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SunSirs: The cost of Methanol Fell sharply; the Dimethyl Ether (DME) Market Rose and Fell in October
October 30 2019 17:35:53SunSirs(Selena)
  1. Price Trend

In October, the domestic DME market rose first and then fell, mainly fluctuating. At the beginning of the month, the average price of domestic DME market was 3,320 RMB/ ton, and at the end of the month, the average price was 3,310 RMB/ ton, with a drop of 0.3% in the month, 30.29% lower than the same period last year.

  1. Analysis of Influencing Factors

In October, the DME market fell, and the market trading atmosphere turned weak. As of October 29, no quotation has been made for the parking of DME devices of Hebei Yutai and Shanxi orchid company. The ex-factory price of DME of Henan Lankao Huitong Chemical Co., Ltd. is 3,320 RMB/ ton, the ex-factory price of DME of Henan Yima Xinyuan is 3,270 RMB/ ton, the ex-factory price of DME of Henan xinlianxin Chemical Industry Group Co., Ltd. is 3,300 RMB/ ton, and the ex-factory price of DME of Henan Shengxin Biotechnology Co., Ltd. is 3,320 RMB/ ton, the ex-factory price of DME of Hebei Jichun Chemical Co., Ltd. is 3,400 RMB/ ton, and the ex-factory price of DME of Shandong Dezhou shengdeyuan company is 3,370 RMB/ ton.

In the first half of October, the market of DME rose broadly, and in the second half of the month, it fell continuously. Last month, it was greatly affected by the cost of methanol. In the first half of the month, after the National holidays, the methanol market continued to rise, with dimethyl ether rising driven by cost, Henan xinlianxin rose 300 RMB/ ton for six consecutive days. Downstream buy-up mentality under the active market, the manufacturer reported a good shipment. In the middle of the month, the trend was stable, a small number of plants were opened, the market supply increased, the purchasing of downstream weakened, and the market returned to rationality. In the second half of the month, the decline was dominated. With the increase of production capacity, the increase of supply and demand, the imbalance of supply and demand, and the sharp drop of cost methanol market, the downstream continued to wait and see, the market transaction weakened, the manufacturer's shipment was blocked, and the inventory pressure increased. Prices have fallen in a row.

  1. Market Forecast

DME analysts of SunSirs believe: at present, the cost of methanol is narrow range, the gas market is weak and falling, and the market mentality is negative. At present, downstream mentality is cautious and enthusiasm for entering the market is not high. However, the demand increased in November, and the cost methanol inventory may rebound. It is expected that the DME market will adjust in the short term, and the DME market may slightly rise in November.


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