In the third week of September, the DME market continued to rise. According to the data monitoring of business agency, the average price of dimethyl ether in Henan market on September 13 was 2406.67 yuan / ton, and that on September 18 was 2546.67 yuan / ton, up 5.82% in the week and 15.23% higher than that on September 1.

Ushering in the traditional peak season in September, DME finally rebounded successfully and ushered in a rising market. The rise is fierce, with a continuous rise in September. Entering the third week of September, the rising trend of dimethyl ether is still continuing, and the market trading atmosphere is good. After entering September, the cost of methanol rose sharply, boosting the market mentality. Under the pressure of high cost, the manufacturer’s mentality was firm, and they took advantage of the situation to follow the trend and had no intention of falling. Moreover, September is the traditional sales peak season. The current weather and temperature have decreased, and the temperature difference between morning and evening in the northern market is larger, and the demand is better than that in the earlier stage. Although the change is not particularly obvious, the news is good for the market mentality. In terms of supply, Henan Province is the main production area. Yima Kaixiang and BMW are operating at low load due to installation problems, and the market supply is reduced, which also brings certain benefits. Take Henan xinlianxin as an example, since September 14, the manufacturer has continuously raised the ex factory price, ranging from 10-30 yuan / ton, from 2490 yuan / ton to 2560 yuan / ton, and 70 yuan / ton in the week. Although the increase is narrower than that in the earlier period, the price is still firm.

Regional specification Date Quotation

Mass fraction of dimethyl ether in Shandong area: ≥ 99.0%, 2480 yuan / ton on September 18

The mass fraction of dimethyl ether in Hebei area: ≥ 99.0%, September 18, 2550 yuan / ton

The mass fraction of dimethyl ether in Henan Province: ≥ 99.0%, 2480-2605 yuan / ton

At present, due to the decrease of supply in Henan market, the manufacturers’ shipment is smooth, and the inventory is mostly in the low level. Hebei and Shandong upstream mentality is also relatively strong, the shipping atmosphere is mild, mainly with the rise.

In terms of cost, the domestic methanol market was mainly strong during the week, which gave obvious support to the dimethyl ether Market. The main transaction price of Linfen, Shanxi Province, was stable at 1580-1600 yuan / ton, and the offline price in Changzhi area was 1680 yuan / ton. The mainstream transaction price in Jincheng area increased by 30-60 yuan / ton to 1650-1680 yuan / ton. There was no new price in Luliang area. The reference mainstream price in Yuncheng area increased by 20 yuan / ton to 1620-1650 yuan / ton. The main ex factory price in Datong area was 1530 RMB / t spot exchange. The company’s shipment is fair, and fluctuates with the rise of regional price. The transaction price of Shandong methanol in Lubei market may decline slightly, at 1650-1660 yuan / ton, and the transaction may be weak. The quotation of methanol market in southern Shandong is temporarily stable at around 1830-1840 yuan / t spot exchange, and some transactions can be negotiated. Linyi receives local goods of 1760-1800 yuan / ton and delivers them without tax. The quoted price of logistics goods is relatively low. Most of the formaldehyde enterprises mainly execute contracts, but the new orders are limited and the market trading is general.

The trend of LPG civil market is weak, and the benefit to DME is limited. The rebound of international crude oil has brought a certain boost to the market. But at present, although the weather and temperature in the North has turned cooler, the temperature is still relatively high, the terminal demand continues to be weak, the downstream market entry enthusiasm is not high, and the market supply is sufficient, the manufacturer’s shipment situation is general, and the inventory is mostly in the middle high level. In the first ten days of September, the negative atmosphere of the market was relatively strong, and the downstream lacked confidence in the future market. In the short term, it is difficult to make an obvious breakthrough in the civil market of LPG. In the long run, the terminal demand is still expected to improve, and the downstream storage and replenishment demand before the festival, the market is still expected to rise.

At present, the international crude oil rebounded sharply, which brought a certain boost to the domestic gas. However, due to no obvious improvement in terminal demand, the market mentality was unfavorable and the price rise was restrained. In terms of cost, methanol price is firm, and with the downstream start to prepare goods before the festival, there are many favorable factors in the market, and there is still a possibility of upward trend. At present, under the support of traditional peak season, the market mentality is good. In the future, the trend of dimethyl ether Market in the short term is strong, stable and upward.