According to the monitoring data of the business community, as of November 3, 2022, the reference average ex factory price of domestic industrial dimethyl carbonate is 6000 yuan/ton, which is 266 yuan/ton lower than October 30, 2022 (the reference price of dimethyl carbonate is 6266 yuan/ton), a decrease of 4.26%.

It can be seen from the data monitoring chart of the business community that the overall domestic dimethyl carbonate market situation this week was weak and fell by more than 4%. The main factors to lower the center of gravity of dimethyl carbonate come from the following two aspects:

First, in terms of demand, domestic downstream demand for dimethyl carbonate continued to be weak this week, and the terminal market was short of gas, so it was difficult to form effective support for dimethyl carbonate on the demand side.

Second, the supply side. It is understood that in the fourth quarter of 2022, multiple sets of dimethyl carbonate units are expected to be put into production. With the increase of supply, the supply pressure on the site will follow. Therefore, the supply side has not given enough support to the dicarboxylic acid market.

Therefore, in the case of weak supply and demand, the domestic market of dimethyl carbonate continues to decline in the game. As of November 3, the domestic market price of dimethyl carbonate was around 5900-6100 yuan/ton, and the price fell by 300-500 yuan/ton this week.

In terms of upstream propylene oxide, the overall domestic propylene oxide market was stable in November. According to the data monitoring of the business community, the reference price of propylene oxide was 9566.67 yuan/ton on November 2, a decrease of 5.28% compared with October 1 (10,100.00).

Future trend analysis

At present, the overall trading and investment atmosphere of dimethyl carbonate in the market is light, the supply and demand transmission is slow, and the downstream wait-and-see mood is strong. The dimethyl carbonate data analyst of the business community believes that in the short term, the domestic dimethyl carbonate market is mainly adjusted and operated in a narrow range, and the specific trend needs to pay more attention to the information changes on the supply and demand side.