As expected in June, the domestic dimethyl ether market still did not get rid of the downward trend and continued to decline. According to the data monitoring of business agency, the average price of dimethyl ether in Henan market on June 1 was 2270.00 yuan / ton, and on June 30 was 2193.33 yuan / ton, a decrease of 3.38%, compared with 28.56% in the same period of last year.

Regional specification Date Quotation

Mass fraction of dimethyl ether in Shandong area: ≥ 99.0% June 30 2130 yuan / ton

The mass fraction of dimethyl ether in Hebei area: ≥ 99.0% June 30 2200 yuan / ton

The mass fraction of dimethyl ether in Henan Province: ≥ 99.0% June 30 2110-2180 yuan / ton

In June, DME continued to be weak and its focus continued to move downward. The market operating rate was about 12%, which was lower than that of last month. The market transaction atmosphere was still depressed. At the beginning of the month, although crude oil rose, CP was released higher than expected in June, and the civil gas market rose positively, the positive effect on DME was very limited, and the market continued its decline in May. The enthusiasm of downstream market entry is general, manufacturers’ shipment situation is not good, some enterprises’ inventory pressure is rising, prices continue to decline in a weak position, repeatedly record low.

With the price falling to a relatively low level, the market trading atmosphere is still not significantly improved. In the case of cost inversion, most enterprises reduce production load, a small number of enterprises are forced to stop, the market operating rate is weakened, which brings some support to the market, and the price stops falling and stabilizes. However, the decline of LPG civil market still has a negative impact on DME, and there is still a certain inventory in the downstream, so the market is limited and the price is mainly stable. Until the 17th, crude oil continued to rise slightly, and market supply continued to decrease, DME market finally ushered in an upward trend. Henan xinlianxin took the lead in raising the price by 10 yuan / ton, while other enterprises adjusted the price and followed the increase. However, the poor demand of the terminal market is still the biggest constraint, and the cost of methanol is weak consolidation, the trend of liquefied gas for civil use is not good, and the rising power of dimethyl ether is insufficient and the increase is limited, and then the trend is still stable.

After a narrow cut on the 21st, the market was collated horizontally until the end of the month (30th). During this period, the atmosphere of DME market transaction was relatively light, Henan as the main production area, the market supply was more sufficient. However, under the influence of seasonal factors, although the market operating rate is less than 15%, it is difficult to get out of the weak position. As the main enterprise in Henan market, heart to heart, constrained by the demand, the company began to offer steadily on June 19. The shipping situation is not ideal, and only small orders are purchased in the downstream. At present, the sales pressure of enterprises is great.

At present, because dimethyl ether is in the traditional off-season, the terminal demand is not high, and under the influence of social and public health events this year, the demand of some catering industry is not as good as in previous years, and most enterprises say that the sales pressure of dimethyl ether is relatively high. Although the LPG civil market changes, the DME market is not affected by it, and it is still “responding to changes with the same”. In the future, it is difficult for DME to change the weak position in the short term, but there is not much room for decline. In July or weak narrow range consolidation is the main trend.