Price trend

This week (12.12-12.16), the domestic dimethyl ether market stabilized after falling, and the trend in Henan was the same. According to the data monitoring of SunSirs, the average price of dimethyl ether in Henan market was 4,500 RMB/ton on December 12, and 4,500 RMB/ton on December 16. There was no rise or fall in the week, up 19.68% compared with the same period last year.

Analysis review

This week, the overall transaction focus of the domestic dimethyl ether market further moved down. At the beginning of the week, the enterprise's quotation was lowered and then stabilized. The price of raw material methanol was weak and lower, while the crude oil market kept declining, further depressing the mentality of the industry. In order to stimulate the delivery of goods, the dimethyl ether factory sold at a discount. The wait-and-see atmosphere of downstream was strong, and procurement was restrained. Under the influence of multiple negative factors, the price of dimethyl ether was obviously loosened. Supported by the only positive low inventory, the price stop falling and stabilized.

The market of raw methanol was weak and lowered. Many methanol plants in many places were under maintenance or production reduction. Although the supply was tight, the downstream buying gas was weak. The market was in a situation of weak supply and demand, and it was difficult to improve the market in the short term.

Market outlook

In a word, the raw material methanol continued its weak market, the downstream demand increment was limited, and the local supply had been tightened, but the overall impact was small. It is expected that the dimethyl ether market will operate in a weak and volatile way next week.

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