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SunSirs: Supply was Low, China DME Market continued to Rise
August 23 2022 09:02:35SunSirs(Selena)

Last week, the domestic DME market continued to rise, and the Henan market stabilized first and then rose. According to the data monitoring of SunSirs, the average price of DME in Henan market was 3,870.00 RMB/ ton on August 14, and 3,930 RMB/ ton on August 19, with an increase of 1.55% in the week and 12.45% compared with the same period last year.

Last week, the domestic DME market continued to be favorable, and the price was still the main actor. At the beginning of this week, the market price of raw material methanol fell, but the market price of DME in Henan was strong. In the later stage, the raw materials have gone up, which has brought certain support to the market. During the week, the market price of related products and civil gas increased significantly, which also brought obvious benefits to the market. In addition, some manufacturers in the Henan market have equipment maintenance, the market supply is low, the manufacturers' shipment is stable, the inventory is controllable, the mentality is relatively strong, and the price continues to rise slightly.

On August 19, the benchmark price of methanol in SunSirs was 2,438.75 RMB/ ton, a decrease of -4.55% compared with that on August 1 (2,555.00 RMB/ ton). On August 18, the factory quotation of enterprises in the middle and eastern part of Shandong was around 2,530-2,620 RMB/ ton; The reference price of Dongying, Zibo and other surrounding trade negotiation is 2,480-2,490 RMB/ ton. The price of enterprises in southern Shandong is around 2,480-2,500 RMB/ ton, and the price of local parts in Linyi is around 2,520-2,530 RMB/ ton (tax included).

At present, the raw material methanol market has risen. Although the range is limited, the cost has brought certain support. The international crude oil rebounded, and the civil market of related products liquefied gas rose significantly, which was favorable to the market. The supply in Henan market is low, and the manufacturers' mentality is relatively firm. It is expected that the DME market in China may still rise.


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