According to the monitoring data of business society, as of December 23, the average ex factory price of domestic industrial dimethyl carbonate was 8733 yuan / ton. Compared with the price on December 1, 2021 (the reference price of dimethyl carbonate was 10533 yuan / ton), the average price was reduced by 1800 yuan / ton, a decrease of 17.09%.

In early December, the domestic dimethyl carbonate market fell sharply. On the first and second days of the month, the domestic dimethyl carbonate market generally operated stably, the atmosphere in the field was quiet, and the operators watched carefully. However, the downstream demand was always insufficient, and the transaction of new orders in the field was limited. In addition, the dimethyl carbonate units in some areas were put into operation, the supply in the field was expected to increase, and the downstream replenishment was cautious. From the third day, The domestic dimethyl carbonate market has been running downward all the way, the focus of on-site negotiation has been declining, few new orders have been heard, and the industry has a strong bearish mood. On July 7, 8 and 9, the domestic dimethyl carbonate price fell sharply. On September 9, the domestic dimethyl carbonate ex factory price fell to around 8500-9000 yuan / ton, with an average price of 8800 yuan / ton, a decrease of 13.44% over the three days. Subsequently, the market of dimethyl carbonate operated weakly and stably, and the on-site price fluctuated little. Until the 15th, the domestic dimethyl carbonate market fell again, and the on-site demand was still cautious. Although the factory inventory pressure was controllable, the increase of on-site supply in the early stage still suppressed the trading atmosphere. The average ex factory price of dimethyl carbonate fell below 8500 yuan, with reference to 8466 yuan / ton, compared with the beginning of the month, The half month decline was 19.62%.

In late December, the downstream of dimethyl carbonate made up orders in a small range, and the trading atmosphere on the site improved slightly. In addition, affected by the delay of commencement of some factories, the supply side of dimethyl carbonate on the site was supported. From the 17th, some factories slightly increased the ex factory price of dimethyl carbonate by 100-200 yuan / ton, and then the market continued to maintain weak consolidation and operation. On the 21st, Supported by the favorable supply side on the site, the unit operation in some areas was unstable, the inventory pressure on the site was small, and the supply of goods was tight, and the downstream demand was expected to pick up. Some factories raised the ex factory price of dimethyl carbonate slightly again, by 100-300 yuan / ton. The overall market continued to operate steadily. As of the 23rd, the average price of dimethyl carbonate in China was 8733 yuan / ton, compared with that at the beginning of the month, The decline was more than 17%.

In terms of index, it can be seen from the k-column chart of dimethyl carbonate week that since November, the domestic dimethyl carbonate market has fallen more or less, and the support has been insufficient. The decline continued to deepen in December. On December 22, the dimethyl carbonate commodity index was 154.12, the same as yesterday, It is 38.35% lower than the highest point of 250.00 in the cycle (2021-10-26), and 54.12% higher than the lowest point of 100.00 on June 6, 2021. (Note: the cycle refers to 2021-06-01 to now)

In terms of upstream propylene oxide, the market price of propylene oxide has been stable recently. Recently, the price of raw material propylene is mainly stable, with little impact on the cost. On the 16th, the market is temporarily stable and wait-and-see, the factory shipment has improved, and the inventory is gradually digested, but the downstream follow-up is relatively general, and the market continues to be stable and wait-and-see. At the beginning of this week, the factory inventory pressure is temporarily small, the market atmosphere is flat, the downstream purchases on demand, the cautious wait-and-see mood is strong, and the price operates stably, On the 21st, the mainstream quotation of propylene oxide Market in Shandong was around 12950-13100 yuan / ton. According to the monitoring data of business agency, as of December 23, the average price of propylene oxide enterprises was 12900.00 yuan / ton, a decrease of 11.64% compared with the price on December 1 at the beginning of the month (the reference average price of propylene oxide was 14600 yuan / ton).

Future trend analysis

At present, there is still insufficient effective support in other aspects of the venue. The business society’s Dimethyl Carbonate data division believes that in the short term, the overall market fluctuation of dimethyl carbonate is limited, and most of them focus on interval adjustment. Specifically, more attention should be paid to the specific changes at the supply and demand end.