According to the monitoring data of business society, as of August 31, the average ex factory price of domestic industrial dimethyl carbonate was 8433 yuan / ton. Compared with the price on August 1, 2021 (the reference price was 8233 yuan / ton), the average price increased by 200 yuan / ton, or 2.43%.

In the first half of August, supply and demand supported the growth of dimethyl carbonate by nearly 30%

In early August, the mainstream factories of dimethyl carbonate in Shandong and Anhui were shut down for maintenance. The supply of dimethyl carbonate was tight, the inventory was low, the supply was reduced, the spot shortage stimulated, and the purchasing sentiment of downstream factories of dimethyl carbonate was positive. With the two-way support of supply and demand, the domestic dimethyl carbonate market began to rise rapidly since the beginning of the month. On August 5, The average price of domestic dimethyl carbonate rose to 10333 yuan / ton, an increase of more than 25% in only four days compared with the beginning of the month. Subsequently, the market continued to explore slightly. On August 15, the average price of domestic dimethyl carbonate rose to 10667 yuan / ton, and the high-end quotation rose to 11200 yuan / ton, an increase of nearly 30% in half a month.

It is difficult to maintain the high level, and the price of dimethyl carbonate basically fell back to the beginning of the month in case of a rapid decline in the latter half of the year

In late August, dimethyl carbonate units in East China and Zhejiang Province resumed operation one after another. The supply of dimethyl carbonate in the site increased and the output increased. In addition, under the cost pressure of recent high price of dimethyl carbonate, the downstream had reduced procurement enthusiasm, general demand and insufficient favorable support. From the 16th, the ex factory price of dimethyl carbonate began to decline, The single day reduction range is around 200-300 yuan / ton, and the market starts a weak operation. On the 23rd, the domestic price of dimethyl carbonate plunged sharply, with a one-day decline of 800-1000 yuan / ton. In the following two days, the market continued to fall deeply. On the 26th, the factory reference price of dimethyl carbonate in Shandong was near 8100-8500 yuan / ton (apron), which was basically the same as that at the beginning of the month.

On the 27th, due to the parking of dimethyl carbonate equipment in Shaanxi, the supply in the yard was relatively reduced. In addition, the price of propylene oxide, the raw material, was supported by a slight upward trend recently. The market price of dimethyl carbonate increased slightly, with a range of 100-300 yuan / ton. As of August 31, the average export price of dimethyl carbonate in China was 8433 yuan / ton, which was 200 yuan / ton higher than that at the beginning of the month, an increase of 2.43%. At present, the downstream demand continues to focus on just need procurement, and the trading atmosphere on the site is general.

In terms of upstream propylene oxide, the propylene oxide market first rose and then stabilized in the first half of August, with a half month increase of 4.45%. At the beginning of the month, the mainstream quotation of propylene oxide Market in Shandong was around 16300-16400 yuan / ton, the factory inventory decreased, the burden of some Po units decreased, the supply side was slightly tight, the supply side supported the manufacturers’ mentality of supporting the market, the middle and lower reaches were cautious and active in preparing goods, the enterprise quotation increased, the market trading rhythm slowed down, the price operated stably under the supply-demand game, mainly waiting and sorting, On the 10th, the mainstream quotation of propylene oxide Market in Shandong was around 16500-16600 yuan / ton. With the improvement of downstream polyether orders, propylene oxide manufacturers had no pressure, the market transaction was active, the price rose slightly, the market digested and sorted again, and the price operated stably. In the second half of August, the market focus of propylene oxide continued to decline, and the market stabilized after a slight rebound at the end of the month. On the 16th, the mainstream quotation of propylene oxide Market in Shandong was around 16700-16800 yuan / ton. The factory inventory pressure was controllable, which supported the manufacturers’ strong market mentality. However, the downstream follow-up was general, and the market was temporarily consolidated. With the continuous downturn of new downstream polyether orders, the purchase price of propylene oxide was reduced, the supply-demand game weakened, the market was lowered, and the enterprises delivered goods at a profit in late August, Downstream just needed orders began to release. With the smooth decline of the market, the price stopped falling and increased slightly after stabilizing. Near the end of the month, the market was temporarily stable and waiting. In August, the propylene oxide market rose first and then fell. Near the end of the month, the market stopped falling and stabilized after a slight rebound. The overall trend fell slightly in August. According to the monitoring data of business society, as of August 31, the average price of propylene oxide enterprises was 16033.33 yuan / ton, down 1.64% compared with August 1 (the reference price of propylene oxide was 16300 yuan / ton).

In terms of upstream dimethyl ether, the domestic dimethyl ether market fluctuated frequently in August, and the overall trend showed a shock rise. At the end of the month, the factory quotation of dimethyl ether in Hebei rose to more than 3500 yuan / ton, which was higher than that in the same period last year. According to the monitoring data of business agency, the average price of dimethyl ether in Henan market was 3512.50 yuan / ton on August 1 and 3552.50 yuan / ton on August 30. The overall increase in August was 1.14%, with the largest amplitude of 2.08%, an increase of 60.99% compared with the same period last year. On the whole, the domestic dimethyl ether Market showed an up-down-up trend in August. At the beginning of August, due to the maintenance plan released by Henan xinlianxin, the market supply was expected to decrease, which boosted the mentality of the industry. The continuous rise in the civil price of liquefied gas also brought some support to the market. The main production area Henan increased slightly, and Shandong and Hebei increased slightly. However, due to the limited market benefits, the rise did not continue. Subsequently, the dimethyl ether Market was restrained by weak terminal demand and ushered in a downward trend. Until the middle of the month, there were many positive factors, and dimethyl ether returned to the upward trend. The methanol market rose strongly, and the increase of raw materials brought obvious support to the dimethyl ether Market. Moreover, the overall rise in international crude oil prices led to the rise of liquefied gas civil market. Most of the inventories of Henan manufacturers were at a controllable level, with a strong mentality. The prices rose one after another, and the rise continued until the end of the month. At present, most domestic dimethyl ether prices have risen above 3500 yuan / ton.

Future trend analysis

At present, the positive performance of the domestic dimethyl carbonate market is still insufficient, and the downstream demand has not improved significantly. Therefore, the dimethyl carbonate analysts of business society believe that in the short term, most of the dimethyl carbonate Market in China has been weak and mainly adjusted in a narrow range.