According to the monitoring data of the business community, as of June 9, the reference price of domestic industrial dimethyl carbonate was 6600 yuan / ton. Compared with the price on June 1, 2021 (reference price 5666 yuan / ton), the average price increased by 900 yuan / ton, or 13.14%.
Since June, the domestic industrial grade dimethyl carbonate market has been warming up, the downstream demand has performed well, the transaction volume has increased, the inventory pressure of dimethyl carbonate factory has eased, and the market price of dimethyl carbonate has been rising. On the 7th, the factory quotation of dimethyl carbonate in Shandong Province was 6500-6700 yuan / ton, which was 1000 yuan / ton higher than that of the previous working day, The manufacturers of dimethyl carbonate in Anhui also increased the ex factory price of dimethyl carbonate by 800 yuan / ton. At present, the overall market activity is good, and the quotation is mainly firm. As of June 9, the reference ex factory average price of domestic industrial grade dimethyl carbonate was 6600 yuan / ton. Compared with the beginning of June, the average price of domestic industrial grade dimethyl carbonate increased by 900 yuan / ton, or more than 13%.
In terms of upstream propylene oxide, the market of propylene oxide fell in May and continued to decline in June. In recent years, the overall operating rate of propylene oxide is high, the supply side is abundant, but the demand side is insufficient to follow up. In the process of price decline, the downstream risk aversion is heavy, the market is more wait-and-see, the trading rhythm slows down, and the focus of market negotiation is gradually lower. At present, the mainstream price of propylene oxide Market in Shandong is around 13500-13700 yuan / ton, and the mainstream price of propylene oxide Market in East China is around 13700-13900 yuan / ton.
In terms of upstream methanol, the domestic methanol market has declined in many regions recently, which has brought bad news to the market. June 7, Henan methanol market offer lower, trading in general. The main enterprises in Henan offer 2360 yuan / ton factory withdrawal acceptance, other enterprises refer to 2380 yuan / ton factory withdrawal cash, Luoyang market offer reference 2330 yuan / ton can cash. The mainstream transaction price of Linfen in Shanxi fell by 30-80 yuan / ton to 2150-2220 yuan / ton in cash; Changzhi area offline price to 2400 yuan / ton factory cash; The mainstream transaction price in Jincheng area was stable at 2300 yuan / ton in cash.
In terms of upstream dimethyl ether, the overall dimethyl ether Market showed a downward trend in late May, and there was a sharp downward trend in this week’s market. Affected by the traditional off-season factors, the decline is not unexpected. In the first ten days of May, the dimethyl ether market continued to rise, pushing the price up to a high level. Since the end of last ten days, dimethyl ether has not been good enough and has been greatly reduced. The overall decline of methanol cost was the main trend, while the trend of LPG civil market was weak, which brought bad news to the market. On the supply side, some manufacturers have recently restarted their devices, and the market supply has increased. On the demand side, the poor terminal demand has brought obvious constraints to the market, the downstream replenishment cycle has been lengthened, the replenishment is mostly on demand, and the enthusiasm is not good. There are many negative factors in the market, leading to a sharp drop in prices. According to the data monitoring of business news agency, the average price of dimethyl ether in Henan market was 3675.00 yuan / ton on June 6 and 3540.00 yuan / ton on June 7, with a one-day drop of 3.67%, up 57.80% over the same period last year.
Analysis of future trend
On the whole, the demand for dimethyl carbonate has been supported effectively. Recently, the market price has been steadily rising. However, another factor still needs to be considered. The market of propylene oxide, the main raw material of dimethyl carbonate, has continued to decline, and the cost support for dimethyl carbonate has weakened. Therefore, it remains to be seen whether the market of dimethyl carbonate can continue to move towards the high end when the cost runs counter to the demand, Therefore, business community dimethyl carbonate analysts believe that the short-term dimethyl carbonate market to narrow consolidation operation.
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