1、 Price trend
After the Spring Festival, the market of dimethyl ether mainly fell. On February 3, the average market price of DME was 3340 yuan / ton, and on February 24, the average market price was 3036.67 yuan / ton, with a decline of 9.08% during the period. The price was 10.42% lower than that of the same period last year.
| sulphamic acid |
2、 Market analysis
Product: after the Spring Festival, the market price of dimethyl ether (Henan) shows a continuous downward trend, and the market transaction atmosphere is weak. As of February 24, the units such as Yutai in Hebei, Huitong in Lankao, shengdeyuan in Dezhou, Shandong and Shanxi Lanhua Technology Co., Ltd. had been shut down for maintenance and no quotation was made temporarily; the dimethyl ether unit in Xinyuan, Yima, Henan had failed and no quotation was made temporarily. The ex factory price of Shengxin dimethyl ether in Qinyang, Henan is 3070 yuan / ton, that of Henan xinlianxin Chemical Industry Group Co., Ltd. is 3090 yuan / ton, that of Hebei Jichun Chemical Co., Ltd. is 3220 yuan / ton, and that of Shandong Yuhuang is 3060 yuan / ton.
Dimethyl ether market shows a continuous downward trend. At present, the market operating rate is higher than that of the previous period, and the market supply is increased. However, the recovery of downstream construction is slow, and the current transportation is still limited. Most enterprises’ inventory digestion is slow, and the market transaction atmosphere is weak, which hinders the price rise. Although the international civil market of crude oil and liquefied gas has increased significantly, it has a limited positive effect on DME market.
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Industry: according to the price monitoring of business society, there are 3 kinds of commodities in the price rise and fall list of bulk commodities on February 24, 2020, including liquefied natural gas (2.57%), liquefied gas (1.25%) and gasoline (0.11%) in the top 3. There are 7 kinds of commodities falling on a month on month basis, and the top 3 products falling were MTBE (- 1.61%), Brent crude oil (- 1.37%) and dimethyl ether (- 1.19%). The average price of this day was – 0.2%.
3、 Future forecast
At present, the market operation rate has increased, the demand continues to be weak, the convenience of transportation still has resistance, the market transaction atmosphere is weak, and the price continues to fall. In the later period, with the recovery of transportation and the resumption of terminal construction, the demand continued to rise, and the price may stop falling and rebounding. It is expected that the weak consolidation will be dominant in the short term, and there is a possibility of rebound in the long term.
| Magnesium Sulphate |