According to monitoring data from Business Society, as of November 8, 2023, the factory price of domestically produced industrial grade dimethyl carbonate was set at 4100 yuan/ton. Compared with October 1 (the reference price of dimethyl carbonate was 4333 yuan/ton), the price was reduced by 233 yuan/ton, a decrease of 5.38%.

Looking back in October, the domestic dimethyl carbonate market did not experience the “Silver Ten” effect, and the market trend moved towards a low level amidst fluctuations. In November, the dimethyl carbonate market stopped falling and stabilized, and the overall market showed a stable and organized operation. On the 7th, dimethyl carbonate broke the calm, and some factories and suppliers narrowly lowered the price of dimethyl carbonate by 100 yuan/ton. As of November 8th, the domestic market price of dimethyl carbonate is around 3900-4000 yuan/ton, with a higher price of 4200 yuan/ton and a lower price of around 3650 yuan/ton.

Analysis of market influencing factors

In terms of demand: Currently, there is limited downstream demand for dimethyl carbonate, with a light trading atmosphere on the market and limited inquiries for new orders. Downstream wait-and-see sentiment is strong, and the support provided by the demand side for dimethyl carbonate is loose.

On the supply side: Currently, the overall operating rate on site has not changed much. With the slow pace of shipment, some dimethyl carbonate factories are under certain supply pressure, and the supply and demand transmission performance is stagnant. The support provided by the supply side to the market is limited.

Analysis of Future Market Trends

At present, the atmosphere for new orders in the dimethyl carbonate market is weak, and the atmosphere is relatively strong on the market. Downstream demand is generally boosted, and the basic benefits brought to the market are limited. The overall lack of effective support in the dimethyl carbonate market. Business analysts believe that in the short term, the weak adjustment and operation of the dimethyl carbonate market are the main factors, and more attention needs to be paid to changes in supply and demand news.