Off season factors affect the market price of dimethyl ether fell nearly 4% in a single day

It can be seen from the trend chart that the dimethyl ether Market as a whole showed a downward trend in late May, and there was a sharp downward trend in this week’s market. According to the data monitoring of business news agency, the average price of dimethyl ether in Henan market was 3675.00 yuan / ton on June 6 and 3540.00 yuan / ton on June 7, with a one-day drop of 3.67%, up 57.80% over the same period last year. As of June 7, the domestic market prices of dimethyl ether are as follows:

PVA

region Specifications date offer

Shandong Province Mass fraction of dimethyl ether: ≥ 99.0% June 7th 3680 yuan / ton

Hebei Province Mass fraction of dimethyl ether: ≥ 99.0% June 7th 3650 yuan / ton

Henan Province Mass fraction of dimethyl ether: ≥ 99.0% June 7th 3480-3530 yuan / ton

In early June, with the introduction of CP price rise in June, the civil price of LPG was slightly higher, and the dimethyl ether Market was temporarily positive, and the price was stable and upward. However, due to the small increase of CP price, the positive effect on the market is limited. Then the DME market returned to the downward trend again. At the end of the week, the market began to decline, especially in Henan, with a decline range of 140-170 yuan / ton, Hebei and Shandong fell by 80-100 yuan / ton, and Jiangxi fell by 50 yuan / ton.

Affected by the traditional off-season factors, the decline is not unexpected. In the first ten days of May, the dimethyl ether market continued to rise, pushing the price up to a high level. Since the end of last ten days, dimethyl ether has not been good enough and has been greatly reduced. The overall decline of methanol cost was the main trend, while the trend of LPG civil market was weak, which brought bad news to the market. On the supply side, some manufacturers have recently restarted their devices, and the market supply has increased. On the demand side, the poor terminal demand has brought obvious constraints to the market, the downstream replenishment cycle has been lengthened, the replenishment is mostly on demand, and the enthusiasm is not good. There are many negative factors in the market, leading to a sharp drop in prices.

In recent years, the domestic methanol market has declined in many regions, which has brought bad news to the market. June 7, Henan methanol market offer lower, trading in general. The main enterprises in Henan offer 2360 yuan / ton factory withdrawal acceptance, other enterprises refer to 2380 yuan / ton factory withdrawal cash, Luoyang market offer reference 2330 yuan / ton can cash. The mainstream transaction price of Linfen in Shanxi fell by 30-80 yuan / ton to 2150-2220 yuan / ton in cash; Changzhi area offline price to 2400 yuan / ton factory cash; The mainstream transaction price in Jincheng area was stable at 2300 yuan / ton in cash.

At present, there are many negative factors in the dimethyl ether Market. The raw material methanol market and the liquefied gas civil market are weak. Affected by the traditional off-season factors, the demand is weak, and the enthusiasm of downstream market entry is limited. Moreover, the supply of dimethyl ether Market has increased compared with the previous period. Under multiple negative factors, the dimethyl ether Market is weak. Overall, dimethyl ether market lacks obvious positive support, and it is expected that there will still be room for decline in the future.

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