From July 1 onwards, the value-added tax rate of dimethyl ether from the original 13% to 11%. In other words, according to the current market price of 3100 yuan (t price, the same below) calculation, the production cost per ton of dimethyl ether will be reduced by 62 yuan, which has been in the doldrums of the dimethyl ether industry is a good. But the integrated status of dimethyl ether industry, this good enough to make it out of the woods.
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“At present, the upstream methanol weak order, the cost of support is weak; downstream by the liquefied petroleum gas market lower impact, poor sales, is expected to decline in the second half of the dimethyl ether difficult to change, dimethyl ether industry struggling.” Fushun Petrochemical Company Dimethyl ether engineer Zhang Pengyu And other market people to judge.
Market confidence frustrated
“This year, the dimethyl ether market on a word: fell, but did not expect this round of the arrival of such anxious, so much, the market mentality once again suppressed.” For the recent round of dimethyl ether plummeted, Liaoning Dimethyl ether dealer Wang Qiang face helpless.
The first half of this year, the dimethyl ether market has been shocks down. From the beginning of the 4000 ~ 4100 yuan, all the way below 3100 yuan, the price fell by a quarter. Moreover, the recent stabilization of dimethyl ether has ushered in a round of shocks, playing business by surprise. On June 13 alone, the average price of dimethyl ether fell 2.2%. At present, the mainstream sales price in Hebei region 3080 ~ 3120 yuan; Henan mainstream transaction price of 3020 ~ 3170 yuan, Shandong mainstream transaction price 3100 ~ 3200 yuan; Shanxi mainstream transaction price 3010 ~ 3110 yuan. At the same time, the early maintenance of Zhangjiagang Jiutai Energy, Texas Shengde source, Kai Yue chemical DME equipment, the market turnover, the market volume increased, so that the already sluggish market again by the impact of market prices continued to fall, pessimism enveloped, the industry generally Confidence in the market outlook, by buying up or not buying mentality, downstream buyers generally on the sidelines, on-demand procurement, and further affect the recent direction of dimethyl ether.
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Upstream methanol fell
The upper reaches of methanol is also stumble endlessly, due to early parking maintenance devices have been restarted and new capacity increases, coupled with the general downturn in the general, weak demand, the market supply surplus situation is difficult to change.
“In the absence of obvious positive stimulation, the market is basically in the supply of excess situation.” Zhongyu information analyst Qi Hongfei analysis. This year, the methanol market trend has always been stagnant. June 14, the methanol commodity index was 78.45, down 19.5% from the beginning of the year. Recently, by the impact of lower international oil prices, methanol lost cost support, in the low shock. At the same time, due to the continued release of domestic methanol production capacity, the contradiction of supply surplus is still outstanding. On the other hand, a large number of new production capacity has been put into operation, such as the new Phoenix 200,000 tons / year, Shandong (Figure), the number of new production capacity will be put into operation, Ming water 600,000 tons / year, Hualu Hengsheng 1 million tons / year methanol plant also plans to put into operation recently. In addition, methanol imports have increased expectations, will give the surplus market caused further impact.
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At the same time, the main downstream consumer market, methanol generally into the off-season, while the impact of environmental supervision, formaldehyde and other industries to reduce operating rates, enterprises on demand procurement. The largest downstream consumption of methanol, polyolefin industry has entered a centralized maintenance period, the demand is very limited, it is difficult to form a strong support for the methanol market.
At present, dimethyl ether lost the cost of methanol support, manufacturers more homeopathic cut prices to stimulate demand, further exacerbate the market outlook for dimethyl ether.
Low price competition for liquefied petroleum gas
“Recently, by the weak international crude oil situation, the domestic liquefied petroleum gas market continued to slump, around the liquefied petroleum gas prices fell sharply in the dimethyl ether and liquefied petroleum gas prices narrowed the situation, many users turn to the use of liquefied petroleum gas, so that dimethyl Ether market affected. “Zhang Pengyu introduction.
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Dimethyl ether itself is oxygen-rich combustion, no residue after burning, is a clean energy, and liquefied petroleum gas have a certain alternative relationship, in recent years gradually into the field of civilian gas. Because of its cost savings than liquefied gas savings of about 10%, so many users take into account the economy and the use of dimethyl ether as fuel. Recently, the domestic liquefied petroleum gas market continued to slump, the price of liquefied petroleum gas around the decline, June 14 liquefied petroleum gas market average price of 3429.41 yuan, down 1.64% from the beginning. As a result, the price difference between the ether from the peak of 2,500 yuan gradually reduced to several hundred dollars, and even individual areas were upside down phenomenon. A large number of users to the procurement of liquefied petroleum gas, the demand for dimethyl ether significantly reduced.
On the whole, the mainstream price of dimethyl ether market with the raw material methanol and liquefied petroleum gas prices fell with the expected obvious, the future or will continue to weak trend, local enterprises bear the cost of pressure or will be down or down production, the dimethyl ether industry The day is still bad.
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