DMC(dimethyl carbonate) is a high-performance solvent, can also be used to synthesize monomer diphenyl carbonate (DPC), tetramethylammonium hydroxide (TMAC), etc., used in lithium battery electrolyte, polycarbonate (PC), developer, solid phosgene, medicine, pesticides, optical resin, polyurethane, paint coatings and other industries, the downstream application is very wide. According to the purity, it is mainly divided into industrial grade one (99-99.8%), industrial grade excellent (more than 99.9%), battery grade (more than 99.99%).
With the rapid growth of the new energy market since 2021, as a lithium battery electrolyte solvent, the domestic DMC supply has grown rapidly, and by the end of 2023, the domestic DMC production capacity is about 2.6 million tons, while the corresponding domestic demand superposition export market is more than 1.4 million tons, and the market comprehensive operating rate is less than 60%.
In 2024, with the gradual production of new installations, the overall market supply will further increase, according to incomplete statistics, the new DMC production capacity in 2024 is about 1.97 million tons, and the overall market demand in 2024 is expected to be more than 1.6 million tons, only the new market capacity can cover all market demand.
The market supply and demand game still dominates the market trend in 2024, and there are several judgments for the market:
① Dimethyl carbonate products skyrocketing market end, rational price return.
② The construction period of new installations has been extended, the release of production capacity has been delayed, and the planned landing projects have been gradually reduced.
③ A variety of production processes, a variety of product quality survival of the fittest, each has survival soil.
④ Low prices give rise to product substitution applications, and there are incremental opportunities in the market.
Lithium new energy as a viable way to solve the traditional energy bottleneck and environmental pollution problems, the future can still be expected; However, the unbalanced development of the industrial chain causes the mismatch of supply and demand in time, so that enterprises on the industrial chain really feel what is called the ice and fire, and enterprises need to be rational when laying out the industrial chain. As a link of the industrial chain dimethyl carbonate industry winter has arrived, 2024, cost reduction, survival may be a common issue facing the entire industry! The industry should strengthen the construction of the industry and promote the healthy and sustainable development of the industry!
