In mid January, domestic dimethyl ether prices plunged sharply, the market returned to weakness, and the price in Henan fell back to 3600 yuan / ton. According to the monitoring data of business agency, the average price of dimethyl ether in Henan market was 4083.33 yuan / ton on January 14 and 3653.33 yuan / ton on January 17, with a decrease of 10.53% and 11.49% compared with December 1.
As of January 17, the domestic market prices of dimethyl ether in various regions are as follows:
region Mainstream quotation
Jiangxi region 4080 yuan / ton
Hebei region 3850 yuan / ton
Henan region 3650-3660 yuan / ton
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In the middle of January, dimethyl ether ushered in a sharp decline, and the early increase was basically reversed. Only one weekend, the dimethyl ether market fell sharply, and the price on the 17th was still weak. Although the international crude oil price rose slightly, it brought limited support to the market. The weakening of the civil LPG market brought some bad news to the market. The cost methanol market fluctuates mainly in a narrow range, and the market lacks obvious benefits. The downstream market entry enthusiasm is not high, the mentality is cautious, and it is mainly wait-and-see. Henan market fell back to 3600 yuan / ton over the weekend, and Hebei and Shandong also followed the downward trend, falling back below 4000 yuan / ton.
The methanol market first fell and then rose this week. The main reason is that the transportation is blocked due to various reasons, the upstream warehouse discharge slows down, and forced to reduce the price for sales. Although there are few goods arriving at the port, the southwest gas head devices have been restored one after another, and the mentality of the operators is general. According to the monitoring data of business society, from January 7 to January 14, 2022, the average price of domestic methanol production enterprises fell from 2387 yuan / ton to 2382 yuan / ton, with a price drop of 0.21% during the cycle, a price month on month decrease of 9.06% and a year-on-year increase of 0.63%.
At present, the price of liquefied gas market is weak and downward, and the raw material methanol market fluctuates in a narrow range, which brings some bad news to the dimethyl ether Market. The downstream has a cautious mentality, low enthusiasm to enter the market, and the overall trading atmosphere of the market is poor. Near the Spring Festival, the manufacturers have a certain inventory discharge demand. It is expected that the dimethyl ether market will still be weak in the short term.
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