In April, the market of dimethyl ether in Henan continued the rise at the end of March and continued to rise mainly, with frequent fluctuations within the month and an overall upward trend of shock. According to the SunSirs data monitoring, On April 1, the average price of dimethyl ether in the Henan market was 3185.00 RMB/ton, on April 25, the average price was 3402.50 RMB/ton, up 6.83% in April, up 36.10% compared with the same period last year.
Reviving the market of dimethyl ether in Henan Province in April, it can be generally divided into the first half of the month and the second half of the month. In the first half of the month (4.1-4.15), the price of dimethyl ether showed a continuously rising trend, while in the second half of the month (4.15-4.25), the price of dimethyl ether showed a fluctuating rising trend.
First is the first stage, in the first half of the dimethyl ether market positive factors, continued to the end of March the rising market, the price continued to go up. The first reason for the upward trend is that the focus of the raw material methanol market moves upward, and the upward trend of costs brings obvious benefits to the dimethyl ether market. Second, the liquefied gas market also began to rise on March 22, gas ether prices 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.
In the second stage, the market of DME in the second half of the month showed a trend of fluctuation and frequent fluctuation. On April 15, the turning point of the dimethyl ether market appeared. On that day, the main producing area in Henan dropped by 0.81%. Because the cost of methanol in 12, a significant weakness, 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, some manufacturers also performs the guaranteed policy in 15, no foreign quotation. However, the falling market did not continue. On April 18, the Henan market of dimethyl ether ushered in a rising market again. The Henan market was boosted by the wide rise of raw material methanol, and the price stopped falling and went up. Near the end of the month, five small holiday also comes, before the downstream storage replenishment demand, market enthusiasm is better. As of April 25, the dimethyl ether market is still rising mainly.
The cost of methanol market, on April 25, the domestic methanol spot market entered a high consolidation stage. Methanol market in the southern region of Shandong negotiated the price to 2400-2410 RMB/ton of factory spot exchange. Linyi local goods to negotiate the price to 2380-2400 RMB/ton to the spot exchange, logistics goods offer price is not available. The downstream right amount of replenishment, industry mentality supported. Henan methanol market narrow finishing, light trading. The main enterprises in Henan temporarily do not invite bids but execute orders for shipment. Refer to 2305-2325 RMB/ton for factory cash withdrawal. Other enterprises offer stable, factory reference 2350 RMB/ton factory withdrawal spot; Luoyang market offer reference 2300-2320 RMB/ton pot spot exchange, trading light.
On the demand side, it is understood that near the May Day holiday, downstream stock replenishment demand, market enthusiasm are better. On the supply side, at present, some manufacturers in the Henan market overhaul, the overall supply has been tightened, and the manufacturers' mentality is strong. Cost methanol market high consolidation, although there is a decline but not much. But the market is still bearish, LPG civil market in the near future is weak. On the whole, The SunSirs believes that the dimethyl ether market may be dominated by favorable factors in the short term, and the market price in Henan is expected to rise to 3500 RMB/ton.
