Price trend

In May, the domestic DME market weakened as a whole, and the price showed a trend of twists and turns. The overall fluctuation of the market price of DME in Henan was limited. According to the data monitoring of the business community, the average price of DME in Henan market was 4,215.00 RMB/ton on May 1, and the average price on May 30 was 4,100.00 RMB/ton, a drop of 2.73% within the month, and a decrease of 1.36% compared with April 1.

Analysis review

In May, the overall trend of the domestic DME market was weak, and the price of DME in the Henan market showed a trend of falling-rising-falling. During the May Day holiday, affected by poor shipments, the manufacturer lowered the ex-factory price, and mainly shipped at a profit-cutting. Subsequently, the market price of raw material methanol rebounded, and the price of related products, civil gas, rose under the influence of crude oil, which brought obvious support to the market, and the price of DME continued to rise slightly. But at the end of the month, affected by the lack of terminal demand, the DME market returned to a weak position again, and the price fell.

On May 30, the methanol market in Henan weakened in a narrow range, and some companies' shipping prices were at 2,650 RMB/ton; some companies sold by bidding, and the transaction was 2,560 RMB/ton, and some were sold; some traders in Luoyang offered prices to 2,570- 2,590 RMB/ton. The methanol market in Hebei was dominated by wait-and-see. The local mainstream methanol ex-factory price was 2,550 RMB/ton, and the market had a strong wait-and-see atmosphere; the reference price in Tangshan was 2,650 RMB/ton.

Market outlook

At present, the market price of raw material methanol is weak, and the market price of the related product liquefied gas for civil use is consolidating in a narrow range, which brings limited support to the market. The overall market supply is low, and the inventory of manufacturers is relatively controllable. However, the traditional off-season is coming, the terminal demand is insufficient, and the enthusiasm for entering the market in the downstream is limited, which has brought obvious restraint to the DME market. It is expected that the price of DME may continue to decline in June.

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