Price trend  

According to monitoring data from SunSirs, as of February 29, 2024, the reference factory price of domestically produced industrial grade dimethyl carbonate was 3,833 RMB/ton. Compared with February 1 (reference price of dimethyl carbonate was 3,900 RMB/ton), the price decreased by 67 RMB/ton, a decrease of 1.71%.

Analysis review

In February, the overall domestic dimethyl carbonate market showed a weak downward trend. In the early stage of the Spring Festival, the market for dicarboxylic acid had light trading, and downstream demand and stocking were average. The market was weak and mainly operated to maintain stability. After returning from the holiday, the overall boost in the dimethyl carbonate market was not good, and the focus of negotiations on dimethyl carbonate hadslightly decreased. As of February 29th, the domestic dimethyl carbonate market price reference was around 3,600-4,100 RMB/ton.

Analysis of Factors Influencing the Market of Dimethyl Carbonate

In terms of demand: Before the holiday, downstream demand for dimethyl carbonate had gradually ended, with weak support on the demand side. After the holiday, downstream production of dimethyl carbonate has been low, and downstream demand had recovered slowly. There had been fewer new orders on the market. Overall, the support provided by the demand side for dimethyl carbonate in February is also insufficient.

In terms of supply: In February, the overall supply and demand transmission of dimethyl carbonate was slow, with slow market shipments before the holiday and some factories having accumulated inventory after the holiday. There is a certain supply pressure on the supply side of dimethyl carbonate, which makes it difficult for the supply side to provide effective support to the market.

Market outlook

As of the end of February, the trading atmosphere of dimethyl carbonate on the exchange was relatively light, and there was a certain wait-and-see sentiment in the market. The dimethyl carbonate data analyst from SunSirs believes that in the short term, the market for dimethyl carbonate will mainly adjust in a narrow range, and the specific trend still needs to pay more attention to changes in supply and demand news.

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