It rose 12.82% in half a month to its highest level in five months
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After half a year, the DME market finally met the expectations and successfully reversed. The rising market lasted for half a month. The current price has risen to the highest point in five months. According to the data monitoring of business agency, the average price of dimethyl ether in Henan market on September 1 was 2210.00 yuan / ton, and on September 14 it was 2493.33 yuan / ton, up 12.82% in half a month and 5.35% higher than that on August 1.
The first week of September pushed up slightly, and the second week pulled up sharply, successfully overturning the market
Although there was no obvious increase in the market in September, there was no obvious increase in market demand in September. It wasn’t until the beginning of the second week that there was a big pull. Before that, due to the influence of seasonal factors, terminal demand was slow, and dimethyl ether had been in a fluctuating downward trend. The rise can be described as a successful reversal. The reasons for the rise come from two points. First, as the off-season in August has passed, September has entered the traditional sales peak season. With the gradual decrease of weather and temperature, the terminal demand is expected to improve, and the news is good for the market mentality. The second is also the main reason, which is that the upstream methanol rose sharply in September. The sharp rise in costs has brought obvious support to the market. Under this pressure, most manufacturers have a strong mentality and take advantage of the situation to push up prices. Downstream buy up not buy down the mentality of entering the market is more positive, market trading atmosphere is good, manufacturers shipping smoothly.
As of September 14, the factory prices of dimethyl ether in various regions are as follows:
Regional specification Date Quotation
Mass fraction of dimethyl ether in Shandong area: ≥ 99.0%, 2490 yuan / ton
The mass fraction of dimethyl ether in Hebei area: ≥ 99.0%, 2470 yuan / ton on September 14
The mass fraction of dimethyl ether in Henan Province: ≥ 99.0% September 14 2430-2555 yuan / ton
Taking Henan xinlianxin, the main production area, as an example, the ex factory price of dimethyl ether was 2220 yuan / ton on September 1, increased by 20 yuan / ton every day from September 4 to 7, and the quotation was 2300 yuan / ton on September 7, with an increase of 80 yuan / ton in the first week. The second week continued to raise the ex factory price. On September 14, the price was 2490 yuan / ton, which was 270 yuan / ton higher than that at the beginning of the month. Hebei region and Shandong region were also affected by this positive, followed by the rise, September 9, Hebei Jichun device maintenance, market supply decreased.
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Cost methanol market went up sharply in September, which brought obvious support to dimethyl ether Market
In the first week of September, the domestic methanol market showed an obvious upward trend, and some manufacturers raised the ex factory quotation several times in the week, with the range of 50-80 yuan / ton. During the week, the external quotation of methanol rose sharply, with the closing price of methanol in the US Gulf rising by 5 cents / gallon to 74.75-75.25 cents / gallon; the closing price of methanol in Rotterdam on FOB was 199.5-200.5 euro / ton, up 9 euro / ton; the closing price of CFR China methanol was 179-181 US dollars / ton, up 5 US dollars / ton; the closing price of CFR Southeast Asia methanol was 239-241 US dollars / ton, stable. The quotation of methanol market in various regions has also increased to varying degrees, among which Shandong and Shanxi regions have obvious upward trend. The main factors of this week’s price rise are the positive futures driven, as well as the favorable impact of the recovery of downstream demand.
In the second week of September, the domestic methanol market continued to rise, with a slowdown compared with last week. According to the monitoring data of business agency, the average price of domestic methanol market was 1725 yuan / ton at the beginning of the week, and 1805 yuan / ton at the weekend, with an increase of 4.64% during the week, an increase of 11.25% on a month on month basis, and a decrease of 13.97% year-on-year. At the beginning of the week, affected by the strong trend of futures, the quotation of methanol market in various regions also went up to varying degrees, among which the rise in Shandong and Shanxi was obvious. At the end of the week, with the crude oil plummeting, the chemical products prices generally fell, and the high quotation of methanol market dropped. Some production enterprises temporarily shut down their devices, and the enterprise shipment was fair, and the manufacturer’s offer was firm. The methanol analysts of the business club predict that the domestic methanol market will fluctuate at a high level in the short term.
In the future, DME market is easy to rise but difficult to fall
Although the cost has risen, the liquefied gas, which has the same impact on the market, has declined in a weak way. The traditional peak sales season has arrived, but the terminal demand is not obvious, the consumption is still slow, and the sharp drop of international crude oil depresses the market mentality. Although CP rose in September, its positive effect is limited. The downstream needs to supplement, the enthusiasm of entering the market is not high, and it is mainly cautious to wait and see. Manufacturers shipment is not smooth, inventory is increasing, successive price reduction, shipment based. At present, the cost market is still strong, but the continuous decline of liquefied gas for civil use has some restraint on dimethyl ether. At present, the slow increase of demand in the terminal market is still the main difficulty for the rise. In the future, the dimethyl ether Market is easy to rise but difficult to fall in the short term. However, the trend of civil gas needs to be paid attention to when the specific increase range changes.
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