SunSirs: The Price of Dimethyl Ether Continues to Climb and Most of Them Successfully Break Through 4000 RMB

Recently, the price of dimethyl ether in the rising line is going further and further, the current domestic prices in most regions have risen more than 4000 RMB/ton mark. According to the SunSirs data monitoring, on May 6, the average price of dimethyl ether in Henan market was 3185.00 RMB/ton, on May 19, the average price was 3910.00 RMB/ton, during which the rise was 13.01%, 63.37% higher than the same period last year. As of May 18, the domestic market prices of DME in various regions are as follows:

In May, the price of dimethyl ether rose continuously. As can be seen from the annual comparison chart of the price of dimethyl ether by the SunSirs, the current market of dimethyl ether in Henan is at a relatively high point. Compared with the previous two years, the price is higher than in the same period. The current domestic regional prices have risen to more than 4000 RMB/ton.

Although the market price of dimethyl ether is still going up, the increase is significantly narrower than in the early days. With the early good consumption, pushed to the dimethyl ether rose to a relatively high, but the downstream of the high acceptance capacity is a limited, more cautious mentality, enthusiasm to enter the market has turned weak. And the demand side, the weather temperature is rising, the terminal consumption capacity is limited, to the market to bring a significant constraint. Looking at the cost of methanol market, since the early rise is good for the rise of raw materials, but recently the market in some parts of the methanol market has fallen, and the domestic market is mixed, which brings limited good to the dimethyl ether market, so the rise of dimethyl ether has narrowed compared with the previous period.

The cost methanol market was mixed. Shandong methanol Lubei market 2580 RMB/ton sent to spot exchange. The methanol market in the southern region of Shandong negotiated the price to 2720 RMB/ton and the nearby factory withdrew the spot exchange. Linyi local goods to negotiate a price to 2680-2700 RMB/ton to the spot exchange, logistics goods offer price to 2600-2630 RMB/ton to the spot exchange. In the methanol market of the Shandong Luzhong region, the transaction volume was 2,600-2610 RMB/ton to be sent to spot exchange. The market transaction volume was light and the discussion atmosphere was cautious. The methanol market in Henan was narrow and low, and the trading was deadlocked. The bidding transaction price of Henan's main enterprises was 2570 RMB/ton, which was 30-35 RMB/ton lower than that of May 17; other enterprises offer lower, reference price 2630-2640 RMB/ton, factory cash; Luoyang market offer reference 2630 RMB/ton can spot exchange. The methanol market in the Hubei and Hunan provinces was higher, and the buying was more wait-and-see. Hubei Main enterprises offer up, other enterprises offer stable, ex-factory reference 2750-2800 RMB/ton factory withdrawal spot exchange; Hunan market offer reference 2920-2960 RMB/ton to spot exchange.

At present, although the raw material methanol market is somewhat loose, the current price is still strong, and favourable effects on the market still exist. LPG civil market in the international crude oil rose slightly under the favourable market has warmed up. The Supply-side, dimethyl ether market still maintain low load operation, low supply to support high prices. Dimethyl ether market is expected at the short term prices are mainly firm. But bearish factors still exist, as the weather temperature rises, the off-season is approaching, in the long run, the dimethyl ether market is still expected to weaken.

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