In October, China’s Dipropylene Glycol Monomethyl Ether market continued to exhibit bullish tendencies as the prices ascended by 1.8% in the first half of October as compared to the previous month. This inclination is fueled by sustained demand from international markets, primarily the U.S. and Europe. This overseas interest has been key in driving the upward pricing trend in October, as export orders significantly support the market.

Domestically, however, the market faces a less favourable climate, with stagnant demand affecting consumer sentiment. China’s real estate sector, though far from full recovery, has shown slight improvements due to these continuous stimulus measures. This stabilization has indirectly benefited the Dipropylene Glycol Monomethyl Ether market by encouraging downstream sectors tied to construction and manufacturing. The production sector also benefited from a minor decrease in propylene oxide prices, one of Dipropylene Glycol Monomethyl Ether’s key feedstocks. This price dip enabled manufacturers to increase their production output and boost their inventory levels, securing more stock for both domestic and export needs. Hence, the supply levels for Dipropylene Glycol Monomethyl Ether have remained steady, with adequate inventory and no significant disruptions reported in the availability of Dipropylene Glycol Monomethyl Ether in October. Additionally, industrial production growth of 0.59% from August to September has likely provided momentum that carried into October, signalling resilience in the region’s industrial sector.

On the demand side, traders saw a steady stream of orders from international buyers, a trend that started in August and has sustained through October. The uptick in overseas demand has encouraged market players to remain optimistic, gradually increasing prices without making any abrupt adjustments. This cautious approach can be attributed to ongoing uncertainties within the domestic market, where consumer sentiment remains subdued.

Moving into November, China’s Dipropylene Glycol Monomethyl Ether market is expected to maintain its bullish trajectory, supported by the steady demand from international buyers. As long as orders from the U.S. and Europe continue, Chinese exporters are likely to feel comfortable maintaining or even slightly increasing their Dipropylene Glycol Monomethyl Ether price quotes. This demand from international players is anticipated to offset any potential dampening effects caused by domestic market sluggishness.

Additionally, the continuous government stimulus could further stabilize sectors tied to construction, automotive, and real estate, which are crucial to China’s domestic Dipropylene Glycol Monomethyl Ether demand. While domestic demand may still face challenges, the policy support might begin to show more pronounced positive effects, potentially lifting consumer confidence and stimulating additional industrial growth by year-end.

However, much of November’s market movement will depend on feedstock price stability. The current downtrend in propylene oxide prices could limit the rate of inclination of Dipropylene Glycol Monomethyl Ether prices amid the turbulent domestic end users’ conditions. However, overall, the outlook for November suggests continued strength in exports and a cautiously optimistic view domestically. With stable supply, ongoing stimulus, and sustained overseas interest, China’s Dipropylene Glycol Monomethyl Ether market may continue its gradual ascent barring any major economic or supply-chain disruptions.