1、 Price trend

This week, the domestic dimethyl ether (Henan) market ushered in a long-standing rise. At the beginning of the week, the average price of domestic dimethyl ether (Henan) market was 2590.00 yuan / ton, and at the end of the week, the average price was 2706.67 yuan / ton, up 4.5% in the week, with the price down 22.30% compared with the same period last year.

2、 Market analysis

On Tuesday, the trading atmosphere in the methyl ether (Henan) market improved. As of April 10, Hebei Yutai, Shanxi orchid, Dezhou shengdeyuan and other devices had been shut down for maintenance; Henan Yima Xinyuan DME device failed, so no quotation was offered temporarily. The ex factory price of Shengxin dimethyl ether in Qinyang, Henan is 2700 yuan / ton, that of Henan xinlianxin Chemical Industry Group Co., Ltd. is 2670 yuan / ton, that of Hebei Jichun Chemical Co., Ltd. is 2700 yuan / ton, that of Henan lankaohuitong is 2750 yuan / ton, and that of Shandong Yuhuang is 2650 yuan / ton.

On Tuesday, the market of methyl ether rebounded upward, and the market operating rate slightly increased from last week, about 10%. At the beginning of the week, the rise of international crude oil for two consecutive days boosted the gas market, the rise of liquefied gas generally, and the rebound of cost methanol, which led to the rise of dimethyl ether. Henan xinlianxin rose 20 yuan / ton every day for 4 consecutive days. At present, in the civil market of liquefied gas, many terminals have recovered, demand has increased, downstream procurement is more active, and market entry has improved. The price of DME remained stable at the end of the week, the demand was still limited, and the market benefit was limited.

Industry: according to the price monitoring of the business association, in the 14th week of 2020 (4.6-4.10), there are 6 commodities in the list of commodity price rise and fall in the energy sector, including 2 commodities with a rise of more than 5%, accounting for 12.5% of the number of commodities monitored in the sector; the top 3 commodities are methanol (6.32%), Brent crude oil (5.14%) and dimethyl ether (4.50%). There are 10 kinds of commodities falling on a month on month basis, and 2 kinds of commodities falling by more than 5%, accounting for 12.5% of the number of commodities monitored in the sector; the top three products falling are asphalt (- 10.68%), WTI crude oil (- 10.11%) and power coal (- 3.45%). This week’s average was – 0.71%.

3、 Future forecast

At present, the civil use of liquefied gas is mainly stable, and the methanol market is running higher, which has boosted the market. However, the terminal demand of DME market is still limited, with limited benefits. It is expected that the market will maintain stability in the near future.