Inventory pressure free, dimethyl ether Market price rose

This week (8.14-20) dimethyl ether market again to meet the upward situation, although the range is not large, but due to the inventory pressure and other favorable conditions, the trend is relatively strong. According to the data monitoring of business agency, the average price of dimethyl ether in Henan market on August 14 was 2246.67 yuan / ton, and that on August 21 was 2290.00 yuan / ton, an increase of 1.93% in the week and a decrease of 3.24% compared with August 1.

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Regional specification date mainstream quotation

Mass fraction of dimethyl ether in Shandong area: ≥ 99.0%, 2280 yuan / ton on August 20

Mass fraction of dimethyl ether in Hebei area: ≥ 99.0%, 2250 yuan / ton on August 20

The mass fraction of dimethyl ether in Henan Province: ≥ 99.0% August 20 2220-2320 yuan / ton

On Tuesday, the methyl ether Market was facing the upward situation again. Although there was not much positive this week, due to the majority of manufacturers’ inventory under control, the willingness to support the price was more obvious. During the week, the rise and fall of the civil gas market of liquefied petroleum gas (LPG) were mixed, and most of the civil gas in Shandong Province fell in a weak position, which played a negative role in the market. Under the influence of high temperature weather, the terminal demand needs to be improved, and the downstream needs to be supplemented as needed, so the enthusiasm for entering the market is general. The market was still bearish, with a narrow decline at the beginning of the week. However, due to the impact of floods in Southwest China, some enterprises were forced to stop their cars, and the market supply was reduced, which obviously supported the market. The inventory of manufacturers was pushed up without pressure. Taking Henan xinlianxin as an example, the price of xinlianxin increased by 30 yuan / ton on the 18th and 19th day, and increased by 20 yuan / ton on the 20th day. The ex factory price increased from 2260 yuan / ton to 2310 yuan / ton within three days. Downstream buying up mentality, the enthusiasm to enter the market has been improved, manufacturers to ship smoothly, a strong mentality.

 

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The domestic market of upstream methanol was up and down, but mostly lower. Among them, the price of methanol in Shandong Province decreased steadily, while that in Henan Province decreased in a narrow range. The main offer price of methanol market in southern Shandong Province temporarily stabilized at around RMB 1540-1550 / t spot exchange, Linyi received the local mainstream offer to 1530 yuan / T and delivered it without tax, and the part of logistics goods offered was 1510 yuan / ton. Most of the downstream enterprises wait and see, the market transaction is general. The market of LPG for civil use in Shandong Province was weak. Due to the rising price in the early stage and the increasing resistance in the downstream, the enthusiasm for entering the market was obviously weakened, and more delisting and waiting-and-a-half-a-half-a-half-a-half-a-half-a-half-a-half-a-half-a-half-a-half-a-half-a-half-year-old-year-old. The benefits to dimethyl ether are limited.

 

Although it is still in the traditional off-season in August, the weather is cooling down obviously, the terminal demand is expected to be improved, and most manufacturers’ inventory is operating at a low level, which supports the market obviously. Although the civil gas market is temporarily weak, it is still likely to rise in the future. It is expected that the DME market will consolidate in a narrow range in the short term, and there is still room for growth in the long run.

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