SunSirs: The Inventory Controlled China DME Market is Operating steadily
November 14 2022 10:54:02 SunSirs (Selena)
Last week (11.7-11.11), the domestic DME market was running smoothly as a whole, and the price in Henan rose slightly. According to the data monitoring of the business community, the average price of DME in Henan market was 4,950 RMB/ ton on November 7 and 4,620 RMB/ ton on November 11, with a weekly increase of 0.65% and a year-on-year increase of 3.24%.
Last week, the domestic DME market was running smoothly as a whole, and the offer in various regions was basically unchanged, with big stability and small changes. In terms of supply, the factory started to maintain low load operation, and the parking enterprise has no plan to resume start-up, so the inventory in some areas is controllable. In terms of demand, the downstream demand is weak, with rigid demand as the main demand. The factory has a stable delivery of goods, and there is an obvious willingness to set prices. The buyer and seller are relatively cautious. There is no obvious positive factor guidance in the market, the level of factory operation is not high, the inventory is controllable, and there is no profit yield plan. Influenced by various factors of raw material methanol, it rebounded at a low level, but the overall market is still weak.
To sum up, crude oil operates in shock, methanol market tends to be weak, cost support is average, and demand has not improved significantly in the near future. It is expected that DME will continue to consolidate and operate in the near future.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
- 2024-04-30 SunSirs: China DME Market Stabilized first and then Rose in April
- 2024-04-22 SunSirs: Raw Materials Price is Rising, Driving Up Prices of DME (4.15-4.19)
- 2024-04-15 SunSirs: China DME Market Operated steadily Last Week (April 8-12)
- 2024-04-08 SunSirs: Weak Demand, China DME Maintain Low Level Stability
- 2024-03-29 SunSirs: Weak Decline in China DME Market in March
