SunSirs: China DME Market Rose and Stabilized

Last week, the domestic DME Market as a whole continued to rise, and the Henan market showed a trend of rising first and then stabilizing. According to the data monitoring of business agency, on August 21, the average price of DME in Henan market was 3,930 RMB/ ton, and on August 29, the average price was 3,990.00 RMB/ ton, with an increase of 1.53% in the week and 12.63% compared with the same period last year.

Last week, the domestic DME market price was strong, and the ex factory quotation in Henan market was still increased. The markets of Hebei and Shandong have also risen to varying degrees. This week, the behavior of raw material methanol in the market and the main cost brought obvious support to the market. The civil gas market of related products was boosted by the rise of international crude oil and also increased, which was favorable to the market mentality. The manufacturer's inventory is not under pressure for the time being, and the price rises in the early part of the week. However, the current terminal demand is still insufficient. The downstream maintains on-demand procurement, and the market action is limited. The price in the later part of the week is mainly stable.

In the raw material methanol spot market, on August 29, the price center of the domestic methanol market rose, and the rebound of crude oil and coal boosted the futures market. At the same time, the inventory of production enterprises was low, and traders were in the mood of boosting.

On the whole, the current market price of raw material methanol is strong, the cost side has brought some support to the market, and the focus of the civil market of related products and liquefied gas has been shifted upward. In addition, at present, the market supply level of some manufacturers is low, the inventory of manufacturers is controllable, and the mentality is relatively firm. It is expected that the price of DME will rise steadily in China in the short term.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.