This week, the domestic dimethyl ether market continued to be weak and the decline deepened. According to the data monitoring of the business agency, the average price of dimethyl ether in Henan market was 3967.50 yuan / ton on December 5 and 3707.50 yuan / ton on December 10. The decline rate during the week was 6.55%, 10.18% lower than that on December 1.

As of December 10, the domestic market prices of dimethyl ether in various regions are as follows:

region Mainstream quotation

Jiangxi region 4050 yuan / ton

Hebei region 3990 yuan / ton

Henan region 3650-3690 yuan / ton

This week, the domestic dimethyl ether market continued to decline, the prices in the main production areas of Henan mostly fell to 3700 yuan / ton, and Hebei and Shandong also followed the decline. At the beginning of the week, although the dimethyl ether Market weakened, it was relatively strong. The price of liquefied gas market of related products rose with the rise of international crude oil, which brought some support to the dimethyl ether Market. In the late part of the week, the market was not well supported, the decline of dimethyl ether deepened, the wide decline of raw methanol and the weakness of civil gas all brought bad news to the market, the market demand still did not improve significantly, the downstream resisted high prices, had a cautious attitude, had general enthusiasm for entering the market, and the overall transaction atmosphere of the market was poor.

This week’s weak decline in the methanol market is mainly due to the weakening of downstream demand for MTO maintenance and formaldehyde in Ningbo Fude, the existence of warehouse discharge demand of upstream enterprises, and different mentality of traders. The methanol market fell under the background of de stocking, and the market atmosphere was depressed. The overall mood in the middle and lower reaches is poor. In addition to the rigid demand, the market is difficult to breed the demand for hoarding goods, which obviously suppresses the price.

At present, the dimethyl ether Market is not favorable, the cost of methanol and related products, civil gas are both weak, and the market demand has not increased significantly. The main production areas in Henan lead the decline, and the range is deepened. Shandong and Hebei follow the decline. It is expected that the weakness of the dimethyl ether market will be difficult to change in the short term, or continue to be the main producer.