Morning Market Alert for Dimethyl Carbonate

I. Key Focus Points (Highlighting Cost Changes, Weekly Supply-Demand Outlook, and Hot Events)

1. October 27: Multiple parties continue to push for de-escalation in the Middle East situation, easing concerns over supply risks and causing international crude oil prices to fall. NYMEX WTI crude oil futures (December contract) closed at $99.90/bbl, down $1.86/bbl (-1.83% WoW); ICE Brent crude oil futures (December contract) closed at $113.88/bbl, down $1.93/bbl (-1.67% WoW). China INE crude oil futures (December 2026 contract) fell by CNY 8.1 to CNY 731.6/bbl; the night session dropped by CNY 18.7 to CNY 712.9/bbl.

2. Propylene Oxide (PO): On the previous trading day, the domestic PO market trended downward amid consolidation. On the supply side, Wanhua Chemical’s Phase III unit gradually shut down, while other units remained stable. Operating plants experienced sluggish sales over the past two days, with some accumulating inventory. Today, negotiations continued, and transaction prices shifted slightly lower. The price of propylene, the key raw material, declined. Downstream demand remained cautious as buyers monitored various factors, leading to reduced purchasing volumes. The market followed a wait-and-see approach amid weak bargaining power.

Note:

1. DMC specifications are industrial grade.
2. Unit: CNY/ton.
3. Price basis: Shandong (ex-factory, acceptance), East China (delivered, acceptance), South China (delivered, wire transfer), Northwest China (ex-factory, wire transfer).
4. Change rate refers to the week-on-week percentage change.

III. Market Outlook

Note:

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

Forecast: On the previous trading day, the domestic DMC market exhibited consolidation following an upward trend. Driven by sustained price increases in earlier periods, end-user enterprises’ fear-of-missing-out (FOMO) sentiment intensified, significantly boosting procurement enthusiasm and accelerating market entry for purchases, which warmed up trading activity. Currently, after a round of price hikes, the market has entered a consolidation phase. Suppliers maintain a relatively positive sentiment, but future trends depend on the sustainability of downstream demand and changes in raw material costs. Chempricehub Information believes that the short-term domestic DMC market will primarily remain in consolidation, with attention focused on raw material prices and supplier shipment conditions.