According to monitoring data from Business Society, as of October 27, 2023, the factory price of domestically produced industrial grade dimethyl carbonate was set at 4200 yuan/ton. Compared with October 1 (the reference price of dimethyl carbonate was 4333 yuan/ton), the price was reduced by 133 yuan/ton, a decrease of 3.08%.
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In October, the domestic dimethyl carbonate market as a whole showed weak volatility and a downward trend. In early October, after returning from the Double Festival, the overall performance of the domestic dimethyl carbonate market was poor. Downstream demand was weak, and the trading atmosphere on the market was cold. There were few new orders and transactions. The shipment of dimethyl carbonate was hindered, and inventory continued to accumulate. Some dimethyl carbonate factories and suppliers began to reduce profits and shipments, and subsequently lowered the price of dimethyl carbonate by 100-200 yuan/ton. On October 15th, The domestic market price of dimethyl carbonate is around 4100-4300 yuan/ton, and the lower end price is around 3950-4000 yuan/ton.
In late October, the dimethyl carbonate market fluctuated. As the early market fell to a low point and downstream bargains were replenished, the market ushered in a period of positive demand. The dimethyl carbonate market also stopped falling and slightly increased, with an increase of 50-100 yuan/ton. However, it was difficult for the demand side to continue supporting the dimethyl carbonate market. After a short period of stock preparation, the on market trading of dimethyl carbonate returned to calm, and the market situation also weakened again. On October 27th, the domestic market price of dimethyl carbonate was around 4000-4300 yuan/ton, while the lower price was around 3900 yuan/ton.
Analysis of Future Market Trends
At present, the downstream polycarbonate of dimethyl carbonate is performing mediocrely, and there is still a wait-and-see sentiment on the market. It is mainly important to be cautious when stocking up. The dimethyl carbonate data analyst from the business company believes that in the short term, the market for dimethyl carbonate will mainly adjust and operate within a narrow range, and the specific trend needs to pay more attention to changes in supply and demand news.
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