China Dicyclopentadiene markets firmed through April, supported by export nominations and domestic Dicyclopentadiene restocking that boosted seller confidence. April Dicyclopentadiene trade remained orderly with run-rates unchanged, but overseas orders tightened availability. Routine maintenance at coastal crackers redirected Dicyclopentadiene volumes toward export parcels, while inventories at eastern terminals stayed balanced by month-end. The combined effect saw sellers lift offers toward month-end, underpinned by resilient demand from construction-related resin users and improved arbitrage economics for overseas buyers. Demand dynamics were mixed in intensity but skewed positive overall. Construction activity spurred stronger intake from unsaturated polyester resin makers, while export-led interest in resins, coatings and adhesives provided firm pillar. Capacity remains ample with Dicyclopentadiene run-rates in the high range, supported by arbitrage and loading programs. On the supply side, plentiful feedstock and manageable logistics tempered costs, though upside risk to crude-derived naphtha remains. Outlook signals modest gains in May and June, a softer July, and a rebound into autumn, contingent on demand and feedstock stability.
