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SunSirs: Demand Was Weak, and the Price of Methyl Ethyl Carbonate Was Stable

Time:2024-05-11

Price trend

On May 8th, the market price of methyl ethyl carbonate remained stable, with electronic grade market prices ranging from 8,300 to 8,400 RMB/ton, unchanged from the previous day.

Analysis review

There was an upward trend in the production of methyl ethyl carbonate in May, and some factories on site had expressed plans to start production; Anhui Dongke's annual production of 500,000 tons of methyl ethyl carbonate and 100,000 tons of diethyl carbonate (Phase I) project had been officially put into operation. Driven by the overall supply side of the methyl ethyl carbonate market, supply had increased and capacity utilization had slightly improved. However, from the demand side, downstream users also need to restock after the holiday, so the magnitude of the change will not be too large. In early May, demand was in a weak trend.

Market outlook

Overall, the domestic market for methyl ethyl carbonate had remained stable in recent times, and attention will be paid to the recovery of factory operations and the expected boost in downstream demand. With the further recovery of the supply side, the supply and demand situation in the methyl ethyl carbonate market remains abundant in the short term. Analysts from SunSirs predict that the methyl ethyl carbonate market will be weak and narrowly consolidated in the future.

From:SunSirs