Price Trend

The domestic dimethyl ether market continued to rise in September. At the beginning of the month, the average price of domestic dimethyl ether Market was 2920 yuan/ton. At the end of the month, the average price was 3320 yuan/ton. The increase rate was 13.7% in the month, and the price fell 31.9% compared with the same period last year.

II. Market Analysis

Products: The market of dimethyl ether rose in September, and the trading atmosphere improved significantly. As of September 30th, Yu Yu Tai two methyl ether plant stopped temporarily offer, Lankao Huitong Chemical Co., Ltd., orchid technology venture two methyl ether temporarily quoted price, the new two yuan methyl ether unit failure is temporarily not quoted. Xin Xin Lian chemical industry group, two, methyl ether, the factory price is 3270 yuan / ton, and the output price of the two methyl ether is 3370 yuan / ton, and the two yuan price of two methyl ether is 3350 yuan / ton, and the factory price of two methyl ether is 3370 yuan / ton.

The peak season officially arrived in September, and market prices rose significantly. At the beginning of the month, the trend of dimethyl ether was mainly turbulent. With the increase of cost and methanol, the shipment situation of the manufacturers improved. In addition, with the end of heart-to-heart and bottom-keeping, the trial rose for 3 consecutive days, and the surrounding manufacturers followed up. The market reaction was still acceptable and the trend was relatively strong. Afterwards, affected by the environmental protection policy, the enthusiasm of downstream market entry was attacked, and more delisting and wait-and-see were given priority to, and the shipment of manufacturer was hindered. Heart-to-heart again implemented the policy of guaranteeing the bottom, and prices fell slightly. From mid-month to the end of the month, there was a continuous upward trend. Due to the soaring crude oil, the liquefied petroleum gas market has a greater impact. The gas market is rising fiercely and flushing red continuously. The dimethyl ether Market is supported by this, and prices have been raised one after another. The market has begun to warm up. In the latter period, the methanol market was strong and upward, and the demand for replenishment in the downstream before the festival increased. The trading atmosphere of the market continued to improve. Moreover, many manufacturers parked before the festival, the market supply decreased significantly, the situation of supply exceeding demand appeared, manufacturers shipped smoothly, many stocks were basically empty, prices pushed up all the way to the end of the month.

Industry: According to the price monitoring of business associations, there are 11 kinds of commodities rising annually in the energy sector in the list of commodity prices rising and falling in September 2019, of which 4 kinds of commodities have increased by more than 5%, accounting for 25% of the monitored commodities in the sector; the top three commodities are methanol (15.85%), dimethyl ether (13.70%) and gasoline (6.36%). There are five kinds of commodities that have declined annually, two of which have declined by more than 5%, accounting for 12.5% of the monitored commodities in this sector. The products of the first three declines are liquefied natural gas (-6.05%), coke (-5.50%) and coking coal (-3.98%). This month’s average rise and fall was 2.2%.

3. Future Market Forecast

Dimethyl ether business analysts believe that the negative factor: after the multi-plant Festival device will be restarted, increased supply, increased capacity. Pre-Festival prices continue to rise to relatively high levels, the downstream acceptance capacity is limited, the market climate will weaken. Advantageous factors: the demand for inventory and replenishment downstream after the eleventh small and long vacation, coupled with a significant drop in temperature after the eleventh small vacation, the terminal demand has increased, and the gas market will be relatively strong affected by this. Generally speaking, the dimethyl ether Market is expected to show an upward trend in October.