SunSirs: China DME Market Fell weakly Last Tuesday (March 11-15)
March 18 2024 10:55:00 SunSirs (Selena)
Last week (March 11-15), the domestic DME market experienced a weak downturn. According to the commodity market analysis system of SunSirs, the average price of DME in the Henan market on March 11th was 3,715 RMB/ton, and on March 15th it was 3,690 RMB/ton, a decrease of 0.67% during the cycle, a decrease of 15.17% compared to the same period last year.
The focus of the domestic DME market has shifted downwards this week. The market price of DME in Henan continues to decline, and due to the continued weak demand, upstream equipment has started at a low level, downstream rigid demand procurement, and related liquefied gas prices continue to decline, further bearish on the DME market. The upstream raw material market fluctuates, with general support for DME.
According to the commodity market analysis system of SunSirs, as methanol prices fluctuated upwards in March, support for DME gradually increased. However, due to weak demand, the profit margin of DME market tightened.
Overall, the market has a poor mentality and a pessimistic atmosphere. In the context of weak production and sales, it is difficult for DME to improve in the near future. It is expected that the DME market will be weak and downward in the short term.
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