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SunSirs: China DME Maintained Stable Operation Last Week (November 20-24)
November 27 2023 09:49:38SunSirs(Selena)

Last week (11.20-11.24), the domestic DME market maintained stable operation. According to the commodity market analysis system of SunSirs, the average price of DME in the Henan market on November 20th was 3,650 RMB/ton, and on November 24th it was 3,650 RMB/ton. There was no increase or decrease during the cycle, and it decreased by 21% compared to the same period last year.

Last week, the overall stability of the domestic DME market was maintained, with mainstream prices in the Henan market around 3,650 RMB/ton. The raw material methanol price remained stable last week, with weak support for DME. On site supply remains stable, upstream inventory pressure is gradually increasing, downstream market entry enthusiasm is not high, rigid demand is the main focus, market mentality is weak, and production and sales are weak.

According to the Commodity Market Analysis System of SunSirs, the price of raw material methanol fluctuated downward last week, rising from 2,450 RMB/ton at the beginning of the week to 2,402 RMB/ton at the end of the week, a decrease of 1.89%. The cost support for DME was weak.

Overall, there are no favorable factors supporting the current DME market. On the contrary, under the cover of negative factors, it is expected that the DME market will maintain a weak consolidation operation in the short term.


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