dimethyl carbonate factories and suppliers began to reduce profits and shipments, and subsequently lowered the price of dimethyl carbonate by 100-200 RMB/ton. On October 15th, The domestic market price of dimethyl carbonate was around 4,100-4,300 RMB/ton, and the lower end price was around 3,950-4,000 RMB/ton.

In late October, the dimethyl carbonate market fluctuated. As the early market fell to a low point and downstream bargains were replenished, the market ushered in a period of positive demand. The dimethyl carbonate market also stopped falling and slightly increased, with an increase of 50-100 RMB/ton. However, it was difficult for the demand side to continue supporting the dimethyl carbonate market. After a short period of stock preparation, the on market trading of dimethyl carbonate returned to calm, and the market situation also weakened again. On October 27th, the domestic market price of dimethyl carbonate was around 4000-4300 RMB/ton, while the lower price was around 3900 RMB/ton.

Market outlook

As of October 27th, the downstream polycarbonate of dimethyl carbonate has shown average performance, and there was still a wait-and-see sentiment on the market. The main focus was on cautious stocking in the early stages. According to the dimethyl carbonate data analyst from SunSirs, in the short term, the market for dimethyl carbonate will mainly adjust and operate within a narrow range, and the specific trend needs to pay more attention to changes in supply and demand news.

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