Price trend

According to monitoring data from SunSirs, as of January 15, 2024, the factory price reference for domestic industrial grade dimethyl carbonate was 3,966 RMB/ton. Compared with January 12 (reference price for dimethyl carbonate was 4,000 RMB/ton), the price decreased by 34 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 100 RMB/ton, a decrease of 2.46%.

Analysis review

From the monitoring chart of SunSirs data, it can be seen that in early January, the overall domestic dimethyl carbonate market showed a downward trend. As entering this week, downstream demand for dimethyl carbonate continued to be weak, with poor demand side boost. Downstream demand for electrolytes and solvents was weak, and production continued to be low. The utilization rate of polycarbonate production capacity also slightly declined. Overall demand for dimethyl carbonate was insufficient, and new orders on the market were flat, with slow transmission between supply and demand, some factories had narrowly lowered the price of dimethyl carbonate by 100 RMB/ton, and the overall focus of the dimethyl carbonate market continued to shift slightly downwards. As of January 15th, the domestic market price of dimethyl carbonate was around 3,700-4,100 RMB/ton, a decrease of over 2% compared to the beginning of the month.

Market outlook

As of January 15th, although the overall capacity utilization rate of dimethyl carbonate was not high, the overall performance of the dimethyl carbonate market was still weak due to the drag of demand. The dimethyl carbonate data analyst from SunSirs believes that in the short term, the domestic dimethyl carbonate market will mostly adjust narrowly, and the specific trend still needs to pay more attention to changes in supply and demand news.

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