Continued decline

1. Executive Summary

① Shandong Depu's Phase I and II plants are operating normally, as is Shandong Lihua Yi’s methanol-route plant.

② Today, the Shandong market price declined. Offer prices stood at 4,400 CNY/ton in Shandong, 4,600 CNY/ton in East China, 5,400 CNY/ton in South China, and 4,105 CNY/ton in Northwest China.

2. Spot Market Overview

Table 1: Domestic Dimethyl Carbonate (DMC) Price Summary (Unit: CNY/ton)

Data Source: Chempricehub Information

Based on the Shandong region as a benchmark, DMC closed today at 4,400 CNY/ton, down by 50 CNY/ton from the previous trading day. The domestic DMC market continued its downward trend, operating weakly overall. Current supply remains relatively ample with loose inventory availability, while downstream demand is flat. Customers show strong willingness to negotiate lower prices, purchasing enthusiasm is average, and market transaction activity is subdued. Under dual pressure from supply and demand, the central tendency of DMC prices continues to shift downward.

3. Price Forecast

Overall, lacking significant positive catalysts in the short term and amid a loose supply-demand landscape, DMC prices are likely to continue trending weakly.

4. Related Products Status

Propylene Oxide (PO): The domestic PO market stabilized after recent declines. Supply-side facilities remained largely stable. Yesterday, northern plants saw increased shipments; following today's general price adjustments, momentum remained decent. Southern markets adopted a wait-and-see approach with minor price corrections. Considering crude oil rebounds and reduced pressure on suppliers, some downstream buyers followed suit with moderate procurement. End-users partially engaged in buying, resulting in good transaction activity and a eased market sentiment.

Polycarbonate (PC): The domestic PC market halted its decline and stabilized. By afternoon close, the negotiated range for domestic-grade PC in East China was 12,350–14,900 CNY/ton, with some centers rising by 50–100 CNY/ton compared to yesterday. Approaching the weekend, a northern manufacturer cut ex-factory prices by another 200 CNY/ton, while other producers showed no new pricing moves. In the spot market, both East and South China regions moved toward stability. Following a rapid weekly decline and overnight crude oil rallies, upstream raw materials in the industrial chain mostly stabilized or rebounded slightly. Influenced by this sentiment, the PC market also found support. Reports of low-priced offers decreased, with some sellers testing higher quotes. However, downstream entry into procurement remained sluggish, and transactions at high prices were rarely heard of.

5. Data Calendar

Table 2: Domestic Dimethyl Carbonate (DMC) Key Indicators (Units: 10,000 tons, CNY/ton)

Data Source: Chempricehub Information
Notes:

1. ↓↑ indicates significant fluctuations, highlighting data dimensions with changes exceeding 3%.
2. ↗↘ indicates narrow-range fluctuations, highlighting data dimensions with changes within 0–3%.