Price Trend
The domestic dimethyl ether Market dropped broadly this week. At the beginning of the week, the average domestic dimethyl ether (Henan) market price was 3400 yuan/ton, and the weekend average price was 3226.67 yuan/ton. Within the week, the price dropped by 5.1%, which was 30.68% lower than the same period last year.
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II. Market Analysis
Products: Dimethyl ether (Henan) market prices fell this week, the market trading atmosphere is general. Up to May 17, the parking and maintenance of Hebei Yutai, Henan Qinyang Shengxin and Shandong Yuhuang dimethyl ether plants were not quoted for the time being. Henan Lankao Huitong dimethyl ether ex-factory price is 320 yuan/ton, Henan Yima Xinyuan dimethyl ether ex-factory price is 3100 yuan/ton, Hebei Jichun Chemical Co., Ltd. ex-factory price of dimethyl ether is 3250 yuan/ton, Shandong Dezhou Shengdeyuan Co., Ltd. ex-factory price of dimethyl ether is 3150 yuan/ton, Shanxi Orchid Science and Technology Venture Co., Ltd. ex-factory price of dimethyl ether is 3090 yuan/ton.
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Industry chain: This week, the domestic methanol market is tidying up in a narrow range. At the beginning of the week, the average domestic methanol market price was 2,234 yuan/ton, and at the end of the week it was 0,080 yuan/ton. Within the week, the price rose by 2.06%, which was 26.17% lower than that of the same period last year. The domestic liquefied petroleum gas (Shandong) market first restrained and then rose this week. At the beginning of the week, the average price of the domestic liquefied petroleum gas market was 4 466.67 yuan/ton, and at the end of the week, the average price was 4 383.33 yuan/ton. Within the week, the price fell by 1.87%, which was 0.9% higher than that of the same period last year. At present, dimethyl ether is in the off-season, and terminal demand is insufficient to follow up. International crude oil trend shocks, liquefied gas market weakness downward. At the beginning of the week, with the completion of a new round of replenishment in the downstream market, most of them are delisting and wait-and-see. Manufacturers are not able to deliver goods smoothly, and most of them are under inventory pressure. However, the raw material market is strong, the cost support is strong, and the price has been lowered to a low level. At present, the inventory of manufacturers is in a controllable state, and the weekend market has stabilized.
Industry: According to the price monitoring of business associations, there are 8 kinds of commodities rising in the energy sector in the 18 th week of 2019 (5.6-5.10). The top three commodities are coke (3.70%), methanol (3.21%) and liquefied natural gas (1.10%). There are 8 kinds of products that have declined annually. The first three products are MTBE (-1.09%), naphtha (-0.90%) and asphalt (-0.68%). This week’s average rise and fall was 0.46%.
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3. Future Market Forecast
Dimethyl ether business analysts believe that: the current cost of methanol trend is strong, dimethyl ether profit is small, manufacturers have no willingness to yield, coupled with the current inventory in a controllable state. It is expected that the future market will be stable.