Recent decline of domestic dimethyl carbonate Market (9.1-9.5)

According to the monitoring data of the business agency, as of September 5, 2022, the average factory price of domestic industrial grade dimethyl carbonate was 6383 yuan / ton, which was 83 yuan / ton lower than that on September 1, 2022 (the reference price of dimethyl carbonate was 6466 yuan / ton), a decrease of 1.29%.

 

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It can be seen from the data monitoring chart of business association that in the early September (9.1-9.5), the domestic dimethyl carbonate market was weak and falling. Although the traditional golden Ninth Festival has arrived, affected by the lack of boost from the demand side, on the first day of the month, the focus of the domestic dimethyl carbonate market moved downward as a whole. Some factories reduced the price of dimethyl carbonate by around 100 yuan / ton. Subsequently, affected by the slow stalemate between supply and demand, the dimethyl carbonate market continued to operate in a weak manner, the downstream wait-and-see mood was heavy, the trading atmosphere was relatively depressed, and the demand side mainly continued to purchase just needed. As of September 5, the factory price of dimethyl carbonate in China is around 6200-6600 yuan / ton.

 

In terms of upstream propylene oxide, in the recent period (9.1-9.5), the market price of propylene oxide has risen. According to the data monitoring of business agency, on September 5, the reference price of propylene oxide was 9700 yuan / ton, up 3.56% compared with September 1 (9366.67 yuan / ton).

 

Future trend analysis

 

At present, the dimethyl carbonate market is weak in consolidation and operation. I heard that there was a sudden shutdown of the dimethyl carbonate factory in recent days, and the pressure on the supply side will be relieved. In addition, as the Mid Autumn Festival is approaching, the downstream will start to stock up one after another, and the support on the demand side will also be improved. The dimethyl carbonate statistician of the business club believes that in the short term, the domestic dimethyl carbonate market is expected to be better, and the specific trend needs to pay more attention to the news changes on the supply and demand side.

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