Price trend
According to the business commodity market analysis system, as of May 22, 2024, the reference factory price of domestically produced industrial grade dimethyl carbonate was 4,116 RMB/ton. Compared with May 17 (reference price of dimethyl carbonate was 4,166 RMB/ton), the price was reduced by 50 RMB/ton, a decrease of 1.20%.
Analysis review
From the commodity market analysis system of SunSirs, it can be seen that this week (5.17-5.22), the overall domestic dimethyl carbonate market experienced a slight decline and then consolidated and operated. At the beginning of the week, the overall price difference between high and low prices in the domestic dimethyl carbonate market was reduced. In the early stage, some factories with higher prices narrowly lowered the outbound price of dimethyl carbonate this week, with a reduction of 50-100 RMB/ton, driving the overall market trend to slightly approach downward. Subsequently, during the mid week period, the overall stability and consolidation of the dimethyl carbonate market were observed. As of May 22nd, the domestic market price of dimethyl carbonate was based on around 3,950-4,200 RMB/ton.
In terms of upstream propylene oxide: On May 21st, the Shandong propylene oxide market remained stable, with mainstream prices at around 9,400 RMB/ton. Cost support was average, and factory shipments weakened. Downstream procurement was cautious.
Market outlook
As of May 22nd, the supply side of dimethyl carbonate was relatively stable, and the overall demand in the downstream market was also relatively stable. The transmission of supply and demand was still good. According to the data analyst of SunSirs, in the short term, the domestic dimethyl carbonate market will mainly operate with large stability and small fluctuations, and the specific trend still needs to pay more attention to the changes in supply and demand news.
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