[SMM Analysis] Solvent DMC, DEC, EMC Price Change Analysis

In September 2024, after a long period of stability, the prices of some electrolyte raw material solvents began to rise. Data shows that in September, the price of battery-grade DMC increased from 4,575 yuan/mt to 5,150 yuan/mt, a rise of 12.5%. The price of battery-grade DEC rose from 9,250 yuan/mt to 10,450 yuan/mt, an increase of 12.9%, and the price of battery-grade EMC increased from 7,575 yuan/mt to 7,775 yuan/mt, a rise of 2.6%.

The slight increase in solvent market prices in September was mainly due to the increased export volume of industrial-grade DMC, leading to tight domestic supply and a rise in industrial-grade DMC prices. This affected the sentiment of electronic-grade DMC, and the narrowing price spread between the two pushed up the price of electronic-grade DMC. Additionally, since EMC and DEC use industrial-grade DMC as a raw material, the cost further supported the price increase of the three solvents. At the same time, the operating rate of electrolyte producers increased, and the shipments of electrolytes rose, driving up the demand for solvents, which in turn led to their price increase.Entering October, the cost side prices stabilized, and the prices of electronic-grade DMC, EMC, and DEC began to level off, resulting in stable solvent prices in October.

However, the future price trend still needs to pay attention to the global economic situation and changes in industry supply and demand to better grasp market dynamics. Overall, the market still maintains a certain degree of flexibility to cope with possible future fluctuations.