The overall domestic DME market in Henan declined in January. According to data monitoring from SunSirs, the average price of DME in the Henan market was 3,775 RMB/ton on January 1st, and 3,725 RMB/ton on January 26th. The monthly decline was 1.32%, a decrease of 19.45% compared to the same period last year.

In January, the price center of DME in the Henan region continued to shift downwards. In early January, due to the decline in raw material methanol, the price of DME was lowered. Affected by the sluggish demand trend, upstream parking reduction enterprises continue to increase, and supply continues to decrease. However, due to the continued weak demand side, the price of DME further declined after a period of stalemate and consolidation. At the end of the month, the price of raw material methanol increased, and the cost pressure of DME increased. Under the contradiction of supply and demand, DME did not keep up with the increase.

The methanol market fluctuated and rose in January, with significant price increases at the end of the month. From January 1st to 26th (as of 3:00 pm), the average price of methanol in East China ports in the domestic methanol market increased from 2,450 RMB/ton to 2,565 RMB/ton, with a price increase of 4.89% during the cycle. The cost has increased, but the stability of DME has led to significant cost pressure on DME.

Overall, as the Spring Festival approaches, there has been no significant improvement in the downstream of DME. With cost support, it is expected that the DME market will maintain a weak and stable operation.

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