SunSirs: Further Up Power is Insufficient, Dimethyl Ether Market Offer Fell

In late May, the market for dimethyl ether was not strong enough to continue to rise, the offer was loose, and the price was adjusted back as a whole. At present, the overall quotation of the market fell back below 4000 RMB/ton. According to the data monitoring of SunSirs, the average price of dimethyl ether in Henan market was 3910.00 RMB/ton on May 19 and 3822.50 RMB/ton on May 24, with a decrease of 2.24% during the period and an increase of 60.16% over the same period last year. As of May 24, the domestic market prices of dimethyl ether are as follows:

Although the dimethyl ether Market has recovered recently, the range is limited, According to the annual comparison chart of dimethyl ether prices of SunSirs, it can be seen that the current market price of dimethyl ether in Henan is still at a high point, which is higher than that in the same period of the previous two years.

The domestic dimethyl ether Market as a whole fell on May 19. As of May 24, the market in Henan had declined by about 150-170 RMB/ton. Hebei market fell by 150 RMB/ton. Shandong market fell by 170 RMB/ton. Jiangxi market fell by 100 RMB/ton. In the early stage, as the price continued to rise, the resistance of the downstream to high prices increased, the enthusiasm for entering the market weakened, and the overall transaction atmosphere of the market was general. In addition, the recent offer of raw material methanol market is lower and the trading volume is weak, which brings limited benefits to dimethyl ether. In terms of market demand, with the rising weather and temperature, the terminal demand is limited and the performance in general. Individual manufacturers are blocked in shipment and the inventory has increased. At present, there are many negative factors, the power of dimethyl ether continued to rise is insufficient, and the price has come down.

The overall cost of the methanol market fell mainly, and the factory quotation of enterprises in southern Shandong decreased by 90 RMB to 2570 RMB/ton. Linyi local delivery offer 2540-2560 RMB/ton, downstream just need to purchase, industry more wait and see. The ex-factory quotation of enterprises in the Middle East of Shandong Province was reduced by 80 RMB, around 2720-2800 RMB/ton; Dongying, Zibo, and other surrounding market traders temporarily stay on the sidelines, focusing on the price dynamics in Northwest China. The methanol market trend in Hebei is general. The price of methanol in Shijiazhuang and its surrounding areas is about 2550 RMB/ton. At the beginning of the week, most of the factories are mainly on the lookout, and most of them have not yet issued new prices; Tangshan reference price is stable at 2750 RMB/ton. Hubei and Hunan provinces are weak in some parts, and the industry is mainly on a wait-and-see basis. Some enterprises in Hubei Province are mainly negotiating about 2780-2800 RMB/ton; Some traders in Hunan offer about 2830-2850 RMB/ton.

At present, the raw material methanol market is weak, while the overall trend of the LPG civil market is still weak, which brings limited support to the market. Under the mentality of buying up but not down, the enthusiasm for entering the market turns weak, and the market transaction atmosphere in general. As the weather temperature rises and the off-season is coming, there are many negative factors in the dimethyl ether market, and it is expected that the dimethyl ether market will still be weak in the later stage.

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