According to monitoring data from Business Society, as of December 7, 2023, the reference factory price of domestically produced industrial grade dimethyl carbonate was 4200 yuan/ton, which was basically unchanged compared to December 1. Compared with November 1 (reference price of dimethyl carbonate was 4166 yuan/ton), the price increased by 34 yuan/ton, an increase of 0.80%.

From the monitoring chart of Business Society data, it can be seen that in December and the early stage of the month, the domestic dimethyl carbonate market as a whole showed a consolidation operation. The downstream demand for dimethyl carbonate has shown average performance, with slow demand transmission. Due to insufficient demand, the operating rate of some dimethyl carbonate units has been reduced. Although the overall supply pressure on the site has been reduced, the market for dimethyl carbonate has not been significantly boosted due to the continued weak demand conversion. The overall market remains stable and stable. As of December 6th, the domestic market price for dimethyl carbonate is around 4100-4300 yuan/ton, The lower price is around 3950-4000 yuan/ton.

Analysis of future market trends

At present, the overall trading atmosphere of the domestic dimethyl carbonate market is relatively light, and the mentality of the dimethyl carbonate industry is average. Some devices are shut down for maintenance, and the market is waiting for demand to boost. The dimethyl carbonate data analyst from Business Society believes that in the short term, the domestic dimethyl carbonate market will mostly be stable with small fluctuations and narrow adjustments. The specific trend still needs to pay more attention to changes in supply and demand news.

According to the commodity market analysis system of Shengyishe, the hydrogen peroxide market has continued to decline since December, with a daily decline of over 4%. The terminal printing and papermaking industry has entered the off-season, with poor demand and a decline in transaction volume in the hydrogen peroxide market. The supply is loose, and the market continues to decline. On the 5th, the average market price fell to 850 yuan/ton, a decrease of 4.49% from the beginning of the month.

Business Society’s hydrogen peroxide analyst believes that the terminal rigid demand is weak, and the hydrogen peroxide market will continue to be weak and downward in the future.

Product name: Hydrochloric acid

Latest price (December 4th): 95.00 yuan/ton

On December 4th, the domestic market price of hydrochloric acid dropped significantly, with a decrease of 30 yuan/ton compared to December 1st, a decrease of 24.00%, and a year-on-year decrease of 46.63%. The upstream liquid chlorine market has recently experienced a slight decline, with insufficient cost support. The downstream polyaluminum chloride market has slightly declined, and downstream purchasing willingness has weakened. Hydrochloric acid manufacturers have accumulated severe inventory and are lowering prices to attract orders.

The domestic hydrochloric acid market prices may fluctuate and fall in the future, with an average market price of around 90 yuan/ton.

The market for trichloromethane experienced a significant decline in November. According to the Commodity Market Analysis System of Shengyishe, as of November 30th, the price of trichloromethane bulk water in Shandong Province was 2066 yuan/ton, a decrease of 28.43% from 2887 yuan/ton at the beginning of the month.

Due to the tight supply side in the early stage, prices remained strong. In the later stage, on the one hand, the support for raw materials weakened, and on the other hand, the pressure on the supply and demand side further increased. As a result, the factory price of enterprises was lowered, and the price of trichloromethane fell from a high level.

In the first half of November, the start-up of methane chloride plants was affected by the maintenance of some enterprise facilities, resulting in an overall decline. The lowest start-up value in the first half of the month was around 6.2%; In the second half of the month, with the resumption of production of early maintenance equipment, the operating rate gradually increased to around 7.6%.

In November, the price of raw material methanol fluctuated and rose, while the price of liquid chlorine remained strong at the previous high level and significantly decreased at the end of the month. The cost support for trichloromethane weakened from strong to weak. According to the commodity market analysis system of Business Society, as of November 30th, the spot price of methanol was 2510 yuan/ton, an increase of 3.50% from 2425 yuan/ton at the beginning of the month. The high point during the cycle was 2520 yuan/ton, and the low point was 2365 yuan/ton; At the end of November, the acceptance price of liquid chlorine tank trucks in Shandong region was 300 yuan/ton, which was lower than the price of 600 yuan/ton at the beginning of the month.

In the off-season, there is only a small amount of rigid demand support for refrigerants at the terminal. In November, the price of refrigerant R22 was slightly lower and the operating level was low, resulting in weak support for the demand for trichloromethane. In 2023, the total production quota for R22 will be reduced by 19% to 181800 tons, and overall support for the demand for trichloromethane will weaken in the medium to long term.

The methane chloride data analyst from Business Society believes that the demand for trichloromethane is weak in the short term, but there is still some support for raw material prices. It is expected that the trichloromethane market will be weak and consolidate in the short term. In the medium to long term, under the condition of no strong cost support, the market for trichloromethane will basically show a trend of range fluctuation and consolidation due to demand constraints.

According to the Commodity Market Analysis System of Business Society, TDI prices in East China continued to decline in late November. On November 30th, the average market price in East China was 16700 yuan/ton, a decrease of 500 yuan/ton compared to the price of 17200 yuan/ton on November 21st, a decrease of 2.91%.

The domestic TDI market has been weak and declining this cycle, with prices continuing to decline. The factory equipment has not changed much, the supplier’s news is quiet, the trade market mentality is not good, terminal inquiries are cold, downstream procurement is sluggish, market trading is weak, shippers have poor shipments, and the confidence of operators is insufficient. The TDI transaction center continues to shift downwards.

The price of upstream toluene has fallen, and the market situation has been weak and downward during the cycle. On November 30th, the domestic average price of toluene was around 6660 yuan/ton, a 2.06% overall decrease from the price of 6800 yuan/ton on November 21st. The international crude oil price range fluctuates, with weak support for the cost of toluene. Downstream demand enters the off-season, market inquiries are weak, and support for toluene demand is weak. In addition, the external price has fallen, and toluene port inventory has significantly increased. The supply side is negatively affected, and the toluene market lacks support, resulting in a downward trend in the market.

In the future market analysis, TDI data analysts from Business Society believe that mainstream device maintenance and tight supply of goods in the domestic TDI market are the main reasons for traders to hold up prices. However, downstream buyers have a weak buying attitude and a feeling of just in need procurement. The market trading atmosphere is not good, and there is a game of supply and demand on the market. It is expected that the TDI market will remain stagnant and consolidate in the later stage, and specific attention will be paid to downstream follow-up.