Price Trend
The domestic dimethyl ether market rose sharply this week. At the beginning of the week, the average domestic dimethyl ether (Henan) market price was 3055 yuan/ton, and the weekend average price was 3280 yuan/ton. Within the week, the price increased by 7.36%, which was 28.77% lower than the same period last year.
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II. Market Analysis
Product: Dimethyl ether (Henan) market price is stable this week. Up to August 23, Yutai, Hebei, Henan Lankao Huitong device parking overhaul, not quoted for the time being. Henan Yima Xinyuan dimethyl ether plant failure, do not quote for the time being. The ex-factory price of dimethyl ether of Henan Xinlianxin Chemical Industry Group Co., Ltd. is 2970 yuan/ton, Henan Qinyang Shengxin dimethyl ether is 3070 yuan/ton, Hebei Jichun Chemical Industry Co., Ltd. is 3090 yuan/ton, Shandong Dezhou Shengdeyuan Co., Ltd. is 3010 yuan/ton, and Shandong Yuhuang dimethyl ether is ex-factory price. The price of dimethyl ether in Shanxi Orchid Science and Technology Venture Co., Ltd. is RMB 302 per ton and RMB 2930 per ton.
Industry Chain: Domestic methanol market fell this week in an all-round way. On the mainland, Shandong took the lead in lowering the consumption market. By Thursday, Shandong fell 240 yuan/ton to 1850 yuan/ton. Due to the rapid decline, the main producing areas were waiting and watching. There was no mainstream price this week, and some discussions reached 1550 yuan/ton. Port arrivals are still concentrated, inventory continues to increase, and the port market is weak and volatile, falling by 40-60 yuan/ton. Liquefied petroleum gas (Shandong) market is dominated by narrow margin consolidation. Early in the week, the rise of crude oil boosted the market and the price of liquefied petroleum gas increased slightly. However, the increase of crude oil is not big enough to boost the market of liquefied petroleum gas. In addition, the liquefied petroleum gas shipment continued to be poor last weekend, the inventory of the manufacturers increased gradually, the pressure increased, the enthusiasm of downstream market was general, and more purchased on demand. Manufacturers’production and marketing are out of balance. Late week price slightly concessions, price down, mainly shipments. Market turnover has improved significantly, and low-level shipments are relatively smooth. This week, the domestic dimethyl ether Market stabilized first and then fell, and the trading atmosphere was flat. This week, Henan Xinlian repeatedly implemented the price floor policy. As a major manufacturer, it protected the market price on the side and continued to keep the floor after the settlement price was lowered. Later in the week, but under the double pressure of other manufacturers’sales and inventory, the price center of gravity declined.
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Industry: According to the business association price monitoring, in the 33rd week of 2019 (8.19-8.23), there were six kinds of commodities rising in the energy sector, the first three of which were liquefied natural gas (2.89%), Brent crude oil (2.18%) and MTBE (1.77%). There are seven kinds of commodities that have declined annually. The first three products are methanol (-2.34%), petroleum coke (-0.81%) and gasoline (-0.67%). This week’s average rise and fall was 0.24%.
3. Future Market Forecast
Dimethyl ether analysts believe that the methanol and liquefied petroleum gas market is weak and the profit of dimethyl ether enterprises is low. However, with the arrival of the traditional sales season, the market demand will gradually increase, or the current situation may be improved. It is expected that the narrow adjustment will be the main one in the near future.
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