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SunSirs: Dominate by Favorable Factors, China DME rises nearly 6% in the Week

September 24 2020 07:49:25     SunSirs (Selena)

In the third week of September, the DME market continued to rise. According to the data monitoring of SunSirs, the average price of DME in Henan market on September 13 was 2,406.67 RMB/ ton, and that on September 18 was 2,546.67 RMB/ ton, up 5.82% in the week and 15.23% higher than that on September 1.

At present, due to the decrease of supply in Henan market, the manufacturers' shipment is smooth, and DME inventory is mostly in the low level. Hebei and Shandong upstream mentality is also relatively strong, the shipping atmosphere is mild, mainly with the rise.

At present, the international crude oil rebounded sharply, which brought a certain boost to the domestic gas. However, due to no obvious improvement in terminal demand, the market mentality was unfavorable and the price rise was restrained. In terms of cost, methanol price is firm, and with the downstream start to prepare goods before the festival, there are many favorable factors in the market, and there is still a possibility of upward trend. At present, under the support of traditional peak season, the market mentality is good. In the future, the trend of China DME Market in the short term is strong, stable and upward.

 

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