Price Trend

The domestic dimethyl ether market fell first and then rose this week. At the beginning of the week, the average domestic dimethyl ether market price was 3436.67 yuan/ton, and at the end of the week, it was 3300 yuan/ton. Within the week, it rose by 3.98%, and the price fell by 25.03% compared with the same period last year.

II. Market Analysis

Product: This week, the dimethyl ether market fell first and then rose, and the trading atmosphere improved. Hebei Yutai dimethyl ether plant stopped for maintenance on September 13 and has not been opened up yet. Henan Lankao Huitong resumed its quotation on June 16. As of January 25, the ex-factory price of Shengxin dimethyl ether in Qinyang, Henan is 3280 yuan/ton, Lankao Huitong, Henan is 3300 yuan/ton, Yima, Henan is 3320 yuan/ton, Hebei Jichun Chemical Co., Ltd is 3450 yuan/ton, Shengdeyuan, Dezhou, Shandong is 3350 yuan/ton, and Yuhuang, Shandong is 3350 yuan/ton. The ex-factory price of dimethyl ether in Shanxi Orchid Science and Technology Venture Co., Ltd. is 3140 yuan/ton.

Industry chain: This week, the domestic methanol market has experienced a narrow fluctuation. At the beginning of the week, the average domestic methanol market price was 2214 yuan/ton, which was 0.18% higher than that of the same period last year, and 14.40% lower than that of the same period last year. The domestic liquefied petroleum gas market dropped broadly this week. The average price of domestic liquefied petroleum gas market was 4100 yuan/ton at the beginning of the week and 3890 yuan/ton at the end of the week. The price fell by 5.12% in the week, 17.7% compared with the same period last year. At the beginning of the week, the liquefied petroleum gas market and methanol market continued to weaken, which affected the market mentality. The downstream market is full of hollowness, replenishment is on demand, and the enthusiasm for entering the market is not high. Continuous shipments from manufacturers were blocked and inventories increased. At the end of the weekend, the seller rebounded strongly and tried to purchase in the market under the influence of fear of rising in some terminals. With the end of the year approaching, a new round of terminal replenishment work is about to start and prices rebound.

Industry: According to the price monitoring of business associations, there are 6 kinds of commodities in the rising and falling list of commodity prices in the energy sector in the 03rd week of 2019 (1.21-1.25). The top three commodities are power coal (0.47%), naphtha (0.42%) and asphalt (70) (0.42%). There are 8 kinds of commodities with a decline of more than 5%, accounting for 12.5% of the monitored commodities in this sector. The products with the first three declines are liquefied natural gas (-15.33%), liquefied gas (-5.12%) and dimethyl ether (-3.98%). Average gains and losses this week were -1.93%.

3. Future Market Forecast

Dimethyl ether business analysts believe that near the Spring Festival, most end users intend to replenish goods strongly. It is expected that there will be a rebound in future stock market.