The overall domestic dimethyl ether market in Henan declined in January. According to data monitoring from Business Society, the average price of dimethyl ether in the Henan market was 3775 yuan/ton on January 1st, and 3725 yuan/ton on January 26th. The monthly decline was 1.32%, a decrease of 19.45% compared to the same period last year.

As of January 26th, the mainstream prices of dimethyl ether in various domestic markets are as follows:

Region/ Mainstream quotation

Shandong region/ 3800 yuan/ton

Hebei region/ 3800 yuan/ton

Henan region/ 3700 yuan/ton

In January, the price center of dimethyl ether in the Henan region continued to shift downwards. In early January, due to the decline in raw material methanol, the price of dimethyl ether was lowered. Affected by the sluggish demand trend, upstream parking reduction enterprises continue to increase, and supply continues to decrease. However, due to the continued weak demand side, the price of dimethyl ether further declined after a period of stalemate and consolidation. At the end of the month, the price of raw material methanol increased, and the cost pressure of dimethyl ether increased. Under the contradiction of supply and demand, dimethyl ether did not keep up with the increase.

The methanol market fluctuated and rose in January, with significant price increases at the end of the month. From January 1st to 26th (as of 3:00 pm), the average price of methanol in East China ports in the domestic methanol market increased from 2450 yuan/ton to 2565 yuan/ton, with a price increase of 4.89% during the cycle. The cost has increased, but the stability of dimethyl ether has led to significant cost pressure on dimethyl ether.

Overall, as the Spring Festival approaches, there has been no significant improvement in the downstream of dimethyl ether. With cost support, it is expected that the dimethyl ether market will maintain a weak and stable operation.