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SunSirs: China DME Market Fell in August, or May It be Changed in September?

September 04 2020 10:29:01     SunSirs (Selena)

In August, the DME market was in the traditional off-season, showing a downward trend. According to the data monitoring of SunSirs, the average price of DME in Henan market on August 1 was 2,366.67 RMB/ ton, and that on August 31 was 2,206.67 RMB/ ton, down 6.76% in the month and 29.20% compared with January 1.

At the beginning of August, dimethyl ether Market as a whole was weak and fell, and the market trading atmosphere was general. Then the market ushered in the first rebound in the month, although the amplitude was not large, but it brought a significant boost to the market. However, the positive support was limited, and the rise was too short and fell again on August 13. On August 17, the market ushered in the second rebound within the month, but the rebound was not successful. Due to the continuous weak decline of methanol cost, and although the civil gas market was at a high level at this stage, the trading atmosphere was general, and the support for the rise of DME was limited. On August 23, they had no choice but to return to the downward channel, and the manufacturers lowered their prices and delivered the goods with profits.

In August, the overall LPG civil market showed an upward trend of shock, and the increase in the month was not prominent. As the traditional off-season has not passed, the terminal demand is limited, and the price rise has been restrained. The overall transaction atmosphere of Shandong civil gas market is weak, and the downstream is mainly replenished on demand, and the enthusiasm to enter the market is general. Although the overall market rose, the support for the DME market is relatively limited.

In September, the traditional off-season of DME market has passed, and as the weather gradually turns cold, the terminal demand will increase. The introduction of CP small rise in September also brought some support to the market. In the future, China DME market may stop falling and rise in September, and more attention should be paid to the trend of civil gas.

 

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