Dimethyl Sulphate Prices on the Rise in Asia Amidst Increased Demand

Dimethyl Sulphate Prices on the Rise in Asia Amidst Increased Demand

Motoki Sasaki 22-May-2024

Shanghai (China): In the last few weeks, the price of Dimethyl Sulphate in Asia maintained its bullish trend due to increased downstream demand and supply disruptions in China. The rise of Dimethyl Sulphate was further supported by higher feedstock sulphuric acid costs and elevated crude oil prices. In China, while average new home prices in xxx cities increased in March, total sales by value among xxx real estate companies saw a significant year-on-year decline in the first quarter, highlighting ongoing challenges in the sector. DOW&#xx;s Qx xxxx results showed an uptick in coatings net sales, driven by increased volumes in the building and construction end-markets across various regions, demonstrating the resilience and growth potential of the construction sector within the global petrochemical landscape. The purchasing power of downstream products showed gradual recovery, supported by higher sulphuric acid and energy prices. Surges in crude oil prices, fueled by positive...

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