This week (12.5-12.9), the overall domestic dimethyl ether market declined slightly, and the price in Henan was temporarily stable. According to the data monitoring of the business community, the average price of dimethyl ether in Henan market was 4620 yuan/ton on December 5, and 4620 yuan/ton on December 9. There was no rise or fall in the week, up 17.33% compared with the same period last year.

As of December 9, the market prices of dimethyl ether in various regions in China are as follows:

Regional/mainstream quotation

Jiangxi region./4570 yuan/ton

Hebei region./4500 yuan/ton

Henan Province./4250-4620 yuan/ton

This week, the overall transaction focus of the domestic dimethyl ether market moved downward. Although the market inventory position, the downstream demand followed slowly. At the same time, the crude oil price fell several times to a new low in the year, which depressed the mentality of the industry. Upstream shipment was the first, and the focus of individual enterprises’ negotiations was lowered. The market in Henan is relatively strong, the offer of enterprises is stable, and the actual transaction price is loose.

The main reason for the weak market of raw material methanol is supply and demand. The operating rate of the production enterprises has increased, while the source of imported goods continues to arrive at the port, and the supply is abundant. However, the existing demand has not been significantly boosted. Liquefied gas, a related product, rebounded after falling, but the crude oil continued to fall in the future market, resulting in insufficient upward momentum. The market stopped rising and stabilized, increasing resistance to continue rising.

In general, the dimethyl ether market is weak as a whole. Although the supply side remains stable, the cost side and demand side drag significantly. It is expected that the methyl ether market will remain weak next Tuesday.