SunSirs: China DME Market Fell weakly Last Week (September 11-15)
September 19 2023 09:49:11 SunSirs (Selena)
Last week (September 11th to September 15th), the domestic DME market continued to decline weakly. According to the Commodity Market Analysis System of SunSirs, the average price of DME in the Henan market on September 11th was 4,265 RMB/ton, and on September 15th it was 4,220 RMB/ton, which is 1.06% lower than the same period last year, an increase of 1.44% compared to the same period last year.
Last week, the domestic DME market was in a weak downward trend. During the week, raw material prices fell, and under cost constraints, DME enterprises were weak in price support, and prices began to decline. At the same time, liquefied gas has experienced a decline, the price difference between gas and ether has narrowed, and the mentality of the industry has shifted from strong to weak. Under the influence of multiple bearish factors, DME has been continuously lowered. The demand side remains light, and the enthusiasm for downstream market entry is not high.
According to the Commodity Market Analysis System of SunSirs, the price of raw material methanol rebounded after falling last week, rising from 2,510 RMB/ton at the beginning of the week to 2,534 RMB/ton at the weekend, an increase of 0.96%. The cost support for DME is average.
Overall, downstream demand is weak, upstream inventory is accumulating, and the market lacks positive factors to boost it. It is expected that the DME market will continue to be weak in the short term.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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