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SunSirs: Energy, Domestic DME Market Rose continuously Last Week (December 16-20)
December 23 2019 18:50:40SunSirs(Selena)
  1. Price Trend

The domestic market price of DME (Henan) rose continuously last week. At the beginning of the week, the average price of domestic DME (Henan) market was 2,983.33 RMB/ ton, and at the end of the week, the average price was 3,066.67 RMB/ ton, up 2.79% in the week, 12.38% lower than the same period last year.

  1. Market Analysis

Product: last Tuesday, the market atmosphere of DME (Henan) was good. As of December 20, devices of Hebei Yutai, Henan lankaohuitong and Shanxi Lanhua technology venture Co., Ltd. had been shut down for maintenance; there was no quotation for the failure of the new DME device of Henan Yima Xinyuan, and there was no quotation of Henan Qinyang Shengxin. The factory price of DME of Henan Xinlianxin Chemical Industry Group Co., Ltd. was 3,150 RMB/ ton, that of Hebei Jichun Chemical Co., Ltd. was 3,380 RMB/ ton, that of Shandong Dezhou shengdeyuan company was 3,220 RMB/ ton, and that of Shandong Yuhuang was 3,230 RMB/ ton.

Last Tuesday, the operating rate of DME was lower than that of the previous week. At present, the operating rate is at a relatively low level, and the overall market supply is reduced. Last week, the trend of cost methanol was weak, but the civil use of LPG rose sharply, which played a positive role in supporting the market. At present, the price difference between gas and DME gradually opened, rising to about 1,300 RMB/ ton, with a good mentality in the downstream and a rising enthusiasm for entering the market. However, there is no obvious change in the market terminal demand, which has a certain impact on the upside.

Industry: according to the price monitoring of SunSirs, in the 50th week of 2019 (12.16-12.20), there were 7 kinds of commodities rising month on month in the energy sector, including 1 kind of commodities rising by more than 5%, accounting for 6.3% of the number of commodities monitored in the sector; the top 3 commodities are LPG (5.46%), DME (2.79%) and petroleum coke (2.27%). There WERE 6 kinds of commodities falling on a month on month basis, and the top 3 products falling were MTBE (- 2.04%), LNG (- 1.50%) and methanol (- 1.42%). Last week's average up and down was 0.5%.

  1. Market Forecast

According to the DME analysts of SunSirs, there is no obvious improvement in the terminal demand of DME at present, and the trend of cost methanol is weak. In addition, the downstream new round of replenishment is over, and the market has been out of the market for a wait-and-see one after another, with limited market action, it is expected that there may be a slight reduction in the future market in the short term.


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