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SurSirs: Dimethyl ether Market Fell Successively in August

September 02 2019 17:27:16     SunSirs (Selena)
  1. Price Trend

In August, the domestic DME market continued to fall. At the beginning of August, the domestic average price of DME was 3210 yuan/ton, and the average price at the end of August was 2,920 yuan/ton. The monthly decline was 9.03%, and the price fell 30.29% compared with the same period of last year.

 

  1. Analysis of Influencing Factors

Products:

In August, the market of dimethyl ether continued to decline, and the market turnover was moderate. As of August 30, Hebei Yutai dimethyl ether plant was not quoted for parking, Henan Lankao Huitong Chemical Co., Ltd. was not quoted, Henan Yima Xinyuan dimethyl ether plant was not quoted. The ex-factory price of dimethyl ether of Henan Xinlian Chemical Industry Group Co., Ltd. was 2910 yuan/ton, that of Henan Shengxin Biotechnology Co., Ltd. was 2850 yuan/ton, that of Hebei Jichun Chemical Co., Ltd. was 3000 yuan/ton, that of Shandong Dezhou Shengdeyuan Co., Ltd. was 2980 yuan/ton, and that of Shanxi Orchid Science and Technology Venture Co., Ltd. was 2900 yuan/ton.

The domestic dimethyl ether market continued to decline in August. At the beginning of August, the profit of dimethyl ether Market was relatively high. Some manufacturers started production and the market supply increased, but the terminal demand was slow, the contradiction between supply and demand was prominent, and the price fell mainly. In mid-August, in order to avoid the continuous downward price, Henan Xinlian implemented the policy of keeping the bottom price for many times. Although it protected the market price on the side, it still did not alleviate the shipment situation of manufacturers. Inventory accumulated, pressure increased gradually, more profit was given priority to the shipment, and the price was lowered again. Until the end of August, the dimethyl ether Market has not improved substantially; the inventory of dimethyl ether manufacturers is difficult to release. Most enterprises' prices have fallen below 3000 yuan. The downstream market had a strong bearish on the future market, mostly on-demand supplements, wait-and-see, manufacturers' shipments continued to be cold, and the market continued to be weak.

 

Industry chain:

In August, the methanol market rose first and then restrained. Liquefied gas (Shandong market) shocks were mainly narrow adjustment. This month, the international crude oil prices still have a greater impact on the liquefied gas market.

 

Industry: According to SunSirs, in August 2019, there were five kinds of commodities rising in the energy sector, one of which had increased more than 5%, accounting for 6.3% of the monitored commodities in the sector; the top three commodities were MTBE (8.16%), gasoline (2.24%) and methanol (1.22%). There were 11 kinds of commodities with a decline of more than 5%, accounting for 25% of the monitored commodities in this sector. The products with the first three declines were dimethyl ether (-9.03%), liquefied natural gas (-7.08%) and Brent crude oil (-6.28%). August average rise and fall was -1.52%.

 

  1. Future Market Forecast

SurSirs Dimethyl ether analysts believe that the current trend of cost of methanol and liquefied gas is weak, negative market mentality, but September with the cooler weather, liquefied gas demand gradually increased, the market may be boosted. The dimethyl ether Market is expected to stabilize in September.

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