Dimethyl ether Market showed a continuous upward trend during the week, with many favorable factors in the market, which supported the continuous rise of prices. According to the data monitoring of business agency, the average price of dimethyl ether in Henan market on December 14 was 3013.33 yuan / ton, and that on December 17 was 3203.33 yuan / ton, with an increase of 6.31% in the week and 5.95% in comparison with the same period last year.
As of December 17, the quotation of each region is as follows:
Regional specification Date Quotation
The mass fraction of dimethyl ether in Shandong area: ≥ 99.0%, December 17, 3280 yuan / ton
The mass fraction of dimethyl ether in Hebei area: ≥ 99.0% December 17 3210 yuan / ton
The mass fraction of dimethyl ether in Henan Province: ≥ 99.0% December 17 3120-3190 yuan / ton
More than half a month after December, dimethyl ether continued the upward trend, the overall price continued to rise, the price rise was more obvious this week, manufacturers continued to raise the ex factory price. Take Henan xinlianxin as an example. On Monday (14th), the price of xinlianxin dimethyl ether stabilized at 3000 yuan / ton. On Tuesday, the ex factory price was continuously raised, ranging from 30 to 70 yuan / ton. As of Friday (18th), the price of xinlianxin dimethyl ether rose to 3200 yuan / ton, and the price was increased by 200 yuan / ton compared with Monday.
There were many positive factors in the week. First of all, in terms of cost of methanol, the market of methanol continued to rise this week, and the rise of raw materials obviously brought obvious support to dimethyl ether. Some methanol manufacturers have increased the ex factory quotation by 50-80 yuan / ton. According to the monitoring data of business agency, as of December 15, the average price of methanol producers in Shandong was 2210 yuan / ton, with the price rising by 4.12% on a month on month basis and 4.25% on a year-on-year basis. At present, the market price of methanol in Northwest China continues to rise, some enterprises can ship temporarily, and the freight is still firm. The price of receiving goods in the lower reaches of Shandong province keeps up with the increase, and the profits of traders are still remaining, mainly pursuing the rise.
Secondly, the trend of LPG civil market improved, and the overall stop falling and upward trend brought a certain boost to the DME market. During the week, international crude oil continued to rise, the news side was good for the market mentality. The LPG market is mainly affected by this positive behavior, the price rise in South China is more obvious, and the Shandong market is mainly down and then rising.
In the cost of methanol and liquefied gas civil market both higher support, dimethyl ether prices continued to rise. In addition, the terminal demand has improved compared with the earlier stage, and the downstream market entry atmosphere is more positive. Under the buying up mentality, the market is mainly replenished, and the market transaction atmosphere is good. In terms of supply, the domestic DME market operating rate this week has decreased compared with that of last week. At present, most manufacturers’ inventory is at a low level and their mentality is relatively strong.
Overall, the cost of methanol is high, the price of crude oil is rising, the trend of liquefied gas is improving, and there are still some favorable factors in the market. In addition, manufacturers have no pressure on inventory, and their mentality is mainly firm. And affected by seasonal factors, the current winter weather is relatively cold, the terminal still needs to purchase. Generally speaking, the end of the year is approaching, and the DME market is expected to end in 2020 with a rise.
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