Price trend

According to monitoring data from SunSirs, as of December 21, 2023, the factory price reference for domestically produced industrial grade dimethyl carbonate was 4,083 RMB/ton. Compared with December 15 (reference price for dimethyl carbonate was 4,116 RMB/ton), the price was reduced by 33 RMB/ton, a decrease of 0.81%.

Analysis review

From the monitoring chart of SunSirs data, it can be seen that this week (12.16-12.21), the overall domestic dimethyl carbonate market showed a fluctuating and declining trend. At the beginning of the week, some domestic factories had a shortage of dimethyl carbonate in stock, with a narrow increase in the shipping price of dimethyl carbonate by 50 RMB/ton. However, due to the weak downstream demand for dimethyl carbonate, some companies saw a slight price increase, which generally boosted the overall market situation. Subsequently, dimethyl carbonate was mainly consolidated. During the weekend, the overall dimethyl carbonate market experienced a slight decline, with a drag on the demand side. The overall market price of dimethyl carbonate in Shandong and Anhui regions had slightly decreased, with a decrease of about 50-100 RMB/ton. As of December 21st, the domestic market price of dimethyl carbonate was based on around 3,800-4,200 RMB/ton.

Market outlook

As of December 21st, the trading atmosphere of dimethyl carbonate on the market had been light, and the overall support from the downstream demand side was limited. The dimethyl carbonate data analyst from SunSirs believes that in the short term, the domestic dimethyl carbonate market will mostly be weaker narrowly in adjustment, and the specific trend still needs to pay more attention to changes in supply and demand news.

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