In October, the domestic dimethyl ether market continued to rise as a whole. After the National Day holiday, the Henan market rose strongly, and the factory quotation continued to rise. According to the data monitoring of the business community, the average price of dimethyl ether in Henan market was 4230 yuan/ton on October 7 and 4630 yuan/ton on October 13, with a post holiday increase of 9.46%, up 22.97% compared with August 1.

As of October 13, the market prices of dimethyl ether in various regions in China are as follows:

Region, mainstream quotation

Jiangxi, 4600 yuan/ton

Hebei, 4910 yuan/ton

Henan Province, 4490-4630 yuan/ton

With the arrival of the “Silver Decade”, the domestic dimethyl ether market continued to rise, with prices continuing to rise. Most prices in Henan market operated smoothly during the National Day holiday, and the main increase came from the end of the National Day holiday. Since October 8, the domestic dimethyl ether market has risen significantly. The factory price of Henan dimethyl ether has been reported continuously high, and the focus has moved up widely.

First, on the cost side, the raw material methanol market started to surge higher on September 1, bringing obvious benefits to the dimethyl ether market. Until October 9, the methanol market gave up the increase and the price fell, but the early good still remained. According to the monitoring data of the business community, the average price of domestic methanol market was 2528 yuan/ton on September 1, 2850 yuan/ton on October 13, and the price rose by 12.74% during the period.

The second is the supply side. In the domestic dimethyl ether market, many sets of devices, such as Hebi BMW and Qinyang Shengxin, are parked. The market supply is low, and most manufacturers have no pressure on inventory.

The last is the demand side. With the end of the National Day Holiday, the logistics will resume after the holiday, and the downstream inventory and replenishment demand will be good. The enthusiasm for entering the market is good, and the market trading atmosphere is relatively mild. The market is obviously favorable. The dimethyl ether market has a strong driving force, and the markets in Hebei and Jiangxi are also significantly higher.

Future market forecast: the raw material methanol market began to decline in a weak way on October 9, bringing some containment on the cost side. On the supply side, the manufacturer’s inventory is still under control, and the mentality is relatively strong. On the demand side, the downstream maintains the replenishment on demand, and the market trading atmosphere is good. To sum up, although the supply and demand are still good, the price of dimethyl ether has risen to a relatively high level, and the raw material methanol is weak. The dimethyl ether market has insufficient momentum for continued growth, which may be stable in the short term.