1、 Price trend

This month, domestic methyl ethyl carbonate showed a slight downward trend overall. As of May 30th, the benchmark price of methyl ethyl carbonate in Shengyishe was 8333 yuan/ton, a decrease of -1.19% compared to the beginning of this month (8433 yuan/ton). This month, the methyl ethyl carbonate industry has seen a significant increase in new developments and equipment construction, resulting in a low load under the pressure of losses.

Market quotations for carbonates

The mainstream price of methyl carbonate is 7800-8200 yuan/ton for acceptance delivery, 5000-5300 yuan/ton for ethylene carbonate, 7250-8250 yuan/ton for propylene carbonate, and 4550-5220 yuan/ton for battery grade dimethyl carbonate. The factors that affect price fluctuations, in addition to cost support, are still the main factors that suppress market trends, including supply and demand pressure and poor transmission of the industrial chain.

2、 Market analysis

In terms of cost

Dimethyl carbonate has been operating weakly and steadily this month. As of May 30th, the benchmark price of dimethyl carbonate for Shengyishe is 4133.33 yuan/ton, which is the same as the beginning of this month. The trend of raw material prices fluctuates, with average support from the cost side. Mainstream offers continue to remain stable, and traders remain cautious, with some offering discounts to promote shipments. Downstream market sentiment is not high, and actual orders are mostly based on on-demand procurement. The supply and demand relationship is not improving, and the market is not supported by favorable factors. The market is consolidating, and we are watching actual orders.

In terms of demand

According to data, the average price of domestic electrolytes in the first quarter of 2024 was 21000 yuan/ton, a year-on-year decrease of 54.15%; The gross profit was 1111.21 yuan/ton, a year-on-year decrease of 58.29%. At present, the price and profit level of electrolyte have entered the grinding stage. Electrolyte production enterprises continue to maintain a high operating rate and determine production based on sales.

3、 Future Market Forecast

Recently, the market for methyl ethyl carbonate has been operating weakly, with weak spot negotiations and negotiations for large orders at lower prices. In the near future, some maintenance equipment will be restarted, and the supply side will increase. The supplier intends to promote transactions mainly to alleviate inventory pressure. But currently, the overall demand side load is average, and the main downstream demand procurement is mainly based on rigid demand, with cautious bearish sentiment on the market. The trading market’s trading enthusiasm is not high, waiting for more news to be released. Business Society analysts predict that in the short term, domestic methyl ethyl carbonate will continue to adjust narrowly.