1、 Price trend
The domestic market price of dimethyl ether (Henan) rose continuously this week. At the beginning of the week, the average price of domestic dimethyl ether (Henan) market was 2983.33 yuan / ton, and at the end of the week, the average price was 3066.67 yuan / ton, up 2.79% in the week, 12.38% lower than the same period last year.
2、 Market analysis
| PVA 0588 ( PVA BP05) |
Product: the trading atmosphere of methyl ether (Henan) market on Tuesday is good. As of December 20, devices such as Hebei Yutai, Henan lankaohuitong and Shanxi Lanhua technology venture Co., Ltd. had been shut down for maintenance; there was no quotation for the failure of the new dimethyl ether device in Henan Yima. Shengxin, Qinyang, Henan Province, will not make an offer. The factory price of dimethyl ether of Henan xinlianxin Chemical Industry Group Co., Ltd. is 3150 yuan / ton, that of Hebei Jichun Chemical Co., Ltd. is 3380 yuan / ton, that of Shandong Dezhou shengdeyuan company is 3220 yuan / ton, and that of Shandong Yuhuang is 3230 yuan / ton.
On Tuesday, the operating rate of methyl ether was lower than that of last week. At present, the operating rate is at a relatively low level, and the overall market supply is reduced. This week, the trend of cost methanol was weak, but the civil use of liquefied gas rose sharply, which played a positive role in supporting the market. At present, the price difference between gas and ether gradually opened, rising to about 1300 yuan / ton, with a good mentality in the downstream and a rising enthusiasm for entering the market. However, there is no obvious change in the market terminal demand, which has a certain impact on the upside.
| PVA |
Industry: according to the price monitoring of the business association, in the 50th week of 2019 (12.16-12.20), there are 7 kinds of commodities rising month on month in the energy sector, including 1 kind of commodities rising by more than 5%, accounting for 6.3% of the number of commodities monitored in the sector; the top three commodities are liquefied gas (5.46%), dimethyl ether (2.79%) and petroleum coke (2.27%). There are 6 kinds of commodities falling on a month on month basis, and the top 3 products falling are MTBE (- 2.04%), LNG (- 1.50%) and methanol (- 1.42%). This week’s average was 0.5%.
3、 Future forecast
According to the DME analysts of the business association, there is no obvious improvement in the terminal demand of DME at present, and the trend of cost methanol is weak. In addition, the downstream new round of replenishment is over, and the market has been out of the market for a wait-and-see one after another, with limited market action, it is expected that there may be a slight reduction in the future market in the short term.
| POLYVINYL ALCOHOL |