SunSirs: Bad Market Situation, China DME Market Keeps Falling

Recently, the trend of domestic DME market is weak, and the price has been reduced. The most obvious drop is in the main production area of Henan Province, and some manufacturers have adjusted the price for the second time. According to the data monitoring of SunSirs, the average price of DME in Henan market was 3,285.00 yuan / ton on June 20 and 3,165.00 yuan / ton on June 22, with a drop of 3.65% in only two days, up 44.30% over the same period last year.

Since June, the domestic DME market price has been continuously reduced. On June 2, it fell by more than 3%. There are many negative factors in the current market, and the weak terminal demand is the main factor leading to the price reduction.

In terms of cost methanol market, the international crude oil price rose sharply on June 22, which brought certain benefits to the market, and the methanol market stopped falling. Production enterprises in the main production areas of Northwest China quoted about 2,050 yuan / ton this week, with different performances in different regions in China. The market atmosphere in Henan, Shanxi and Lianghu regions was good, and the market quotation rose about 50-80 yuan / ton on the same day. The implementation of environmental protection policies has an impact on the operating rate of formaldehyde industry in some areas.

Recently, the continuous rise of international crude oil has led to the improvement of methanol and LPG market, and also brought some positive support to DME market. However, under the influence of the current off-season factors, the terminal demand is weak, the market supply is relatively stable, and the transaction atmosphere is flat. On the whole, China DME market may stop falling and stabilize in the short term, but in the long term, the trend is still weak.

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