Since July, the dimethyl ether Market has reached the bottom and rebounded. From July 1 to 26, it showed an upward trend until the turning point appeared on July 27. The market returned to rationality and fell in a weak position. According to the data monitoring of the business agency, the average price of dimethyl ether in Henan market on July 26 was 2466.67 yuan / ton, and that on July 27 was 2436.67 yuan / ton, with a one-day drop of 1.22% and an increase of 11.09% compared with the beginning of the month (July 1).
Regional specification: July 27 compared with the previous day
Mass fraction of dimethyl ether in Shandong area: ≥ 99.0% 2350 yuan / ton 0
Mass fraction of dimethyl ether in Hebei Province: ≥ 99.0% 2500 yuan / ton 0
The mass fraction of dimethyl ether in Henan Province: ≥ 99.0% 2370-2480 yuan / ton – 30 / – 20
Due to the long-term downturn of dimethyl ether in the early stage, the price has been at a low level, most enterprises are facing a loss situation, some enterprises are forced to repair or low load production, some enterprises are limited in sales. Henan, as the main production area of dimethyl ether, has basically balanced production and sales. Under this favorable situation, the dimethyl ether market ushered in a price rise in July. It can be seen from the trend chart of DME in July that from July 1 to 12, the market growth was not obvious, and the price rose steadily; from 13 to 17, the market rose rapidly, with the weekly increase as high as 6.57%; from 18 to 26, the market returned to rationality, the rise slowed down, and the period was dominated by high consolidation; until the 27th, there was a downward market.
Due to the influence of seasonal factors, the current hot weather, the market terminal demand is relatively limited, due to the price pull up too fast in early July, with the end of a new round of downstream replenishment, the mentality of resistance to high prices, have withdrawn from the market to wait and see, consumption of inventory, market trading atmosphere has changed. At present, the weakness of international crude oil has a negative impact on the market, and the strong situation of the civil gas market is not there. On the 27th, the ex factory prices of many regions were lowered, and dimethyl ether was affected by this, and finally it was hard to escape the decline. Take Henan xinlianxin as an example, the price remained stable for two consecutive days from 25 to 26, until the price was first reduced by 20 yuan / ton on the 27th, then the price was adjusted again, and the minimum guarantee policy was implemented from 27 to 28 days. At present, Henan Province is mainly down regulated slightly, while there is no obvious change in Hebei Province and Shandong Province, and the quotation is stable. At present, the operating rate of DME market is only about 10%.
The cost of methanol has been mainly reduced in recent years, but the civil situation of LPG has not been strengthened, so the factory price has been reduced intensively. The weakness of both methanol and LPG affected the market mentality. After the downstream replenishment was in place, they withdrew from the market one after another in the face of high prices, and their mentality was more cautious. However, the current enterprise inventory is operating at a low and medium level, and the pressure is small, so it is mostly adjusted according to its own situation. It is expected that in the short term, the market or horizontal market will be dominated by narrow range consolidation.