With the arrival of Jinjiu, the market of dimethyl ether (DME) has turned over successfully. At last, the 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 30 it was 2556.67 yuan / ton, up 15.69% in the month and 5.35% higher than that on August 1.
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Regional specification Date Quotation
The mass fraction of dimethyl ether in Shandong area: ≥ 99.0%, 2530 yuan / ton on September 30
The mass fraction of dimethyl ether in Hebei area: ≥ 99.0%, 2620 yuan / ton on September 30
The mass fraction of dimethyl ether in Henan Province: ≥ 99.0% September 30 2490-2570 yuan / ton
At the beginning of September, although the market rose, the increase was not obvious. As the demand of the terminal market has not been significantly improved, the market supply is sufficient, and the main rise is small. It was not until July 7 that there was a significant pull up. 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. Prices continued to rise to the 18th.
Until the 20th, the rise of dimethyl ether was suspended and entered the downward channel. Due to the weak decline of methanol cost and limited support for the market, combined with the collapse of international crude oil, which depresses the mentality of the civil market of liquefied gas, it follows the downward trend. With the cost of methanol and liquefied gas both falling, the dimethyl ether Market was significantly suppressed, and the enthusiasm for downstream market entry turned weak, and more delisting was mainly wait-and-see. The factory shipment situation is general, the price falls weakly.
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However, the decline did not last, and it returned to the rising line in a few days. At the end of the month, with the arrival of the double festival, the downstream replenishment demand before the stock Festival entered the market one after another. Factory shipping atmosphere is hot, low inventory operation. At this stage, the international crude oil rebounded sharply, boosting the LPG civil market, mainly following the rise. In terms of cost, methanol price is firm, and there are many favorable factors in dimethyl ether Market, so it will continue to be dominant.
In September, the cost of methanol rose first and then consolidated, with an increase of 10.12% in the month. The sharp increase in cost has obvious support for the DME market. Especially at the beginning of the month, the methanol market rose rapidly. At the beginning of the month, the domestic methanol market showed an obvious upward trend, and some manufacturers raised the ex factory quotation several times within the week, with the range of 50-80 yuan / ton. Methanol market quotation in various regions has increased to varying degrees, especially in Shandong and Shanxi. The main factors of the price rise are the favorable futures driven, and the favorable impact of the recovery of downstream demand. The methanol market in China continued to rise in June. Some manufacturers temporarily shut down their devices, and the shipment was fair, and the manufacturer’s offer was firm. Since the last ten days of the month, the methanol market appeared a turning point and fell slightly. Due to the rapid rise in the early stage, the downstream market was not able to follow up, and the storage and discharge demand of manufacturers before the National Day holiday fell down narrowly at the end of the month, but the price remained firm.
At present, the operating rate of dimethyl ether Market is about 15%, which is increased compared with the previous period, and the market supply is relatively stable. Terminal demand increased slightly, downstream market entry enthusiasm is general, manufacturers’ shipment situation is good, inventory pressure is not big. In September, the rising cost of methanol brought obvious support to the market, but the LPG civil market was abnormal, and Jinjiu fell again and again. With the arrival of the “silver ten”, methanol is still very strong at present. The terminal demand of LPG for civil use is expected to increase, and the price may rise. In the future, there are still many favorable factors in the DME market, and it is possible to go up in October.
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