SunSirs--China Commodity Data Group

Sign In

Join Now

Contact Us

Home > DME News > News Detail
DME News
SunSirs: In February, the DME Market Was Weak and Fell
March 01 2023 10:51:59SunSirs(John)

Price trend

In February, the domestic DME market significantly declined, and the DME market in Henan stepped down. According to the data monitoring of SunSirs, the average market price of DME in Henan was 4,640 RMB/ton on February 1, and 4,350 RMB/ton on February 27. The monthly decline was 6.25%, and up 13.97% from the same period last year.

Analysis review

In February, the decline of the domestic DME market intensified, and the market of DME continued to fall under the shadow of bad news. At the beginning of the month, with the end of the periodic replenishment of the downstream, the demand began to weaken gradually. At the same time, the market of raw material methanol was weak, and the cost support was general. DME enterprises gave up profits to sell goods. With the aftermarket, the demand was significantly lower than expected, and the inventory of enterprises increased. In order to stimulate the sales, the factory quotation was further reduced. In late February, the price of raw materials rebounded significantly, and the cost support was strengthened. However, the DME maintenance unit resumed operation, and the market supply increased, resulting in the price remaining weak and falling.

Market outlook

In general, raw methanol fell at the beginning of the month. After a period of volatile operation, it rebounded significantly around February 20, and the market continued to the end of the month. It can be seen that the cost support of DME had changed from weak to strong, but under the constraint of demand, DME had not rebounded. From the perspective of the market in March, it is difficult to change the situation of oversupply in the market in the short term, and it is expected that the market will be weak and sorted out in the short term.

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

Exchange Rate:

8 Industries
Energy
Chemical
Rubber & Plastics
Textile
Non-ferrous Metals
Steel
Building Materials
Agricultural & Sideline Products