SunSirs: China DME Market Rebounded strongly Last Week
December 19 2023 15:00:09 SunSirs (Selena)
According to the commodity market analysis system of SunSirs, the price of raw material methanol fluctuated downward last week, with a decrease of 0.46% from 2,441 RMB/ton at the beginning of the week to 2,430 RMB/ton at the end of the week.
Overall, the downstream replenishment of the DME market has ended, and demand will return to a weak position. At the same time, the price center of raw material methanol is unstable, and it is expected that the DME market will maintain stable operation in the short term. (12.11-12.15) The domestic DME market has rebounded strongly. According to the commodity market analysis system of SunSirs, the average price of DME in the Henan market was 3,650 RMB/ton on December 11th, and 3,770 RMB/ton on December 15th, with an increase of 3.29% during the cycle and a decrease of 18.4% compared to the same period last year.
Last week, the domestic DME market as a whole rose, with mainstream prices in the Henan market around 3,650 RMB/ton. Last week, the price of raw material methanol was relatively strong, providing stronger support for DME. Affected by the cooling down, downstream concentrated replenishment has driven effective flow of market goods, resulting in a decrease in enterprise inventory and a firm upward trend in prices.
According to the commodity market analysis system of SunSirs, the price of raw material methanol fluctuated downward last week, with a decrease of 0.46% from 2,441 RMB/ton at the beginning of the week to 2,430 RMB/ton at the end of the week.
Overall, the downstream replenishment of the DME market has ended, and demand will return to a weak position. At the same time, the price center of raw material methanol is unstable, and it is expected that the DME market will maintain stable operation in the short term.
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