In January, the dimethyl ether market rebounded sharply, and the price in Henan rushed to 4000 yuan / ton. According to the data monitoring of business agency, the average price of dimethyl ether in Henan market was 3580.00 yuan / ton on January 3 and 3946.67 yuan / ton on January 11, with an increase of 10.24% and a decrease of 4.38% compared with December 1.

As of January 11, the domestic market prices of dimethyl ether in various regions are as follows:

region Mainstream quotation

Jiangxi region 4180 yuan / ton

Hebei region 4350 yuan / ton

Henan region 3910-3980 yuan / ton

Entering 2022, the dimethyl ether Market has changed its weakness and ushered in a substantial rebound. There are plenty of positive factors in the market, and the price in Henan has increased one after another, sprinting 4000 yuan / ton. Jiangxi, Hebei and Shandong also increased to varying degrees. After new year’s day, the continuous rise of international crude oil has driven the civil price of liquefied gas higher. The price of raw methanol market is mainly strong after the festival, and the cost side has also brought some benefits to the market. In addition, due to environmental protection factors, the load of units in Hebei and Shandong decreased, and the overall supply of the market decreased. However, there is sufficient supply in Henan. The downstream market entry enthusiasm is good, the manufacturer’s mentality is strong, and the price has increased one after another.

After new year’s day, the methanol market rose in a narrow range. Due to the appropriate replenishment of downstream enterprises after new year’s day, the inventory of upstream enterprises decreased, the market atmosphere improved, and the mentality of people in the industry was supported. However, at present, the coal price is still in the weak consolidation stage, and the operating rate of the whole methanol industry is in a high position. With the holidays of downstream industries, the demand side is relatively low, and the current round of rise of methanol may be difficult to sustain.

At present, there is a significant correction in the market price of liquefied gas, and there is little change in the raw methanol market, which brings limited support to the dimethyl ether Market. In addition, with the rising price, the resistance in the downstream has increased, and the enthusiasm for entering the market has weakened compared with the previous period. It is expected that there is little room for the continued rise of the dimethyl ether Market in the short term, and it may still return to weakness in the long term.