Price Trend
This week, the domestic dimethyl ether market rose first and then declined. The average price of domestic dimethyl ether (Henan) market was 3176.67 yuan/ton on August 9, and 3040 yuan/ton on August 16. Within a week, the price of dimethyl ether (Henan) fell by 4.3%, 33.98% compared with the same period last year.
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II. Market Analysis
Products: Dimethyl ether (Henan) market prices fell this week. As of August 16, Yutai in Hebei and Lankao Huitong in Henan were stopped for overhaul, and Xinyuan dimethyl ether plant in Yima in Henan was out of order. No quotation was made for the time being. The ex-factory price of Shengxin dimethyl ether in Qinyang, Henan is 3070 yuan/ton, that of Henan Xinlian Chemical Industry Group Co., Ltd. is 3010 yuan/ton, that of Hebei Jichun Chemical Co., Ltd. is 3200 yuan/ton, that of Shengdeyuan, Dezhou, Shandong is 3050 yuan/ton, and that of Yuhuang, Shandong is 3050 yuan/ton. It’s 3080 yuan? The ex-factory price of dimethyl ether in Shanxi Orchid Science and Technology Venture Co., Ltd. is 3040 yuan per ton.
Industry chain: Domestic methanol market performance is different this week, the mainland market is slightly stronger than the port market. This week, the overall performance of the mainland market is still acceptable, continuing the strong trend last week. Prices in the main production areas of Northwest China rose at the beginning of the week. The trading atmosphere was good. Most enterprises stopped selling, which to some extent boosted the mainland market. The liquefied petroleum gas market fell first and then rose this week. Affected by typhoon weather at the beginning of the week, there was rainfall in Shandong, which affected the production and loading and unloading of manufacturers. In addition, the transportation of high-speed dangerous chemicals was limited, the trading atmosphere was cold and the price trend was weak. Later by the international crude oil boom to bring good market, prices generally increased, trading atmosphere improved significantly, smooth shipment. This week, the dimethyl ether industry started work at 32.3%, the weekly start slightly declined by 0.2%. At present, the market demand for dimethyl ether is shrinking, prices continue to be depressed, downstream purchases are mostly on demand, and the enthusiasm for entering the market is general. Although methanol has risen this week, bringing some support to the market, but the contradiction between supply and demand of liquefied gas still exists, the trend is general, dimethyl ether is currently low profit, price weakening.
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Industry: According to the price monitoring of business associations, there are six kinds of commodities rising in the energy sector in the commodity price rise-fall list in the 32nd week of 2019 (8.12-8.16). Among them, there are one commodity with an increase of more than 5%, which accounts for 6.3% of the monitored commodities in the sector. The first three commodities with a rise are coke (6.29%), gasoline (2.26%) and methanol (1.92%). There are nine kinds of commodities that have declined annually. The first three products are dimethyl ether (-4.60%), liquefied natural gas (-3.53%) and power coal (-1.20%). This week’s average rise and fall was 0.14%.
3. Future Market Forecast
Dimethyl ether business analysts believe that the current market is still in the off-season demand, downstream more consumption of pre-inventory, market enthusiasm is general, but as August is about to pass, market demand has improved, the traditional “gold nine silver ten” is coming, the market is expected to decline first and then rise.
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