SunSirs: This Week, the DME Market Slightly Ddeclined (May 15-19)
May 22 2023 11:01:19 SunSirs (John)
Price trend
This week (5.15-5.19), the domestic DME market was in a weak downward trend. According to the Commodity Market Analysis System of SunSirs, the average price of DME in the Henan market on May 15th was 4,160 RMB/ton, and on May 19th it was 4,125 RMB/ton, a decrease of 0.84% during the cycle and a decrease of 2.48% compared to the same period last year.
Analysis review
This week, the focus of the DME market had shifted downwards, and the trading atmosphere on the market had weakened. On the news side, both crude oil and liquefied gas prices had shown varying degrees of decline, suppressing the mentality of the industry. Due to weak downstream demand, and factories shipment was not smooth, after a period of market stalemate, factories gave up profits to sell goods, but the results were minimal.
According to the Commodity Market Analysis System of SunSirs, the raw material methyl alcohol market was operating in a weak state recently, with sufficient market supply and limited demand growth. It will continue to operate in a weak state in the near future.
Market outlook
Overall, the DME market lacks positive support. Considering the limited profit margin of manufacturers, it is expected that the DME market will operate in a weak and stable manner in the short term.
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