As can be seen from the trend chart of DME, the market began to rise in April, and the price was pushed up one after another. However, in the middle of April, that is, the inflection point of the market appeared. According to the data of the SunSirs On April 1, the average price of dimethyl ether in Henan market was 3185.00 RMB/ton, and on April 15, the average price was 3365.00 RMB/ton, with an increase of 5.65% in half a month and 9.61% higher than that on March 1.
In early April, due to more positive factors in the market of dimethyl ether, the price climbed continuously. On the one hand, the raw material methanol market has moved up, and the rising cost has brought obvious benefits to the dimethyl ether market. On the other hand, the liquefied gas market also began to rise on March 22, and the gas ether price spread gradually opened, boosting the market mentality. Finally, the supply side, affected by many factors, the operating rate of the dimethyl ether market has declined compared with the previous period, and the current domestic operating rate of the dimethyl ether market is only about 12%.And after the Tomb-sweeping Day holiday, downstream storage replenishment demand. Multiple positive factors, the price of dimethyl ether rose to a relatively high level.
But on April 15, the turning point of the dimethyl ether market appeared, the main producing area in Henan fell by 0.81% on that day. Cost of methanol in 12 significantly weaker, liquefied gas civil market gains narrowed, along with the market good digestive gradually, the downstream increase resistance to high prices, the market enthusiasm more early turn pale, apparently part of the supplier, including henan grain is relatively clear, factory inventory pressure increases, henan at heart in 15, is the implementation of guaranteed policy, no foreign quotation. Shandong and Hebei are relatively stable.
The cost of methanol market, the domestic methanol spot market recently rose slowly. According to the monitoring of the SunSirs, As of April 14, the average price of domestic methanol producers in Shandong was 2370 RMB/ton, with a month-on-month decline of 3.27% and a year-on-year increase of 32.40%. Due to low inventory and limited supply of goods available for sale, the prices of some manufacturers in the northwest have been constantly raised, while those in the inland areas have followed, but the price increase is moderate.
In general, the cost of methanol market has stopped falling and increased, but the range is limited, and the civil market of liquefied gas is still continuing to rise, the increase is significantly narrower than the previous period, which brings good news to the market in general. On the supply side, the opening rate of the dimethyl ether market increased last week, the current market opening rate is about 13.5%, the supply is more sufficient. Demand, the end of a new round of downstream replenishment, and the resistance to high prices, have been delisted and wait-and-see. With rising temperatures, demand is likely to continue to fall, adding to the bearish factors. SunSirs believes that the short - term price of dimethyl ether market will still appear a small drop in the possibility.
