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SunSirs: On March 24, the Market Price of DME Rose Steadily
March 25 2022 09:47:39SunSirs(John)

Price trend

According to the data monitoring of SunSirs, the average price of DME in Henan was 4,196.67 RMB/ton on March 23, and the average price on March 24 was 4,216.67 RMB/ton, with a single-day increase of 0.48%, and up 10.10% compared with the price on March 1.

Analysis review

On the 24th, the domestic DME market continued to rise and continued to rise. The Henan market rose steadily, and the Hebei and Shandong markets followed the rise. The price of raw material methanol rose, and the rising cost brought certain support to the market. In addition, the price of liquefied gas also rose due to the rise of international crude oil. The enthusiasm for entering the market downstream was acceptable, and the manufacturers had a strong mentality.

Market outlook

It is expected that the DME market still has room for rise in the short term.

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