Business: Demand Is Weak, Domestic Dimethyl Carbonate Weak Downward This Week 

According to the Business News Agency monitoring data show that as of April 14, 2022, the average factory price of domestic industrial grade dimethyl carbonate reference in 5366 CNY/ton, compared with April 8, 2022 (dimethyl carbonate reference price of 5566 CNY/ton), the price down by 200 CNY/ton, a drop of 3.59%.

As seen from the data monitoring chart, the domestic dimethyl carbonate field performance was quiet during last weekend. Entering this week, the domestic dimethyl carbonate market was running weakly down.

At the beginning of the week, April 11, by the downstream demand performance is cold, the field wait-and-see mood is heavy, the transaction more just need to negotiate the impact of some domestic dimethyl carbonate factory cut dimethyl carbonate factory prices, down by 100 CNY/ton near, mid-week April 12, the raw material propylene oxide downward to dimethyl carbonate cost support loosening, some factories supply side under pressure, continue to adjust downward dimethyl carbonate factory prices As of April 14, the domestic ex-factory price of dimethyl carbonate was 5200-5600 CNY/ton, down 3.59% during the week.

At present, affected by factors such as logistics and transportation, downstream demand is generally boosted by performance, and the actual orders in the field are mainly negotiated.

As for upstream propylene oxide, this week, the domestic propylene oxide market was running at a downward trend. According to the data detection of the business community, on April 13, the reference price of propylene oxide was RMB11,933.33/tonne, compared with April 1 (RMB12,033.33/tonne), a decrease of 0.83%.

Analysis of the future market trend

At present, the overall performance of dimethyl carbonate downstream demand side is still cautious, buying enthusiasm is limited, business community dimethyl carbonate data division that, in the short term, the domestic dimethyl carbonate market will be more weak range finishing operation, specific attention should be paid to the supply and demand side of the news changes.