SunSirs: Market was not Good, China DME Market was Weak and Declined
January 27 2021 11:04:53 SunSirs (Selena)
In late January, the market price of DME decreased. According to the data monitoring of SunSirs, the average price of DME in Henan market was 3,540.00 RMB/ ton on January 17 and 3,480.00 RMB/ ton on January 25, down 1.69% in the week.
Although the overall decline was not large, the market lacked positive support. Take Henan xinlianxin as an example. On January 17, the ex-factory quotation of Henan Xinlianxin DME was 3,560 RMB/ ton. On January 25, the price dropped to 3,460 RMB/ ton, and then dropped 100 RMB/ ton in a week, and the price returned to below 3,500 RMB/ ton.
According to the data monitoring of SunSirs, Shandong methanol market began to decline continuously from January 13. Until January 25, the price did not rise, and the overall trend was weak. The falling cost has brought some pressure on the DME Market. As the LPG civil market, the international crude oil fell in shock, and the market mentality was cautious. The manufacturer's shipment was blocked and the inventory was increasing. The factory price was continuously reduced and the profit was given priority to the shipment. Civil gas market fell, gas ether price gap gradually narrowed, and DME declined.
At present, the civil gas market continues to be weak, and the decline rate is increasing, which has a significant impact on the dimethyl ether Market. Although the market operation rate has decreased compared with the previous period, the demand is weak, enthusiasm mentality is cautious. The manufacturer's shipment is not smooth, the inventory pressure is rising, and the market is lack of obvious advantages. It is expected that China DME market will continue to be weak in the short term, and there is still a possibility of decline.
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