The price of dimethyl ether continues to rise

According to the trend chart, it is obvious that the price of DME market began to rise in late March, and the price continued to rise. According to the data monitoring of business news agency, the average price of dimethyl ether in Henan market was 3116.67 yuan / ton on March 22 and 3295.00 yuan / ton on April 8, with an increase of 5.72% during the period, up 7.33% compared with March 1. As of April 8, the domestic market prices of dimethyl ether are as follows:

Region specification Date Quotation

The mass fraction of dimethyl ether in Shandong area: ≥ 99.0% on April 8 to 3480 yuan / ton

The mass fraction of dimethyl ether in Hebei area: ≥ 99.0% on April 8 to 3600 yuan / ton

Mass fraction of dimethyl ether in Henan area: ≥ 99.0% on April 8th 3300-3350 yuan / ton

Since the end of March, the dimethyl ether Market showed a continuous upward trend, and the price rose significantly. At present, the mainstream quotation of dimethyl ether Market in Henan Province is about 3300-3350 yuan / ton. The rising market, the market more favorable factors. The first is the raw material methanol market. According to the data monitoring of the business society, the methanol market in Shandong began to stop falling and rebound on March 22, and the center of gravity moved up. The upward cost brought obvious benefits to the dimethyl ether Market. Secondly, in terms of liquefied gas market, Shandong’s civil gas market started to rise on March 22. As of April 8, Shandong’s civil gas market rose by nearly 9%, and the price difference between gas and ether gradually widened, boosting the market mentality. In terms of supply, affected by many factors, the operating rate of dimethyl ether Market has declined compared with the previous period. At present, the operating rate of domestic dimethyl ether Market is only about 12%. Finally, in terms of demand, after the Qingming Festival holiday, the downstream stores and replenishments demand, and the mentality is better, and the replenishment is concentrated in the market. Manufacturers shipping smoothly, inventory pressure is not big, strong mentality, prices continue to push up.

 

According to the statistics of the business society, taking xinlianxin manufacturers as an example, on March 29, the external quotation of Henan xinlianxin dimethyl ether was 3100 yuan / ton, Jiujiang xinlianxin dimethyl ether was 3170 yuan / ton, on April 9, the external quotation of Henan xinlianxin dimethyl ether was 3300 yuan / ton, and Jiujiang xinlianxin dimethyl ether was 3280 yuan / ton The price of Jiujiang xinlianxin dimethyl ether increased by 110 yuan per ton.

 

The cost of methanol market entered the domestic methanol market in April. According to the monitoring of business news agency, as of April 8, the average price of domestic methanol production enterprises 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 production enterprises in Northwest China raised their ex factory quotations, and prices were boosted by futures. The downstream just needed to replenish after the festival, and the domestic methanol market rose in a narrow range. However, the good time is not long. The port’s destocking and low price supply still impact the market. In addition, the downstream’s acceptance capacity is limited, and the follow-up of the firm offer is insufficient, so the price rise is not sustainable.

 

In general, the low operating rate of dimethyl ether Market has brought some support to the market, and the relatively strong price of methanol and liquefied gas in the civil market has also brought good results to the market. Manufacturers inventory is generally in a controllable level, short-term pressure is not big. But in terms of demand, with the end of replenishment in the downstream and the rising temperature, the demand is expected to weaken. The business association thinks that the price of dimethyl ether Market is still strong in the short term, but it is unlikely to continue to rise in the long term.

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