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SunSirs :Raw Material Rise Again, Dimethyl Ether Market Continues To Climb

April 13 2021 08:13:28     SunSirs (HU)

SunSirs agency on April 9 news

http://graph.100ppi.com/?c=p&id=684&btime=2021-03-23&etime=2021-04-09&w=500&h=300&bm=60&lm=&bd=1&xp=8&cr=1&state=english

According to the trend chart it is obvious to show that, the price of 2 methyl ether market began to rise in the second ten days of 3 months, and the price continued to rise. According to the trade SunSirs data monitoring, On 22 March, the average market price of 2 methyl ether in Henan was 3,116.67 RMB / ton, and on 8 April, the average market price was 3,295 RMB / ton. During the period, the increase was 5.72%, which was 7.33% higher than that on 1 March. As of 8 April, the domestic market prices of 2 methyl ether in various regions are as follows:

Region

Specifications

Date

Offer

Shandong Region

Mass fraction of 2 methyl ether: ≥ 99%

April 8th

3480 RMB / ton

Hebei Region

Mass fraction of 2 methyl ether: ≥ 99%

April 8th

3600 RMB / ton

Henan Region

Mass fraction of 2 methyl ether: ≥ 99%

April 8th

3300-3350RMB/ ton

Beginning in late March, the market of dimethyl ether showed a continuous rising trend, and the price went up significantly. At present, the mainstream quotation of the 2 methyl ether Market in the main production areas of Henan is about 3,300-3,350 RMB / ton. The rise, the market more positive factors. Firstly, the raw methanol market, According to the trade SunSirs data monitoring, The methanol Shandong market started to rebound from 22 March, the center of gravity moves up, rising costs to the dimethyl ether market to bring positive. Then there is the liquefied gas market, Shandong's civil gas market also began to rise on March 22, As of April 8, Shandong's civil gas market has risen by nearly 9%, the price difference between air and ether gradually opened, which boosted the market mentality. Looking at the supply side, affected by many factors, the rate of operation of the dimethyl ether market has declined compared with the previous period, the current domestic rate of operation of the dimethyl ether market is only about 12%. Finally, the demand side, after the Tomb-sweeping Day holiday, the downstream inventory replenishment demand, and the mentality is good, concentrated replenishment market. Manufacturers ship smoothly, inventory pressure is not large, the state of mind is strong, prices continue to push up.

 

According to the statistics of the SunSirs society, take xinlianxin manufacturer as an example, on March 29, Henan xinlianxin DME was quoted at 3100 RMB / ton, and Jiujiang xinlianxin DME was quoted at 3170 RMB / ton. On April 9, Henan xinlianxin dimethyl ether foreign offer at 3300 RMB / ton, Jiujiang xinlianxin dimethyl ether foreign offer at 3280 RMB / ton, during the price increased continuously, Henan xinlianxin dimethyl ether price increased by 200 RMB / ton, Jiujiang xinlianxin dimethyl ether price increased by 110 RMB / ton.

Cost of methanol market, enter the domestic methanol market in April "climb the stairs". According to the SunSirs monitoring, As of April 8, the average price of domestic methanol producers in Shandong was 2395 yuan/ton, with a month-on-month increase of 2.57% and a year-on-year increase of 39.65%. Some producers in the northwest raised the price of the factory, and the price was firm with the boost of futures. The downstream just needed replenishment after the holiday, and the domestic methanol market rose in a narrow range. But good times did not last long, the port destocking low price supply still impact the market, coupled with the downstream acceptance capacity is limited, the lack of solid follow-up, the price rise can not last.

Taken together, At present, the low utilization rate of the dimethyl ether market has brought some support to the market, and the price of methanol and liquefied gas in the civil market is relatively firm, which also brings good news to the market. Factory inventory is also generally in a controllable level, not much pressure in the short term. But in the demand side, with the end of the downstream replenishment, and the temperature is still rising, the demand side is expected to turn weak. The SunSirs believes that the short-term price of dimethyl ether market is still strong, but in the long run, the possibility of continued upward is not.

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