In February, the market of dimethyl ether was weak. In March, dimethyl ether market finally ushered in a rebound. According to the data monitoring of business news agency, the average price of dimethyl ether in Henan market was 3043.33 yuan / ton on March 4 and 3153.33 yuan / ton on March 9, with an increase of 3.61% and a decrease of 8.51% compared with February 1. As of March 9, the domestic market prices of dimethyl ether are as follows:

Region specification Date Quotation

Mass fraction of dimethyl ether in Shandong area: ≥ 99.0% March 9 3250 yuan / ton

The mass fraction of dimethyl ether in Hebei area: ≥ 99.0% on March 9 to 3300 yuan / ton

Mass fraction of dimethyl ether in Henan Province: ≥ 99.0% March 9 3080-3130 yuan / ton

Since February, the dimethyl ether Market has been in a downward trend. Due to insufficient downstream demand, the dimethyl ether Market is weak and hard to find good. In March, the good news came, and the dimethyl ether market finally ushered in a rebound. The first is the cost of methanol: the methanol market began to rise continuously in February, but due to the small increase in the early stage, the benefits to dimethyl ether were limited. On March 9, the offer price of methanol market in southern Shandong increased by 30 yuan / ton to 2380-2400 yuan / ton for cash withdrawal, while the negotiation price of methanol market in central Shandong increased by 50-60 yuan / ton for cash withdrawal at 2260-2300 yuan / ton. The mainstream transaction price of Linfen in Shanxi Province increased by 60-90 yuan / ton to 2060-2100 yuan / ton, and the mainstream transaction price of Jincheng increased by 100 yuan / ton to 2180 yuan / ton. The methanol market in the two lakes region was partially offered higher. The main enterprises in Hubei have not offered new prices, while other enterprises have raised their offers. The actual ex factory reference is 2400-2450 yuan / ton ex factory cash. The rising cost of methanol brings obvious support to dimethyl ether.

Secondly, the civil LPG market, which has been boosted by the recent rise of international crude oil, has stopped falling and gone up, and the price difference between gas and ether has gradually widened, which has brought certain benefits to the market. Dimethyl ether Market favorable factors hit, the cost of methanol and liquefied gas both up, manufacturers have a strong mentality, prices are actively rising. Take Henan xinlianxin as an example. On March 5, xinlianxin dimethyl ether was quoted at 3000 yuan / ton, and on March 10, xinlianxin dimethyl ether was quoted at 3130 yuan / ton, up 130 yuan / ton in just a few days. Under the mentality of buying up in the lower reaches, the market entry is more positive, which is obviously better than that in the earlier stage. The overall situation of manufacturers’ shipment is smooth, and the prices in various regions are widely pushed up.

On the whole, the main reason for the positive market is the rising cost of methanol, followed by the rise of LPG for civil use, which has also brought obvious boost to the market. At present, the enthusiasm of downstream market entry is relatively positive, and the mentality of manufacturers is relatively strong. However, as the weather gradually stabilizes, the downstream demand is limited, and the negative market factors still exist. It is expected that the dimethyl ether market may rise in shock in the short term, with limited range.