In November, the domestic DME market in Henan fell weakly. According to data monitoring by SunSirs, the average price of DME in the Henan market was 3,700 RMB/ton on November 1st, and 3,650 RMB/ton on November 30th. The monthly decline was 1.35%, a 21% decrease compared to the same period last year.

In November, the overall performance of the domestic DME market was weak, with a weak and stable operation. At the beginning of the month, raw material prices were weak, and the mentality of the industry was weak. Upstream supply tightened, but downstream demand further weakened, leading to a decrease in the price of DME. Subsequently, the market entered a stalemate and consolidation stage, with weak supply and demand on the exchange and a lack of positive signals to guide the market. The quotation remained stable until the end of the month.

In November, the raw material methanol market fluctuated and rose. Due to the impact of supply and demand, prices fluctuated all the way. At the end of the month, the market was boosted by a decrease in imported resources, resulting in a wave of upward trend.

Overall, the contradiction between supply and demand in the DME market has intensified, with sufficient supply, weak demand, and tight profits. It is expected that the DME market will continue to operate weakly in the short term.

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