1、 Price trend

In March, the domestic market of dimethyl ether continued to bottom out, during which it rebounded twice, but the momentum was insufficient, and the overall market still fell. At the beginning of the month, the average price of domestic DME market was 3003.33 yuan / ton, and at the end of the month, the average price was 2556.67 yuan / ton, with a drop of 14.87% in the month, 24.36% lower than the same period last year.

2、 Market analysis

In March, the market of dimethyl ether fell, and the trading atmosphere continued to be light. As of March 31, there is no price for the parking of DME devices in Yutai, Shandong shengdeyuan, Henan Yima Xinyuan and Shanxi orchid company. The ex factory price of DME of Henan Lankao Huitong Chemical Co., Ltd. is 2550 yuan / ton, the ex factory price of DME of Henan xinlianxin Chemical Industry Group Co., Ltd. is 2570 yuan / ton, and the ex factory price of DME of Henan Shengxin Biotechnology Co., Ltd. is 2550 yuan/ The factory price of dimethyl ether of Hebei Jichun Chemical Co., Ltd. is 2600 yuan / ton.

After March, the domestic dimethyl ether industry, except for some enterprises, has basically entered a comprehensive production state. However, due to the continuous price reduction in the later period, some enterprises have reduced their load production. In March, the operating rate of dimethyl ether was about 10%, and the market trading atmosphere remained depressed, which was hard to change. The international crude oil fell sharply this month, which significantly depressed the liquefied gas market. Although the demand for civil gas increased this month, the range was relatively limited, mainly following the broad decline of crude oil. However, there is no difference in the price of gas ether, and the demand for dimethyl ether decreases. The market of cost methanol continued to decline in March. Affected by the emergency safety events, the downstream demand of domestic methanol spot market recovered slowly, especially the traditional downstream market. However, after the middle of March, the impact of the development of foreign public health events, the continuous drop of foreign financial market triggered the circuit breaker, the pressure of the surrounding environment, the wide drop of methanol, and many new lows in the year. Some regional production enterprises have touched the new low And production lines or losses. Affected by the weakness of civil gas and cost methanol, the market of dimethyl ether rebounded twice this month, and it was difficult to reverse the situation and continue the decline.

3、 Future forecast

In March, the domestic methanol price continued to decline, some of which fell near the cost line, and some of the factories had lost money; most of the factories in the main production area had little inventory pressure, and the purchase of purchased olefins was relatively considerable, with the possibility of rising in the later stage. At present, the inventory of civil gas market is temporarily controllable, but the downstream market is bearish and cautious. After the introduction of CP in April, the decline is less than expected, which brings good results, but it is still greatly affected by crude oil in the later stage. At present, the price of gas ether is basically the same, so the demand for DME is reduced. It is expected that if the liquefied gas market rises significantly in April, it will bring a boost to the DME market.