Price trend

According to the data monitoring of SunSirs the average price of DME in Henan was 4,310.00 RMB/ton on April 18, and the average price on April 19 was 4,290.00 RMB/ton, with a single-day drop of 0.46%. Compared with March 1, the price rose 3.21%.

Analysis review

On the 19th, the domestic DME market price weakened. Some manufacturers in the Henan market lowered the ex-factory prices for the second time. The Hebei and Shandong markets were stable and down. The current market is not well supported.

At present, the favorable market support is insufficient, the raw material methanol and the related product LPG civil market are both weak, and the market mentality is negative.

Market outlook

It is expected that the DME market may continue to decline in the short term.

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