According to monitoring data from Business Society, as of February 29, 2024, the reference factory price of domestically produced industrial grade dimethyl carbonate was 3833 yuan/ton. Compared with February 1 (reference price of dimethyl carbonate was 3900 yuan/ton), the price decreased by 67 yuan/ton, a decrease of 1.71%.

In February, the overall domestic dimethyl carbonate market showed a weak downward trend. In the early stage of the Spring Festival, the market for dicarboxylic acid had light trading, and downstream demand and stocking were average. The market was weak and mainly operated to maintain stability. After returning from the holiday, the overall boost in the dimethyl carbonate market is not good, and the focus of negotiations on dimethyl carbonate has slightly decreased. As of February 29th, the domestic dimethyl carbonate market price reference is around 3600-4100 yuan/ton.

Analysis of Factors Influencing the Market of Dimethyl Carbonate

In terms of demand: Prior to the holiday, downstream demand for dimethyl carbonate has gradually ended, with weak support on the demand side. After the holiday, downstream production of dimethyl carbonate has been low, and downstream demand has recovered slowly. There have been fewer new orders on the market. Overall, the support provided by the demand side for dimethyl carbonate in February is also insufficient.

In terms of supply: In February, the overall supply and demand transmission of dimethyl carbonate was slow, with slow market shipments before the holiday and some factories having accumulated inventory after the holiday. There is a certain supply pressure on the supply side of dimethyl carbonate, which makes it difficult for the supply side to provide effective support to the market.

Analysis of future market trends

At present, the trading atmosphere of dimethyl carbonate on the market is relatively light, and there is a certain wait-and-see sentiment in the market. The dimethyl carbonate data analyst from Business Society believes that in the short term, the market for dimethyl carbonate will mainly adjust in a narrow range, and the specific trend still needs to pay more attention to changes in supply and demand news.