In mid-June xxxx, the global Dimethyl Sulphate (DMS) market witnessed a significant downfall, primarily owing to a decline in upstream methanol prices. DMS is an important chemical intermediate that finds widespread application as a methylating agent in the manufacture of dyes, surfactants, agrochemicals, and pharmaceuticals. With falling methanol prices and stable sulfuric acid prices, production economics suffered, leading to a turn in market sentiment towards caution.
Whereas freight and logistics charges were held constant, the cost-rebalancing resulted in price adjustments in both regional and international markets. DMS’s downstream markets maintained constant procurement, though with increased focus on variations in input prices.
DMS prices in the US experienced a slight but discernible drop, settling at USD xxxx/MT. While the cost of sulfuric acid stayed constant, the price decrease was mostly caused by a drop in methanol, the principal feedstock...
