The price of DME in China’s domestic market rose broadly this week (1.5-1.10)

1、 Price trend


The domestic market price of dimethyl ether (Henan) rose continuously this week. At the beginning of the week, the average price of domestic dimethyl ether (Henan) market was 3083.33 yuan / ton, and at the end of the week, the average price was 3146.67 yuan / ton, up 2.05% in the week, 12.02% lower than the same period last year.


ferrous fumarate price

2、 Market analysis


Product: the trading atmosphere of methyl ether (Henan) market on Tuesday is good. As of January 10, devices such as Hebei Yutai, Henan lankaohuitong and Shanxi Lanhua technology venture Co., Ltd. had been shut down for maintenance; there was no quotation for the failure of the new dimethyl ether device in Henan Yima. The ex factory price of Shengxin dimethyl ether in Qinyang, Henan Province is 3200 yuan / ton, that of Henan xinlianxin Chemical Industry Group Co., Ltd. is 3290 yuan / ton, that of Hebei Jichun Chemical Co., Ltd. is 3600 yuan / ton, that of Shandong Dezhou shengdeyuan company is 3520 yuan / ton, and that of Shandong Yuhuang is 3350 yuan / ton.


On Tuesday, the market of methyl ether rose in general, especially in Henan. The market operating rate continues to decrease. At present, the operating rate is at a low level and the overall market supply is reduced. This week, the methanol market increased significantly, the liquefied gas market continued to rise, the gas ether gap continued to open, the downstream bullish mentality was obvious, the main purchase into the market, the overall shipment of manufacturers was relatively smooth, the mentality was strong, and the prices were continuously increased. In the later stage, due to the sharp fall of international crude oil, the market was constrained to go up, and the enthusiasm for entering the market in the lower reaches turned to be weak, and the price subsequently stabilized, with some manufacturers slightly reducing the price.


Ferrous Fumarate

Industry: according to the price monitoring of the business association, in the first week of 2020 (1.6-1.10), there are 6 kinds of commodities in the list of rise and fall of bulk commodity prices in the energy sector, including 1 kind of commodity with a rise of more than 5%, accounting for 6.3% of the number of commodities monitored in the sector; the top 3 commodities are methanol (5.24%), fuel oil (3.70%) and dimethyl ether (2.05%). There are 8 kinds of commodities falling on a month on month basis, 2 kinds of commodities falling by more than 5%, accounting for 12.5% of the number of commodities monitored in the sector; the top 3 products falling are LNG (- 6.45%), WTI (- 5.54%) and Brent (- 4.71%). This week’s average was – 0.69%.


3、 Future forecast


Dimethyl ether analysts believe that at present, the international crude oil has been lowered, which has some impact on the market. The terminal demand is limited. With the completion of a new round of replenishment in the downstream market, the main consumption inventory is delisting. However, at present, liquefied gas is at a high level, which supports the market to a certain extent. It is expected that the future market will be adjusted in the short term or sideways.

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