In the first week of September, dimethyl ether market again ushered in an upward trend. According to the data monitoring of the business agency, the average price of dimethyl ether in Henan market on September 1 was 2210.00 yuan / ton, and that on September 7 was 2270.00 yuan / ton, up 2.71% during the period, down 4.08% compared with August 1.

Regional, specification, date and mainstream price

The mass fraction of dimethyl ether in Shandong area: ≥ 99.0%, 2370 yuan / ton on September 7th

Mass fraction of dimethyl ether in Hebei area: ≥ 99.0%, 2520 yuan / ton on September 7

The mass fraction of dimethyl ether in Henan area: ≥ 99.0% September 7 2240-2355 yuan / ton

In August, the rebound of dimethyl ether was blocked for many times, and the market “fell more and more bravely”. In the first week of September, a new round of rebound was ushered in, and the trend showed signs of recovery. The good news this time mainly comes from the cost of methanol. As the raw material market price rises sharply, the market mentality is boosted. Under the pressure of high cost, the manufacturers have strong mentality and have no intention of falling. This rise, Henan as the main production area, due to the market supply is sufficient, but the terminal demand is stable, there is no obvious change, the rise is slightly weaker. And Hebei and Shandong increased more significantly. Take Hebei Jichun as an example, since September 1, the manufacturer has raised the ex factory price for several consecutive days. From September 1 to 7, the factory price rose from 2350 yuan / ton to 2520 yuan / ton, and increased by 270 yuan / ton within 7 days, which is more obvious.

Henan Province, the main production area, rose narrowly in the early stage, but it increased significantly on September 7. At present, most of the upstream inventory in Henan market is in the middle level. In the downstream buying and rising mentality, the enthusiasm of entering the market has been improved, and the market transaction atmosphere is good. Hebei and Shandong upstream mentality is relatively strong, shipping atmosphere is mild.

In terms of cost, the domestic methanol market experienced a sharp rise in one day, and then continued to rise on the 7th. Some manufacturers increased the ex factory quotation by about 30-50 yuan / ton. The quotation of methanol market in various regions has also increased to varying degrees, among which Shandong and Shanxi regions have obvious upward trend. The main factors of this week’s price rise are the positive futures driven, as well as the favorable impact of the recovery of downstream demand. In the short term, the positive factors will still remain for a period of time, traders are full of bullish mentality. The methanol analysts of the business club predict that the domestic methanol market will fluctuate at a high level in the short term.

The civil LPG market has entered September. Although it has entered the traditional sales peak season, it takes time for the terminal demand to improve, and there is no obvious change, and the consumption is still slow. Moreover, the decline of international crude oil has depressed the market mentality, and the lower reaches have insufficient confidence in the future market. They are more cautious and wait-and-see, and their enthusiasm for entering the market is not high. The market transaction atmosphere is not good, manufacturers are hindered in shipping, and the inventory is increasing. Forced to lower prices to stimulate downstream market entry.

At present, the international crude oil continues to decline, the focus of the civil gas market in Shandong Province has shifted downward, the terminal demand has not improved significantly, the market mentality is negative, or the price rise is restrained. However, the rising trend of methanol cost remains, and the market is still likely to rise as the downstream starts to prepare goods before the festival. And at present, under the support of traditional peak season, the market has been boosted. The rebound is dominated by favorable factors. In the future, the DME market may continue to rise in the short term, or the range may be narrowed.