SunSirs: The DME Market Continued to Be Stable, Waiting for Favorable Guidance

Price trend

This week, the domestic DME market continued to be weak as a whole, and the price continued to trade sideways. There was no obvious change in the Henan market. According to the data monitoring of SunSirs, the average price of DME in Henan market was 3,850 RMB/ton on July 5, and the average price on July 12 was 3,850.00 RMB/ton. During the period, the price remained unchanged, up 14.58% compared with the same period last year.

Analysis review

This week, the domestic DME market remained weak as a whole, and the ex-factory quotation in the Henan market remained unchanged for the time being. The raw material methanol market continued to decline, which brought a certain negative to the DME market. Although the civil liquefied gas market of related products had weakened and the price was lowered, the magnitude was not obvious, and the civil liquefied gas price was still at a high level compared with previous years. Under the influence of the traditional off-season, the terminal demand was still weak, the downstream maintained on-demand replenishment, and the market trading atmosphere was general. However, the manufacturer's price attitude was obvious, and the disk continued to be stable.

This week, the domestic methanol market continued to fall, and the macro side showed a negative trend. At the same time, the futures market broke down and the market sentiment weakened, but the overall follow-up was not fast, and the decline was limited.

Market outlook

On the whole, the raw material methanol market is weak, and the cost side brings certain disadvantages to the market. Although the liquefied gas civil market of related products has weakened, the overall price is relatively high, which brings relative support to the DME market. The enthusiasm for entering the market in the downstream is generally average, and most of them will maintain on-demand replenishment. The manufacturers' attitude of price support is obvious, and the market is waiting for favorable guidance. The DME market is expected to trade sideways in the short term.

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