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SunSirs: China DME Market Rose in Shock in Early January
January 20 2021 10:51:35SunSirs(Selena)

In 2021, China DME market continued the rising trend at the end of 2020. At present, the trend of DME twists and turns, and the overall fluctuation rises. According to the data monitoring of SunSirs, the average price of DME in Henan market was 3,333.33 RMB/ ton on January 1, and 3,540.00 RMB/ ton on January 15, with a half month increase of 6.20%. As of January 15, the domestic market prices of DME are as follows:

After the New Year's Day, due to the strong trend of international crude oil, the price of LPG civil market rose sharply, the news was favorable to the market mentality, and the demand for storage and replenishment after the festival in the downstream, the market enthusiasm was high, the market transaction atmosphere was good, the manufacturers shipped smoothly, the inventory was mostly at a low level, and the ex factory price was greatly increased.

According to the data monitoring of SunSirs, the market weakened from January 10 to 11. Due to the rapid price rise in the civil LPG market after the festival, the market transaction atmosphere was obviously weakened compared with the previous period, and the power to continue to rise was insufficient. DME market was affected; manufacturers slightly reduce the ex-factory price. But just two days later, the market went up again, and the wide rise of methanol cost market boosted the market. On January 12, the international crude oil rose, and the news boosted the market mentality. The civil LPG market followed the rise, and the gas ether price difference opened again. The LPG futures rose, and the DME market mentality improved, following the rise of civil gas. Downstream active replenishment, manufacturers ship smoothly.

At present, the operating rate of DME market is about 16%, which is not different from the previous period, and the market supply is relatively stable. In terms of demand, the terminal demand is better, and the downstream market is more positive. But the cost of horizontal finishing, the market support is limited. In the future, the DME market may be dominated by weak consolidation in the short term.

 

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