Demand is poor, and the price of dimethyl carbonate continues to run downward

According to the monitoring data of business society, as of December 9, the average ex factory price of domestic industrial grade dimethyl carbonate was 8800 yuan / ton. Compared with the price on December 5, 2021 (the reference price of dimethyl carbonate was 10166 yuan / ton), the average price was reduced by 1366 yuan / ton, a decrease of 13.44%.

 

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It can be seen from the data monitoring chart of business society that the domestic dimethyl carbonate market has been running downward since last week. This week, the domestic dimethyl carbonate market continues to run downward, with a large decline, with a decline of 13.44% this week. Since the beginning of the week, the domestic market demand for dimethyl carbonate has been poor, the on-site wait-and-see mood is strong, and there are few new transaction orders. The focus of the on-site negotiation began to continue to go down. On Tuesday (December 7), the quotation of domestic dimethyl carbonate factories was significantly reduced by about 500-1000 yuan / ton, and the ex factory price of domestic dimethyl carbonate was referred to about 9000-9500 yuan / ton, The bearish atmosphere on the site is still strong, and the trading atmosphere is cold. Affected by the resumption of operation of units in some areas, the supply on the site increases in time, and the supply pressure of dimethyl carbonate also increases. In the middle of the week (August and September), the market price of dimethyl carbonate continues to decrease by 300-800 yuan / ton. As of December 9, the ex factory price of dimethyl carbonate in China is around 8600-9000 yuan / ton, The average price refers to 8800 yuan / ton. At present, the low price continues to suppress the mentality of the operators, the overall atmosphere in the venue is not improved, and the wait-and-see situation is continued.

 

 

In terms of index, the dimethyl carbonate commodity index on December 8 was 156.47, down 7.65 points from yesterday, down 37.41% from the highest point of 250.00 in the cycle (2021-10-26), and up 56.47% from the lowest point of 100.00 on June 6, 2021. (Note: the period refers to the period from June 1, 2021 to now)

 

 

 

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In terms of upstream dimethyl ether, on December 8, the domestic dimethyl ether market continued to be weak as a whole and continued to decline mainly. The decline in Henan, the main production area, was mostly about 20-30 yuan / ton. The markets in Hebei and Shandong fell steadily, and the overall transaction atmosphere in the market was poor. Some manufacturers in Henan transferred out of the factory prices for the second time and made profits for shipment, but the enthusiasm for downstream market entry did not improve significantly, It is expected that the dimethyl ether market will continue to be weak in the short term.

 

Future trend analysis

 

At this stage, in the face of the increasing supply pressure and the slow follow-up of downstream demand, the supporting force for the significant improvement of the domestic dimethyl carbonate Market in the short term is still insufficient. The dimethyl carbonate data division of business society believes that recently, the domestic dimethyl carbonate market has mainly continued the weak and volatile operation, which does not rule out the possibility of continued downward exploration of prices, More attention should be paid to the specific changes at the supply and demand side.

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