Last week (7.17-7.21), the domestic DME market declined steadily. According to the commodity market analysis system of SunSirs, the average price of DME in Henan market was 3,775 RMB/ton on July 3, and 3,775 RMB/ton on July 7. There was no rise or fall in the cycle, down 1.95% compared with the same period last year.

Last week, the domestic DME market maintained stable operation, and the Henan region operated smoothly. In terms of supply, the Henan Xinlianxin DME Plant has been shut down and supply has been tightened. In terms of demand, downstream demand is still in a seasonal off-season, with primary demand being just in demand. In terms of cost: Recently, the methanol market has been fluctuating and rising, with increased cost support. Overall, the DME market is in a state of low production and low sales, with sluggish demand and weak driving force.

According to the Commodity Market Analysis System of SunSirs, the raw material methanol market has been operating in a weak and volatile manner recently, with sufficient market supply and slow downstream improvement. It will continue to operate in a weak manner in the near future.

Overall, the cost of raw material prices has increased. Although there is a willingness from the upstream to push up, the downstream is not willing to buy it. It is expected that in the short term, the upward momentum of the DME market will be insufficient, and the consolidation and operation will be carried out.

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