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The dimethyl carbonate market is prone to decline but difficult to rise, maintaining a fluctuating trend in the range

2023/9/25

During the week, the price of dimethyl carbonate remained stable, with Anhui Tongling Jintai and Lihuayi driving, while the load of other major factories remained stable. Overall production increased and capacity utilization increased; The price of epoxy propane rose first and then fell, the price of methanol rose, the price of carbon dioxide fell, and the price of co produced product propylene glycol fell, resulting in a decrease in overall profits; On the demand side, as the holiday approaches, factories are in a strong wait-and-see mood and tend to purchase according to orders. With the interweaving of supply and demand, the Shandong market quotation is relatively stable. As of September 21, 2023, the mainstream negotiation price in Shandong is between 4000 to 4100 yuan/ton for acceptance and delivery, while the mainstream quotation in Shandong is 4050 yuan/ton.

The weekly average profit of PO ester exchange method was 181.81 yuan/ton, a decrease of 104.46 yuan/ton compared to last week, and a decrease of 36.49% month on month. The price of raw material epoxy propane first rose and then fell, the price of carbon dioxide fell, the price of dimethyl carbonate remained stable, and the price of co produced propylene glycol decreased. Although the total cost did not change much, the support for co produced products was insufficient, resulting in a decrease in profits.

The weekly average profit of EO ester exchange method is -308.1 yuan/ton, a decrease of 26 yuan/ton compared to last week, and a month on month contraction of 9.22%. The price of raw material ethylene oxide has increased compared to last week, and the price of co produced ethylene glycol has also slightly increased. The price of dimethyl carbonate has remained stable. Overall, the total cost has increased and profit margins have shrunk.

The weekly average profit of the methanol oxidation carbonylation method was -25.12 yuan/ton, an increase of 11.55 yuan/ton compared to last week, and a month on month increase of 31.50%. The weekly average cost of raw materials methanol and oxygen has decreased compared to last week, and the price of dimethyl carbonate is stable. Although the overall profit has slightly expanded, it is still in an inverted state.

market forecast

From the perspective of the supply side, as the Double Festival period approaches, the supply side is mainly stable. In this cycle, Lihuayi and Tongling will start construction, and the production in the next cycle may increase month on month; On the demand side, the current downstream electrolyte market orders are average with limited incremental growth; The enthusiasm for PC procurement is average, and the wait-and-see sentiment is also strong. Some factories just need to purchase, and due to the mismatch between supply and demand, the dimethyl carbonate market is prone to decline but difficult to rise, or maintain a fluctuating trend in the range.


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