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SunSirs: Energy, Domestic DME Market Fell Broadly Last Week (February 3-7)
February 11 2020 09:35:41SunSirs(Selena)

1  Price Trend

DME market fell last week. On February 3, the average market price of DME was 3,340 RMB/ ton, and on February 7, the average market price was 3,116.67 RMB/ ton, with a drop of 6.69% in the week. The price was 9.4% lower than that of the same period last year.

2  Market Analysis

Product: last week, the market price of DME (Henan) fell, and the market transaction atmosphere was flat. As of February 7, the equipment of Hebei Yutai, Henan lankaohuitong, Shandong Dezhou shengdeyuan, Shandong Yuhuang DME, Shanxi Lanhua science and technology venture Co., Ltd. had been stopped for maintenance, and no quotation was made temporarily; the DME equipment in Henan Yima Xinyuan had failed, and no quotation was made temporarily. The ex-factory price of Henan Qinyang Shengxin DME was 3,250 RMB/ ton, that of Henan xinlianxin Chemical Industry Group Co., Ltd. was 3,150 RMB/ ton, and that of Hebei Jichun Chemical Industry Co., Ltd. was 3,300 RMB/ ton.

Last week, the market of DME fell significantly. At present, the operating rate of the market of DME is at a low level. Affected by the traffic during the Spring Festival, the inventory digestion of most enterprises is slow. Under the inventory pressure of some manufacturers, the inventory is mainly digested by parking, and Hebei xinlianxin operates at a low load. The gas market is also dominated by the decline, the end-users delay the start-up, the market demand is significantly reduced, and the market mentality is negative. At present, the price of DME is relatively low.

Industry: according to the price monitoring of SunSirs, there are two kinds of commodities in the list of commodity prices rising and falling in the fifth week of 2020 (2.3-2.7). The top 2 commodities were thermal coal (1.47%) and petroleum coke (1.38%). There were eight kinds of commodities falling on a month on month basis, and 1 kind of commodities falling by more than 5%, accounting for 6.3% of the number of commodities monitored in the sector; the top 3 products falling were DME (-6.69%), Brent crude oil (-2.98%) and LPG (-2.23%). Last week's average was -0.82%.

3  Market Forecast

Last week, the market operating rate continued to run at a low level. Although the decrease in market supply had eased, the demand was relatively weak. At present, most of the manufacturers still have inventory pressure, but there is little room for decline. It is expected that this week will be stable and moderate.


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