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SunSirs: China DME Market fluctuated and rose in August
September 01 2023 09:50:22SunSirs(Selena)

In August, the domestic DME market in Henan fluctuated and rose. According to data monitoring by SunSirs, the average price of DME in the Henan market was 3,935 RMB/ton on August 1st, and 4,165 RMB/ton on August 30th. The monthly increase was 5.84%, an increase of 3.87% compared to the same period last year.

In August, the domestic DME market was significantly affected by the favorable raw material side, while being constrained by the demand side, resulting in significant resistance to price upward. In early August, boosted by the rise in raw material prices, coupled with a broad upward trend in related products, the upstream actively pushed up prices. In the Henan region, due to mainstream factory load reduction and supply tightening, prices were pulled up. Subsequently, the price of raw material methanol rose again, driven by costs, and DME enterprises showed a strong willingness to raise prices. At the same time, the price of liquefied gas rose to a high level, widening the price difference between gas and ether. As a result, the mentality of the industry became stronger and they actively pushed up prices. Due to limited demand growth at the end of the month, the focus of some companies' transactions has shifted downwards.

The raw material methanol market fluctuated and rose in August. In early August, the trend of methanol relatively slowed down, and entering late August, the overall performance of the methanol market was relatively strong, with the focus of gravity rising in multiple regions.

Overall, the DME market lacks effective support and the mentality of the industry is weak. It is expected that the market will continue to operate in a weak manner in the short term.


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