1、 Price trend
This week, the domestic market price of dimethyl ether (Henan) continued to rise. At the beginning of the week, the average price of domestic dimethyl ether (Henan) market was 3136.67 yuan / ton, and at the end of the week, the average price was 3230 yuan / ton, up 2.98% in the week, and the price was 5.37% lower than the same period last year.
| Melamine |
2、 Market analysis
Product: on Tuesday, the transaction atmosphere of methyl ether (Henan) market was active. As of January 17, Hebei Yutai, Henan lankaohuitong, Shanxi Lanhua science and Technology Co., Ltd. and other devices had been shut down for maintenance; Henan Yima Xinyuan dimethyl ether device failed, so no offer was made temporarily. The ex factory price of Shengxin dimethyl ether in Qinyang, Henan is 3380 yuan / ton, that of Henan xinlianxin Chemical Industry Group Co., Ltd. is 3360 yuan / ton, that of Hebei Jichun Chemical Co., Ltd. is 3530 yuan / ton, that of Shandong Dezhou shengdeyuan company is 3540 yuan / ton, and that of Shandong Yuhuang is 3300 yuan / ton.
On Tuesday, the market for methyl ether rose as a whole, and the market operating rate continued to be low, about 15%, with less overall market supply. At present, some manufacturers park out of stock. Spring Festival holiday is coming, terminal stock demand, enthusiasm into the market is better. Methanol market trend rose this week, futures rose strongly, boosting the mentality of factories in the mainland. The region actively pushed up, trading was smooth, which played a positive role in DME market. This week, the international crude oil fell mainly, the liquefied gas market continued to decline, and the gap between gas and ether continued to widen, which affected the DME market.
| EDTA |
Industry: according to the price monitoring of the business agency, in the second week of 2020 (1.13-1.17), there are four kinds of commodities rising month on month in the energy sector, the top three commodities are methanol (3.43%), dimethyl ether (2.98%) and liquefied natural gas (0.76%). There are 7 commodities falling on a month on month basis, and the top 3 products falling were liquefied gas (- 3.65%), petroleum coke (- 3.42%) and naphtha (- 1.80%). This week’s average was – 0.33%.
3、 Future forecast
At present, the weakness of international crude oil is declining, and the demand of civil gas manufacturers for storage and discharge before the festival is still weak, which limits the rise of dimethyl ether. However, there is a demand for replenishment at the DME terminal, the manufacturer’s shipment continues to be good, and the mentality is relatively strong. In addition, the cost of methanol continues to rise, which is good for the market. It is expected that the market will continue to rise in the near future, and the range may be narrowed.
| EDTA 2Na |