Dimethyl Carbonate Prices In China
- China: 608 USD/MT
The latest report by IMARC Group, titled " Dimethyl Carbonate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data ," provides a thorough examination of the Dimethyl Carbonate Prices . This report delves into the price of Dimethyl Carbonate globally, presenting a detailed analysis, along with informative Price Chart. Through comprehensive Price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the Demand, analyzing how it impacts Industry dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
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The study delves into the factors affecting Dimethyl Carbonate price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Dimethyl Carbonate Price Trend Last Quarter
The growth of the dimethyl carbonate (DMC) market is driven by its increasing use as a versatile chemical intermediate and environmentally friendly solvent. DMC is gaining power due to its application in the production of polycarbonates, which are in high demand for their use in various industries such as automotive, electronics, and construction, owing to their lightweight, durable, and impact-resistant properties.
Furthermore, DMC's role as a green solvent in paints and coatings, adhesives, and cleaning agents aligns with the global push towards sustainability and reduced environmental impact, making it a preferred choice over traditional, more hazardous solvents.
The rising demand for battery electrolytes in the burgeoning electric vehicle (EV) market also propels DMC consumption, as it is a key component in lithium-ion battery manufacturing. Additionally, its use in pharmaceuticals for synthesizing active ingredients and in agrochemicals for pesticides broadens its application scope.
Dimethyl Carbonate Industry Analysis
In Q4 2023, the North American dimethyl carbonate market experienced fluctuating prices and mixed demand trends. Initially, demand was unstable due to adequate material availability. In November, increased consumer spending and market activities improved the economic outlook, although downstream demand was modest. Despite recession concerns, consumer confidence grew in the US.
The battery manufacturing sector saw underwhelming procurement, contrasting with steady sales growth in the EVs market. Moreover, in the APAC region, the market witnessed volatility due to weak downstream demand and regular supply, leading to a bearish market sentiment. Demand from polycarbonate manufacturers was low to moderate, contributing to price declines. In China, prices fell continuously throughout the quarter but stabilized towards the end. Furthermore, the European DMC market faces a bearish pricing trend driven by weak demand from downstream sectors such as electrolyte solvent manufacturing.
In October, prices fell due to low consumer demand and a drop in new manufacturing orders. Despite a slight improvement in the manufacturing Purchasing Managers' Index (PMI), production contracting, and supply chain operations eased. November continued this trend with persistent low demand and ample material availability, leading to further price declines.
By December, sustained weak demand, high inventories, and destocking activities contributed to negative market sentiments. Upstream raw material prices dropped, factory gate deflation persisted, and year-end holidays led to reduced industrial activity and temporary suspensions of operations.
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hong Kong, Singapore, Australia, and New Zealand
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
- North America : United States and Canada
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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