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SunSirs: DME Rose Steadily in January Due to Demand Support
January 31 2023 13:42:42()

In January, the overall center of gravity of the domestic dimethyl ether market moved up, and the Henan market actively pushed up the price, after which the price turned from rising to stabilizing. According to SunSirs data monitoring, the average price of dimethyl ether in Henan market on January 1 was 4,450 yuan/ton, and the average price on January 29 was 4,625 yuan/ton, an increase of 3.93% within the month, an increase of 22.54 compared with the same period last year. %.

As of January 29, the mainstream transaction prices of dimethyl ether in various domestic markets are as follows:

Region Mainstream offer(RMB/ton)
Shandong area 4000-4100
Hebei area 4000-4050
Henan area 4000-4150

In January, the domestic DME market rose steadily, with the DME Henan market mainly pushing up slightly. Since the beginning of the month, the downstream phased replenishment has begun, and the transaction atmosphere in the market has become stronger, and the low inventory of DME companies has been actively pushed up. Later, as the Spring Festival approached, the peak of downstream replenishment had passed, and prices stabilized and stabilized. The price of related products liquefied petroleum gas rose all the way in January, which further boosted market confidence. During the Spring Festival, the market of dimethyl ether remained stable, and the demand and capacity gradually recovered after the festival. Supported by rising costs, some factories in the DME market began to increase after the festival.

On the whole, the raw material methanol market showed a significant rise at the end of the month, and the support for dimethyl ether in terms of cost was significantly enhanced. On the demand side, downstream demand gradually recovered and followed up steadily. On the supply side, the on-site inventory is low, and the supply is relatively stable. Under the influence of various factors, the favorable factors are expected to drive the dimethyl ether market in Henan to run steadily in the near future.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

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