Category Archives: Uncategorized

This week, the dimethyl ether market fell weakly (9.11-9.15)

This week (September 11th to September 15th), the domestic dimethyl ether market continued to decline weakly. According to the Commodity Market Analysis System of Business Society, the average price of dimethyl ether in the Henan market on September 11th was 4265 yuan/ton, and on September 15th it was 4220 yuan/ton, which is 1.06% lower than the same period last year, an increase of 1.44% compared to the same period last year.


As of September 15th, the mainstream prices of dimethyl ether in various regions of China are as follows:

Region/ Mainstream prices

Shandong region/ 3600 yuan/ton

Hebei region/ 3550 yuan/ton

Henan region/ 3500 yuan/ton

This week, the domestic dimethyl ether market was in a weak downturn. During the week, raw material prices fell, and under cost constraints, dimethyl ether enterprises were weak in price support, and prices began to decline. At the same time, liquefied gas has experienced a decline, the price difference between gas and ether has narrowed, and the mentality of the industry has shifted from strong to weak. Under the influence of multiple bearish factors, dimethyl ether has been continuously lowered. The demand side remains light, and the enthusiasm for downstream market entry is not high.


According to the Commodity Market Analysis System of Business Society, the price of raw material methanol rebounded after falling this week, rising from 2510 yuan/ton at the beginning of the week to 2534 yuan/ton at the end of the week, an increase of 0.96%. The cost support for dimethyl ether is average.


Overall, downstream demand is weak, upstream inventory is accumulating, and the market lacks positive factors to boost it. It is expected that the dimethyl ether market will continue to be weak in the short term.

The overall decline in the propylene glycol market this week (9.10-9.14)

According to monitoring data from the Business Society, as of September 14, 2023, the market price of domestically produced industrial grade propylene glycol was referenced at 8716 yuan/ton. Compared with September 10 (propylene glycol reference price 8800), the price was reduced by 84 yuan/ton, a decrease of 0.95%.


From the data monitoring chart of the Business Society, it can be seen that this week (9.10-9.14), the overall domestic propylene glycol market showed a weak and declining trend. At the beginning of the week, the trading atmosphere on the propylene glycol market was average, with weak downstream demand. The overall supply of propylene glycol was under pressure, and the supply and demand transmission was relatively slow. At the beginning of the week, some propylene glycol factories narrowly lowered the shipping prices of propylene glycol by around 100-200 yuan/ton. As the weekend approaches, the trading atmosphere on the propylene glycol exchange has warmed up, and the market situation has slightly rebounded. As of September 14th, the domestic propylene glycol market price is referenced around 8700-8800 yuan/ton.


Analysis of Future Market Trends


At present, the trading atmosphere of propylene glycol on the market is mild, with new orders mainly discussed on the market, and the transmission from both supply and demand sides is still acceptable. The propylene glycol data analyst of the Business Society predicts that in the near future, the domestic propylene glycol market will mainly adjust and operate in a narrow range, and the specific trend still needs to pay more attention to changes in news on the supply and demand side.

On September 13th, the PVC spot market fell

Product name: PVC


Latest price: 6346 yuan/ton


Analysis points: On September 13th, the PVC spot market fell, and the trading atmosphere on the market was weak. In terms of raw materials, the upstream calcium carbide market is temporarily operating steadily. In terms of futures, the futures market weakened after fluctuating today, and the overall closing price fell. Overall, the trading sentiment in the PVC spot market is average, with cautious actual purchases and more wait-and-see downstream purchases, with on-demand purchases being the main focus.


Prediction: The PVC spot market may continue to fluctuate in the short term.

Recently, the n-propanol market has slightly increased (9.7-9.12)

According to the price monitoring data of Business Society, as of September 12, 2023, the reference price of domestic n-propanol is 8133 yuan/ton. Compared with September 7, 2023 (reference price of n-propanol is 8116 yuan/ton), the price has increased by 17 yuan/ton, an increase of 0.21%.


From the data monitoring chart of the Business Society, it can be seen that in the recent period (9.7-9.12), the overall market situation of n-propanol in China has shown a stable, moderate, and slight upward trend. Recently, the domestic n-propanol market has remained stable and organized. The news on the n-propanol market is relatively calm, and there is little adjustment in both supply and demand. The shipment rhythm of n-propanol supply side is normal, while downstream demand side demand is stable. The overall supply and demand transmission in the market is relatively smooth, and the mentality of the industry is good. On November 11th and 12th, some n-propanol suppliers in Shandong region increased the shipment price of n-propanol, with an increase of around 50 yuan/ton. As of September 12th, the domestic market price of n-propanol in Shandong region is around 7600-7800 yuan/ton. The market for n-propanol in Nanjing is relatively stable, and the market price for n-propanol is around 9000 yuan/ton. Distributors in different regions still have reservations about prices, and the difficulty in monitoring prices may lead to differences in specific negotiation situations. Each region also has differences, and actual negotiations are the main focus.


Prediction of the Future Market Trend of n-propanol


At present, the trading and investment atmosphere of n-propanol in the market is mild, the downstream purchase of n-propanol is mostly just to be replenished, and the new orders are clinched smoothly. The n-propanol data engineer of the business agency predicts that in the short term, the domestic n-propanol market will mostly stabilize and adjust its operation, and the specific trend needs to pay more attention to the information changes on the supply and demand side.

On September 11th, the sulfur market was weak

Product name: Sulfur


Latest price: On September 11th, the average sulfur price in East China was 1160.00 yuan/ton, a decrease of 1.42% compared to the previous working day price of 1176.67 yuan/ton.


Analysis: The domestic sulfur market is weak in consolidation, and the price range has been lowered. The operation of the sulfur refinery unit is normal, the supply of goods is stable, and the downstream phosphate fertilizer market is stabilizing. Demand is slowing down, and the on-site trading atmosphere is weakened. The mentality of the sulfur market is not good, and some refineries in Shandong are experiencing poor shipments. Over the weekend, the sulfur quotation was lowered by 40-70 yuan/ton.


Future Market Forecast: From the perspective of supply and demand performance, downstream prices are stabilizing, and support for sulfur is weakening. On the market, traders are mainly wait-and-see and actively shipping, and it is expected that the short-term sulfur market will consolidate and operate in a narrow range.