In October, the domestic DME market continued to rise as a whole. After the National Day holiday, the Henan market rose strongly, and the factory quotation continued to rise. According to the data monitoring of SunSirs, the average price of DME in Henan market was 4,230 RMB/ ton on October 7 and 4,630 RMB/ ton on October 13, with a post holiday increase of 9.46%, up 22.97% compared with August 1.
With the arrival of October, the domestic DME market continued to rise, with prices continuing to rise. Most prices in Henan market operated smoothly during the National Day holiday, and the main increase came from the end of the National Day holiday. Since October 8, the domestic DME market has risen significantly. The factory price of Henan DME has been reported continuously high, and the focus has moved up widely.
First, on the cost side, the raw material methanol market started to surge higher on September 1, bringing obvious benefits to the DME market. Until October 9, the methanol market gave up the increase and the price fell, but the early good still remained. According to the monitoring data of the business community, the average price of domestic methanol market was 2,528 RMB/ ton on September 1, 2,850 RMB/ ton on October 13, and the price rose by 12.74% during the period.
The second is the supply side. In the domestic DME market, many sets of devices, such as Hebi Baoma and Qinyang Shengxin, are parked. The market supply is low, and most manufacturers have no pressure on inventory.
The last is the demand side. With the end of the National Day holiday, the logistics recovery after the festival, the demand for downstream inventory and replenishment, the enthusiasm for entering the market is good, and the market trading atmosphere is relatively mild. The market is obviously favorable. The DME market has a strong driving force, and the markets in Hebei and Jiangxi are also significantly higher.
The raw material methanol market began to decline in a weak way on October 9, bringing some containment on the cost side. On the supply side, the manufacturer's inventory is still under control, and the mentality is relatively strong. On the demand side, the downstream maintains the replenishment on demand, and the market trading atmosphere is good. To sum up, although the supply and demand are still good, the price of DME has risen to a relatively high level, and the raw material methanol is weak. China DME market has insufficient momentum for continued growth, which may be stable in the short term.
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