SunSirs--China Commodity Data Group

Member ID: password: Join Now!
Commodity News

SunSirs: Energy, DME Market Rose and Fell in April, with Overall Decline

May 09 2020 10:58:02     SunSirs (Selena)

In April, the domestic market of DME changed too fast, and the overall market still fell. At the beginning of the month, the average price of domestic DME market was 2,590.00 RMB/ ton, and at the end of the month, the average price was 2,496.67 RMB/ ton, with a drop of 3.6% in the month, 27.21% lower than the same period last year.

Influencing Factors

Product: the market of DME fell in April, and the atmosphere of market transaction was better in the early stage and lighter in the later stage. As of April 30, there is no price for the parking of DME devices in Yutai, Shandong shengdeyuan, Henan Yima Xinyuan and Shanxi orchid company. The ex-factory price of DME of Henan Lankao Huitong Chemical Co., Ltd. was 2520 RMB/ ton, the ex factory price of DME of Henan xinlianxin Chemical Industry Group Co., Ltd. was 2490 RMB/ ton, and the ex-factory price of DME of Henan Shengxin Biotechnology Co., Ltd. was 2480 RMB/ ton, the factory price of DME of Hebei Jichun Chemical Co., Ltd. was 2600 RMB/ ton.

Market: at the beginning of April, DME market as a whole is the main actor. The international crude oil soared, driving the cost of methanol and LPG up. In addition, the downstream storage and replenishment operations after the Qingming Festival were more active in entering the market, the manufacturers shipped more smoothly, the inventory was released, and the price continued to push up. On April 9, the international crude oil fell, and the price of DME fell slightly, but then LPG continued to push up driven by the sharp rise in propane, which brought benefits to the market of DME. DME took advantage of the trend to keep up with the rise, and the price of Henan Xinlianxin increased for four consecutive days. Subsequently, with the sharp fall of LPG, DME followed the decline, and the price dropped sharply in the short term. On April 23, under the favorable rebound of international crude oil, LPG market rose slightly, while DME only stopped falling and stabilized, and then rose slightly. But it ended down again at the end of the month.

Industry: according to the price monitoring of SunSirs, there were four kinds of commodities in the list of rise and fall of bulk commodity prices in April 2020, among which the top three commodities were LPG (4.99%), MTBE (4.92%) and methanol (3.59%). There were 12 kinds of commodities falling on a month on month basis, with 6 kinds of commodities falling by more than 5%, accounting for 37.5% of the monitored commodities in the sector; the top three products falling were WTI crude oil (-25.05%), asphalt (-23.39%) and naphtha (-18.96%). This month's average price was -6.46%.

Market Forecast

The price of domestic methanol continued to decline in late April, and the international oil price fell to a negative number in April. Market panic spread and investors' interest was not high. The civil use of LPG was also vulnerable to the impact of crude oil, but at present, the terminal market is mostly recovering, the demand for catering industry has increased, to some extent, it has been supported, and the price of DME has dropped to a relatively low level, with limited space for decline. It is expected that DME Market as a whole may rise slightly.


If you have any questions, please feel free to contact SunSirs with


Rubber & plastics
Non-ferrous metals
Building materials
Agricultural & sideline products