Since October, the overall decline of dimethyl carbonate market (10.1-10.25)

According to the monitoring data of the business community, as of October 25, 2022, the reference average ex factory price of domestic industrial dimethyl carbonate is 6266 yuan/ton, which is 600 yuan/ton lower than that of October 1, 2022 (6866 yuan/ton), an increase of 8.74%.

 

Benzalkonium chloride

It can be seen from the data monitoring chart of the business community that since October (10.1-10.26), the domestic market of dimethyl carbonate has risen first and then declined, showing a downward trend as a whole. After returning from the National Day holiday, the trading atmosphere in the dimethyl carbonate market was active, and the dimethyl carbonate market had a short rise. The driving force behind the rise of dimethyl carbonate market mainly comes from the support from the demand side and the cost side. First of all, the downstream demand of dimethyl carbonate is good after the festival, the inquiry atmosphere is positive, and the demand side provides market support. Secondly, the raw material propylene oxide market was running at a high level, and the cost side was also strong. Therefore, the dimethyl carbonate market rose 4.85% in the three days after the festival.

 

After the completion of staged replenishment, the market transaction of dimethyl carbonate gradually recovered to calm. On October 12, the market price of dimethyl carbonate began to drop from a high level, and the market focus continued to drop. The decline of dimethyl carbonate market mainly comes from the following two aspects:

 

First, on the demand side, after the early stage replenishment, in the middle and late October, the downstream demand for dimethyl carbonate became weak, the demand side gave loose support, the trading atmosphere in the market was light, and the dimethyl carbonate market began to decline.

 

Second, in terms of cost, in the middle and late October, the market price of raw material propylene oxide fell from a high level, and the cost side gave insufficient support to dimethyl carbonate.

 

Gamma-PGA (gamma polyglutamic acid)

Therefore, under the weak support of both the demand side and the cost side, the market of dimethyl carbonate continued to decline. As of October 26, the domestic market price of dimethyl carbonate was around 6100-6500 yuan/ton. Compared with the peak of this month, the price decreased by about 700-1000 yuan/ton, with a maximum drop of 12.96% in the month.

 

In terms of upstream propylene oxide, since October (10.1-10.24), the overall domestic propylene oxide market has been running downward. According to the data monitoring of the business community, the reference price of propylene oxide was 9733.33 yuan/ton on October 24, a decrease of 3.63% compared with October 1 (10100 yuan/ton).

 

Future trend analysis

 

At present, the overall trading and investment atmosphere of the domestic dimethyl carbonate market is cold, and the downstream is mainly cautious. Most deals are just in need of small orders, and the mentality of the industry is general. The dimethyl carbonate data analyst of the business community believes that in the short term, the domestic dimethyl carbonate market is mainly narrow range adjustment operator, and the specific trend needs to pay more attention to the specific information changes on the supply and demand side.

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