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SunSirs: Stable Supply and Demand, China DME Market was Stable
November 21 2022 09:14:02SunSirs(Selena)

Last week (11.14-11.18), the domestic DME market was running smoothly as a whole, and prices in Henan also remained stable. According to the data monitoring of SunSirs, the average price of DME in Henan market was 4620 RMB/ ton on November 14 and 4,620 RMB/ ton on November 18. There was no rise or fall in the week, up 13.86% over the same period last year.

Last week, the domestic DME market was running smoothly as a whole, and the offer in various regions remained basically unchanged, with big stability and small changes. In terms of supply, there is a restart plan for the parking devices in Henan. At that time, the supply in the region will increase, which has no significant impact on the market. Other regions will maintain low supply. In terms of demand, the downstream demand is flat, with rigid demand as the main demand, and the procurement atmosphere is general. Due to the restart plan of new devices, the downstream is cautious, with more inquiries, and the actual transaction is limited. In terms of cost: the market situation of raw material methanol has been dominated by the recent weak trend, the demand is relatively low, and the buying and selling atmosphere is general. At the same time, the supply is relatively abundant. Under the contradiction between supply and demand, the support of raw material methanol for DME is general.

In general, the overall supply and demand of the DME market remained stable. Although new devices were restarted, the overall inventory of the market was low, which had limited impact on the market. It is expected that China DME market will be stable in the near future.


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