- Price Trend
The domestic market price of dimethyl ether (DME) (Henan) rose slightly last week. At the beginning of the week, the average price of domestic DME (Henan) market was 2,926.67 RMB/ton, and at the end of the week, the average price was 2,946.67 RMB/ton, up 0.68% in the week, and the price was 23.6% lower than the same period last year.
- Market Analysis
Product: last Tuesday, the transaction atmosphere of DME (Henan) market improved. As of December 6, the DME units of Hebei Yutai, Henan lankaohuitong and Shanxi Lanhua science and Technology Co., Ltd. had been shut down for maintenance; the DME unit in Henan Yima Xinyuan had failed, so the quotation was not offered temporarily, and Henan Qinyang Shengxin also made no offer. The ex-factory price of DME of Henan Xinlianxin Chemical Industry Group Co., Ltd. was 2,970 RMB/ton, that of Hebei Jichun Chemical Co., Ltd. was 3,200 RMB/ton, that of Shandong Dezhou Shengdeyuan company was 3,050 RMB/ton, and that of Shandong Yuhuang was 3,100 RMB/ton.
The operating rate of DME market last week was higher than that of the previous week. Last week, the cost of methanol was more stable, some regions slightly adjusted, and the civil use of LPG continued to rise. The cost was a good support for the market. Some enterprises in Henan province planned to store and park, and the overall supply of the market would be reduced, but at present, there is no substantial change in the terminal demand of DME market, which has some impact on the upward.
Industry: according to the price monitoring of SunSirs, in the 48th week of 2019 (12.2-12.6), there were 10 kinds of commodities rising month on month in the energy sector, among which there were 3 kinds of commodities rising by more than 5%, accounting for 18.8% of the number of commodities monitored in the sector; the top 3 commodities were WTI crude oil (5.91%), MTBE (5.62%) and gasoline (5.07%). There were 2 kinds of commodities falling on a month on month basis, the first two products falling were LNG (- 0.58%) and fuel oil (- 0.22%). Last week's average was up or down 1.71%.
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