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SunSirs: Cost Declined, China DME Market was Weak under Pressure (May 20-24)
May 27 2024 11:06:36SunSirs(Selena)

Last week (May 20-May 24), the domestic DME market experienced a slight decline. According to the Commodity Market Analysis System of SunSirs, the average price of DME in the Henan market was 3,945 RMB/ton on May 20, and 3,930 RMB/ton on May 24, a decrease of 0.38% during the cycle and a decrease of 3.56% compared to the same period last year.

Last week, the domestic DME market experienced mixed ups and downs, with a slight decline in the Henan region. Last Tuesday, the cost of methyl ether fluctuated significantly, with methanol prices falling. The cost pressure on DME enterprises decreased, and the pressure on DME was lowered. From the supply side, the heart to heart device is in operation, while other devices remain stable and supply has increased. From the demand side, it continues to be sluggish, with downstream on-demand procurement and severe price pressure.

According to the commodity market analysis system of SunSirs, the price of methanol fell significantly last week, with a price increase of 3,020 RMB/ton at the beginning of the week to 2,763 RMB/ton at the end of the week, and a decrease of 8.52% during the week.

Overall, costs have declined, and upstream cost pressures have slightly eased. However, the continuously sluggish demand market has made it difficult to be optimistic about the DME market. It is expected that DME will continue to decline narrowly in the short term.


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