Price trend

This week, the domestic DME market showed a trend of rising first and then falling, and the price dropped significantly over the weekend. According to the data monitoring of SunSirs, the average price of DME in Henan market was 4,096.67 RMB/ton on March 6, and the average price on March 13 was 4,330.00 RMB/ton, with an increase of 5.70% during the week, and up 14.35% compared with February 1.

Analysis review

Recently, the domestic DME market has ushered in a sharp correction after continuous rises, and various regions have generally fallen. The main production areas in Henan generally fell by 300 RMB/ton on the 11th. The market continued to rise in the early part of the week, and the price fell sharply in the latter part of the week. The market price of raw material methanol stabilized, and the price of liquefied gas in the civil market ushered in a decline, which brought limited support to the market. In addition, the terminal demand was weak, the enthusiasm for entering the market in the downstream was limited, the methyl ether market was unable to continue to rise, and the price fell sharply, which mainly stimulated the downstream to enter the market. Shandong and Hebei regions also followed the decline.

This week, the domestic methanol market rose first and then stabilized. The main factor affecting the methanol price this week was the wide fluctuation of the crude oil market. At present, the upstream factories in the main production areas are not under pressure, and at the same time, the downstream inventories are also not high. With the correction of crude oil prices, market sentiment returned to calm.

Market outlook

At present, the raw material methanol market is stable, and the civil market price of liquefied gas has fallen due to the influence of international crude oil. The market has no favorable support for the time being, the terminal demand is weak, the enthusiasm for entering the market from the downstream is limited, and the market trading atmosphere is weak. Manufacturers have significantly lowered their ex-factory quotations, focusing on profit-cuting shipments. It is expected that the price of DME market may still fall in the short term.

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