At the beginning of September, the domestic DME market price continued to rise, and the Henan market continued to rise, with an obvious range. According to the data monitoring of SunSirs, the average price of DME in Henan market was 3,990.00 RMB/ ton on August 29 and 4,160 RMB/ ton on September 5, with an increase of 4.26% in the week and 17.43% compared with the same period last year.
Last week, the domestic DME Market was obviously positive, and the price was strong and adjusted upward. Recently, due to the impact of social and public health events, the road transportation in some areas was blocked, some manufacturers stopped their devices, and the market supply continued to decrease. The mentality of manufacturers was boosted by this, and prices continued to rise. In addition, during the week, the market price of raw material methanol increased mainly, and the market price of related products and civil gas also rose, which brought certain benefits. The downstream is supplemented on demand, and the market trading atmosphere is mild.
On September 5, the prices of enterprises in southern Shandong were concentrated around 2,630-2,650 RMB/ ton, and the local prices in Linyi were around 2,700 RMB/ ton. The ex factory quotation of enterprises in central and eastern Shandong is around 2,680-2,700 RMB/ ton. The methanol market in the two lakes region is rising, and the mainstream negotiation of some enterprises in Hubei Province is about 2505-2600 RMB/ ton; Some traders in Hunan offer about 2,700-2,710 RMB/ ton
At present, the raw material methanol market is mainly rising, which brings certain support in terms of cost. As of September 1, the international crude oil futures continued to fall sharply for three trading days, and the civil market of liquefied gas, a related product, continued to rise weakly and the price weakened slightly. However, the support brought by the low supply in Henan market is obvious, and the manufacturers' mentality is relatively strong. It is expected that the DME market will be strong in China.
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