The price of dimethyl carbonate increased by 3.05% after the festival due to tight supply

According to the monitoring data of business society, as of January 11, 2022, the average ex factory price of domestic industrial grade dimethyl carbonate is 9000 yuan / ton. Compared with the price on January 1, 2022 (the reference price is 8733 yuan / ton), the average price is increased by 267 yuan / ton, or 3.05%.


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From the business data monitoring chart, it can be seen that in January, the domestic dimethyl carbonate market as a whole operated steadily upward. After the new year’s Day holiday, on the 4th and 5th, the domestic dimethyl carbonate market was steadily sorted and operated, the on-site inventory was low, the spot supply pressure was small, and the downstream demand performed well. With the support of both supply and demand, on the 6th, the domestic dimethyl carbonate ex factory price increased steadily by 100-200 yuan / ton, and the average ex factory price of dimethyl carbonate exceeded 8800 yuan / ton, Subsequently, the dimethyl carbonate market continued to operate high and stable, the factory offer was firm, and the low price in the floor gradually decreased. On the 11th, with the support of tight spot supply, the transaction focus of dimethyl carbonate moved upward again. The ex factory price of dimethyl carbonate was near 8800-9200 yuan / ton, and the average price was 9000 yuan / ton. Compared with before the festival, the cumulative increase after the festival exceeded 3%.


In terms of index, the dimethyl carbonate commodity index on January 10 was 156.47, the same as 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 the upstream propylene oxide Market, the recent (1.4-1.10) propylene oxide market price rose first and then stabilized. After the new year’s Day holiday, the price of raw propylene rose steadily, the cost support gradually increased, the downstream orders were released, the factory shipment improved, the inventory pressure was reduced, and the focus of market negotiation gradually increased. Near the weekend, the inventory was low, which supported the manufacturer’s mentality and supported the price offer. However, the demand end performance was cold, the market price was frozen and sorted out, and the operation was stable temporarily, On the 10th, the mainstream quotation of propylene oxide Market in Shandong was around 10700-10800 yuan / ton.


Future trend analysis


At present, the supply of dimethyl carbonate continues to be tight, the downstream continues the demand for goods preparation, and the on-site trading is acceptable. Analysts of dimethyl carbonate in business society believe that in the short term, the domestic dimethyl carbonate market will be stable and strong, and more attention needs to be paid to the basic changes in supply and demand.

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