In August, the domestic DME Market as a whole continued to rise, and the Henan market showed a phased rise. According to the data monitoring of business agency, the average price of DME in Henan market was 3,765 RMB/ ton on August 1 and 4,030 RMB/ ton on August 31, with an increase of 7.04% in the month and 13.12% compared with the same period last year.

In August, the domestic DME market price was relatively strong, the ex factory quotation in Henan market was increased in stages, and the Hebei and Shandong markets were also significantly higher. There were many positive factors in the market in August, first of all, Henan Yima and other enterprises carried out equipment maintenance in the month, which significantly reduced the market supply. The raw material methanol market increased in the second half of the month, which brought certain support to the market in terms of cost. The civil gas market of related products was strong in August, which was favorable to the market. The market entry is more active in the downstream buying mentality. The inventory of the manufacturers is in a controllable state. The mentality is relatively strong and the price rises in stages.

In the spot market of raw methanol, at the end of the month, the price focus of domestic methanol market rose, and the rebound of crude oil and coal boosted the futures market. At the same time, the inventory of manufacturers was low, and traders were in a rising mood. According to the monitoring data of business agency, from August 22 to 29, the average price of domestic methanol market increased from 2,458 RMB/ ton to 2,539 RMB/ ton. During the period, the price increased by 3.26%, and the price fell by 2.23% month on month and 2.91% year on year.

On the whole, the raw material methanol is currently the main actor in the market, and the cost side has brought some support to the market. The civil market of liquefied gas, a related product, was supported by the rise of international crude oil at the end of the month, and the price rose significantly. In addition, the peak season is coming, and the operators are in a good mood. At present, the price of DME in Henan market has mostly risen to above 4,000 RMB/ ton. However, in September, the units of some manufacturers recovered, and the market supply level was improved, which brought some restrictions. It is expected that China DME market will rise steadily in September.

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