SunSirs: China DME Market was Weak and maintained Stability Last Week (July 3-7)
July 11 2023 09:23:02 SunSirs (Selena)
Last week (7.3-7.7), the domestic DME market declined steadily. According to the commodity market analysis system of SunSirs, the average price of DME in Henan market was 3,775 RMB/ton on July 3, and 3,775 RMB/ton on July 7. There was no rise or fall in the cycle, down 1.95% compared with the same period last year.
Last week, the domestic DME market operated weakly, and the Henan region maintained stability. After the holiday, the DME market remained weak, with downstream demand being the main force and a strong wait-and-see atmosphere. At the same time, the prices of related products were low, and the overall sales of DME enterprises were not smooth. The upstream methanol market is weak and volatile, with weakened cost support and sluggish demand, making it difficult to improve the weakness of the DME market.
According to the Commodity Market Analysis System of SunSirs, the raw material methanol market has been operating in a weak and volatile manner recently, with sufficient market supply and limited demand growth. It will continue to operate in a weak manner in the near future.
Overall, the DME market lacks positive support. Considering the limited profit margin of manufacturers, it is expected that there will be limited room for lower end prices to decline in the short term, with higher prices to make up for losses.
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