The cost support is obvious, and the market price of dimethyl ether will rise again within the month

This week, the domestic dimethyl ether market will return to the upward route again within the month, with the price mainly increased, and the price in Henan rose to 3700 yuan / ton. According to the data monitoring of business agency, the average price of dimethyl ether in Henan market was 3653.33 yuan / ton on January 17 and 3720.00 yuan / ton on January 24, with an increase of 1.82% during the week and 3.91% compared with January 1.

 

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As of January 24, the domestic market prices of dimethyl ether in various regions are as follows:

region Mainstream quotation

Jiangxi region 4140 yuan / ton

Hebei region 4140 yuan / ton

Henan region 3720-3750 yuan / ton

This week, the domestic dimethyl ether Market stopped falling and went up. The main production areas in Henan increased by 80-120 yuan / ton, and Hebei and Shandong also followed up to varying degrees. During the week, the raw material methanol market rose steadily, the cost support was acceptable, and the civil LPG market rose one after another driven by international crude oil, which brought some benefits to the dimethyl ether Market. In addition, the current market supply is not high. Near the Spring Festival, the downstream market replenishment is active, the manufacturer’s shipment is smooth, and the price rises one after another.

 

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The focus of methanol market rose this week, and the market atmosphere stabilized after rising. The main contract of methanol futures rose strongly in the first half of the week against the background of strong macro, and the sale of methanol futures in the main production areas in the mainland was still stopped after the price rise; The main consumer markets are also normally outsourced due to the slow arrival speed, and the prices rise simultaneously. According to the monitoring data of business agency, from January 14 to January 21, 2022, the average price of domestic methanol production enterprises increased from 2382 yuan / ton to 2507 yuan / ton. During the cycle, the price increased by 5.25%, the price decreased by 4.57% month on month, and the year-on-year increase was 7.39%.

 

At present, the market price of raw material methanol is strong, and the civil market of liquefied gas is mainly increased, which has brought good support to the market. Before the festival, the trading atmosphere in the market was good, the manufacturers shipped smoothly, the overall inventory was at a low level, and the mentality was relatively strong. It is expected that the price of dimethyl ether market will rise steadily in the short term.

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