In November, the domestic DME market was stable on the whole, and the price performance in Henan market was firm, but the increase was limited. According to the data monitoring of SunSirs, the average price of DME in Henan market was 4,590 RMB/ ton on November 1, and 4,620 RMB/ ton on November 25. The monthly increase was 0.65%, up 12.27% compared with the same period last year.

In November, the domestic DME market was relatively strong as a whole, Henan market continued to rise slightly, Hebei and Jiangxi markets rose at the low end, and the high-end market remained stable. In November, the DME market was affected by many factors, and the upward momentum was insufficient. On the cost side, methanol as raw material fell significantly on November 6. As of November 11, methanol fell by as much as 5.9% during this period, and then began to rise in shock, but the increase was still smaller than the decline. The decline of raw material had a negative impact on the DME market. On the supply side, many sets of devices, such as Hebi BMW and Qinyang Shengxin, were parked, and the restart plans of Henan Yongcheng and Shanxi Danfengcun were implemented. The actual market supply was low, and most manufacturers had no pressure on inventory. On the demand side, the downstream demand is tepid. At the same time, affected by domestic health and safety incidents, the transportation in many places is not smooth, which inhibits the delivery of goods. The demand side has obvious constraints on the market, while the DME enterprises mostly choose to set production by sales, the supply continues to be at a low level, the willingness to adjust significantly is insufficient, and the products are delivered first to ensure stability.

To sum up, the current raw material methanol market is weak, and the cost has limited support for DME. In terms of demand, the downstream maintains just in demand procurement, and it is difficult to scale up demand due to the impact of transportation. In terms of supply, the overhaul enterprises in many places have no restart plan for the time being, the on-site inventory is controllable, the manufacturers have a firm mentality, and there is no profit giving plan. Under the supply and demand game, it is expected that the DME market in China Henan will maintain stable in the near future.

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