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.