Supply and demand support dimethyl carbonate prices rose 25% in half a month

According to the monitoring data of business society, as of June 16, the average factory price of domestic industrial grade dimethyl carbonate was 7066 yuan / ton, and the average price increased by 366 yuan / ton, or 5.47% compared with the price of June 11, 2021 (reference price: 6700 yuan / ton); Compared with the price of June 1, 2021 (reference price: 5666 yuan / ton), the average price increased by 1400 yuan / T, or 24.71%.


From June to now, the domestic market of dimethyl carbonate has risen sharply. In terms of demand, downstream demand has performed well, and the market investment atmosphere has increased. In terms of supply and demand, overhaul of the large factory discharge device, reduced market supply and tight spot. Therefore, under the support of many favorable factors, the market price of dimethyl carbonate is up all the way. After the Dragon Boat Festival, the site commencement rate was not significantly increased, the early shutdown device failed to start smoothly after the festival, and the overall market supply continued to be tight to continue to support the high-level operation of dimethyl carbonate market. On the first day after the festival (June 15), the quotation price of some DMC factories in Shandong Province increased again, with an increase of 200-500 yuan / ton. The upward price led the market to continue to close to the high end. On June 16, the market price continued to increase by 200-300 yuan / T, and as of the 16th, the average factory price of domestic industrial grade dimethyl carbonate was 7066 yuan / T, compared with that before the festival, The average price rose 366 yuan / ton, up more than 5.47%. Compared with the beginning of June, the average price has risen 1400 yuan / T, and the half month is up nearly 25%.

In the upstream of propylene oxide, in the early June, the domestic market of epichlorohydrin was down all the way. According to the data monitoring of business society, as of June 15, the reference average price of propylene oxide in China was 13733.33 yuan / ton, which was 12.15% lower than that of June 1 (15633.33 yuan / ton).

In terms of upstream methanol, the main closing price of methanol futures of Zhengzhou Commodity Exchange was 2514 yuan / ton on June 15, up 2.57% in the day. The atmosphere of domestic methanol spot market is warming up. Before the festival, some traders make up for the air and the downstream goods to support the mentality of the industry. After the festival, the new prices in Northwest China may be relatively strong, and at present, they are generally bullish. According to the monitoring of business news agency, as of June 15, the average price of domestic methanol production enterprises in Shandong was 2535 yuan / ton, with a month on month decrease of 7.06% and a year-on-year increase of 56.48%. Some methanol production enterprises have delayed the maintenance plan slightly, and the supply is relatively sufficient, and the social inventory is not good. MTBE price is relatively good, crude oil continues to rise, and the finished oil is about to open the window of up-regulation, which will give a certain mentality support to the market, and it is expected to push the methanol market higher.

In terms of upstream DME, in the off-season, the domestic DME market continued to decline, the market was relatively weak, the market trading atmosphere was general, and the overall performance was weak. According to the data monitoring of business society, as of June 15, the reference average price of DME in China was 3377.50 yuan / ton, down 7.78% compared with that of June 1 (3662.50 yuan / ton).

Analysis of the trend of the post market

At present, after the downstream increase of DMC starts, the demand may further increase, so the demand support will continue in the short term. In terms of supply, it is heard that there are still parking plants in the near future, so the short-term market supply should be kept relatively small. Business agency analysts believe that in the short term, domestic DMC market continues to strengthen the trend, with limited down space

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