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Home > DME News > News Detail
DME News
SunSirs: China DME Market Rose again after the Mid Autumn Festival
September 16 2022 08:33:39SunSirs(Selena)

After the Mid Autumn Festival, the domestic DME market price returned to the rising trend, and the Henan market price increased significantly. According to the data monitoring of SunSirs, the average price of DME in Henan market was 4,115.00 RMB/ ton on September 12 and 4,160 RMB/ ton on September 15, with a rise of 1.09% during the period and a drop of 3.95% compared with the same period last year.

After the Mid Autumn Festival, the domestic DME market generally rose. There are obvious positive factors in the market. In terms of cost, the rise of the raw material methanol market has provided some support. Although the civil market of liquefied gas related products has insufficient momentum to continue to rise, the overall price is firm. The supply in Shandong and Hebei is low, which is good for the market mentality. The downstream will focus on replenishment after the festival. The enthusiasm for entering the market is good. The manufacturer's shipment is mild, the mentality is strong, and the price has been adjusted continuously.

On September 15, the methanol market in Northeast China rose partially, and the shipments of some mainstream enterprises in Heilongjiang Province were about 2,700 RMB/ ton; The main traders delivered Liaoning Panjin at about 2,900-2,920 RMB/ ton. The prices of enterprises in southern Shandong are concentrated around 2,850 RMB/ ton, while the local prices in Linyi are around 2,870-2,910 RMB/ ton.

At present, the raw material methanol market is mainly adjusted, which brings some support in terms of cost. The supply in Shandong and Hebei markets is low, which is good for the market mentality. In addition, there is a demand for replenishment in the downstream after the festival. The enthusiasm for entering the market is good. The mentality of the manufacturers is relatively strong, and the price is higher. It is expected that China DME market will still be rising in the short term.

 

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