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SunSirs: Supply is Low, China DME Market Increases slightly
November 07 2022 09:43:33SunSirs(Selena)

Last week, China domestic DME market as a whole experienced a narrow range of shocks, while the Henan market was strong and pushed up slightly. According to the data monitoring of SunSirs, the average price of DME in Henan market was 4,580 RMB/ ton on October 31 and 4,590 RMB/ ton on November 4, with a weekly increase of 0.22%, 4.02% higher than the same period last year.

Last week, the domestic DME market as a whole was mainly weak, Henan market rose slightly, and Hebei and Jiangxi markets were temporarily stable. The price of raw material methanol remains weak, and the cost support is average. There is no obvious improvement in downstream demand, transportation in some areas is not smooth, shipment is blocked, and the factory gives way to profits. The supply in Henan is relatively low, and the factory is willing to support the price. Last week, the price increased by 20 RMB/ ton.

In general, the support of methanol for DME is limited. The downstream just needs to supplement the reservoir mainly on the low side. With the cold weather in the future, the demand may gradually increase. It is expected that China DME market will continue to operate in a narrow range in the short term.


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