In December, the overall center of the domestic dimethyl ether market moved downward, and Henan market was hit by the surrounding low price goods, which also allowed profits and goods. According to the data monitoring of the business community, the average price of dimethyl ether in Henan market was 4620 RMB/ton on December 1, and 4500 RMB/ton on December 28. The monthly decline was 2.6%, up 20.97% compared with the same period last year.

As of December 28, the market prices of dimethyl ether in various regions in China are as follows:

Regional mainstream quotation

Shandong 3700-3800 RMB/ton

Hebei 3800-4600 RMB/ton

Henan 3800-4500 RMB/ton

At the beginning of December, the overall transaction focus of the dimethyl ether market moved downward. Although the market inventory position, the downstream demand was slow to follow up. At the same time, the crude oil price fell several times to a new low in the year, which depressed the mentality of the industry. Upstream shipment was the first, and the focus of individual enterprises' negotiations was lowered. The market in Henan is relatively strong, the offer of enterprises is stable, and the actual transaction price is loose. In the middle of the month, the overall transaction focus of the dimethyl ether market further moved down, the price of raw methanol was weak, and the crude oil market continued to decline, further depressing the mentality of the industry. In order to stimulate the delivery of goods, the dimethyl ether factory sells at a profit. The downstream wait-and-see atmosphere is strong, and procurement is restrained. Under the influence of multiple negative factors, the price of dimethyl ether has obviously loosened. Supported by the only positive low inventory, the price has stabilized. At the end of the month, due to the impact of domestic public security incidents, the transportation manpower was limited, and the demand for dimethyl ether was further suppressed. Although Henan's large factories stopped for maintenance, and the supply was tightened, the market was not effectively boosted, and the price declined steadily.

In a word, the market of raw material methanol is weak, and the support for dimethyl ether in terms of cost is limited. In terms of demand, the downstream maintains just in demand procurement, and it is difficult to scale up demand due to the impact of transportation. In terms of supply, the overhaul enterprises in many places have no restart plan for the time being, and the on-site inventory is controllable. Under the supply and demand game, it is expected that the dimethyl ether market in Henan will operate in a weak and volatile way in the near future.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.