In May, the trend of dimethyl ether Market was high first and then low. In the first half of the month, it continued to rise, and in the second half, it continued to fall, and the overall price center moved up. According to the data monitoring of business news agency, the average price of dimethyl ether in Henan market was 3460.00 yuan / ton on May 1 and 3717.50 yuan / ton on May 31, with an increase of 7.44% in May, up 62.81% over the same period last year. As of May 31, the domestic market prices of dimethyl ether are as follows:
region Specifications date offer
Shandong Province Mass fraction of dimethyl ether: ≥ 99.0% May 31st 3750 yuan / ton
Hebei Province Mass fraction of dimethyl ether: ≥ 99.0% May 31st 3750 yuan / ton
Henan Province Mass fraction of dimethyl ether: ≥ 99.0% May 31st 3660-3700 yuan / ton
In May, the domestic dimethyl ether market can be divided into two stages: the first half of the month and the second half of the month. In the first half of the month, driven by the rise of raw materials, the domestic dimethyl ether market continued to rise, and most of the enterprises’ external quotation exceeded the 4000 yuan / ton level. In the second half of the month, due to the lack of support for raw materials and limited market demand, prices fell.
Let’s first look at the first half of the month. After the May Day holiday, the price of dimethyl ether in the domestic market continued to rise and could not stop. The main reasons for the rise are as follows. The most obvious one is the raw material methanol market. Due to the rising price of coal, methanol has risen sharply. The methanol futures and spot prices have risen hand in hand, bringing obvious benefits to the dimethyl ether Market. Secondly, in terms of market supply, most manufacturers of dimethyl ether are in the state of maintenance, and the decrease of market supply brings some support. Finally, in terms of demand, after the festival, there is a certain demand for replenishment in the downstream, which mainly focuses on replenishment in the market, and the market is more favorable. Under the mentality of buying up but not buying down in the downstream, it is more active to enter the market, and the market supply exceeds the demand, and the price continuously rises to May 19.
However, the rise did not run through the whole may, and the dimethyl ether market began to decline significantly on the 19th. The recent offer of raw material methanol market is lower, and the trading is weak, which brings no support to dimethyl ether. In the early stage, as the price continued to rise, the resistance of the downstream to high prices increased, and the enthusiasm for entering the market weakened. With the end of replenishment, most of them withdrew from the market to wait and see, and the overall transaction atmosphere of the market was general. Finally, on the demand side, due to the rising weather and temperature, limited terminal demand, and the lengthening of downstream replenishment cycle, the market is obviously restrained, the manufacturers’ shipment is hindered, the inventory is increased, and the main reason is that the goods are delivered with more profits. There were many negative factors, and the price of dimethyl ether continued to fall.
The cost of methanol market rose first and then decreased in May, and dimethyl ether was greatly affected by raw materials. On May 31, Shandong methanol Lubei market had no obvious deal yet, most of them were waiting for methanol plants in Northwest China to bid, mainly on the sidelines. Methanol market negotiation price in southern Shandong fell 50-60 yuan / ton to 2560-2570 yuan / ton in cash. Linyi received the local goods to negotiate the price to 2540-2560 yuan / ton and sent them to cash exchange. The logistics goods offer price is chaotic. Futures down, most of the downstream wait-and-see, general negotiations. The mainstream transaction price of Linfen in Shanxi Province dropped by 30 yuan / ton to 2370-2400 yuan / ton in cash; Changzhi area offline price to 2500 yuan / ton factory cash; The mainstream transaction price in Jincheng area was stable at 2400 yuan / ton in cash.
At present, the trend of raw methanol market is weak, and the civil LPG market is supported by the rise of CP in June. Although there are different degrees of rise in various regions, the rise is limited. On the supply side, as of the end of May, the operating rate of dimethyl ether Market was about 13.5%, down from last month. On the demand side, as the weather temperature rises, the traditional off-season is coming, the terminal demand slows down, and the replenishment cycle in the downstream is lengthened. On the whole, the negative side of dimethyl ether Market is more than the positive side. It is expected that the dimethyl ether market will continue to be weak in June and mainly decline.
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