In October, the domestic dimethyl ether market rose mainly as a whole, and the price of Henan market was firm, with significant increase. According to the data monitoring of the business community, the average price of dimethyl ether in Henan market was 4230 yuan/ton on October 1 and 4560 yuan/ton on October 27, with a rise of 7.8% in the month, down 14.25% compared with the same period last year.
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As of October 27, the market prices of dimethyl ether in various regions in China are as follows:
Region, mainstream quotation
Jiangxi, 4550 yuan/ton
Hebei, 4560 yuan/ton
Henan Province, 4190-4560 yuan/ton
In October, the domestic dimethyl ether market was relatively strong as a whole. The Henan market continued to increase mainly, and the Hebei and Jiangxi markets also rose to varying degrees, with significant amplitude. After the National Day holiday, the Henan market rose strongly, and the factory quotation continued to rise. On the cost side, the raw material methanol market started to rise on September 25. As of October 8, methanol rose by 19.8% during this period. The sharp rise in raw materials has brought significant benefits to the dimethyl ether market. On the supply side, many sets of devices, such as Hebi BMW and Qinyang Shengxin, were parked, the market supply was low, and most manufacturers had no pressure on inventory. On the demand side, after the festival, the logistics was recovered, and the demand for downstream inventory and replenishment was good. The enthusiasm for entering the market was good, and the market trading atmosphere was relatively mild. The market is obviously favorable, and the dimethyl ether market has sufficient driving force. In the later period, with the price of raw materials falling back, and the terminal demand increasing is limited, the enthusiasm of downstream entering the market is less than that in the earlier period, and the power of dimethyl ether to continue to rise is insufficient, so the price drops slightly. However, the low supply level in Henan market has provided relative support, and the price of dimethyl ether market has been mostly sideways until the end of the month.
To sum up, the current raw material methanol market is weak, and the cost support for dimethyl ether is insufficient. In terms of demand, the improvement of terminal demand is relatively limited, the enthusiasm of downstream market entry is not high, and the market trading atmosphere is general. However, in terms of supply, the market in Henan is relatively low. Most of the upstream inventories are under control. The manufacturers have an obvious attitude of price support, and most of the prices are stable. Dimethyl ether is expected to continue to rise in November.
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