Chinese DMC Market Ran Upwards Continually (Dec 8-14, 2017)

During December 8-14, the Chinese dimethyl carbonate (DMC) market was stirred up. The downstream market was thin, which did not support the demand for DMC. Furthermore, the DMC units in East China restarted gradually. However, as the inventory was low and factories operated for previous contracts, the supply was flat. Moreover, influenced by the air pollution control, the supply of DMC was unclear. With the propylene oxide (PO) price increasing continually, the DMC producers felt hard to purchase raw materials, which supported players’ sentiment. As a result, the DMC offers went upwards. The downstream users showed poor interest in purchasing, because they stocked goods before. The trades were flat in the DMC market. The negotiation price of Chinese DMC was in the range of RMB 6,400-6,700/mt by acceptance.