The domestic dimethyl ether market stabilized first and then rose in April. According to data monitoring from Business Society, the average price of dimethyl ether in the Henan market was 3600 yuan/ton on April 1st, and 3840 yuan/ton on April 28th. The monthly increase was 6.67%, a decrease of 6.11% compared to the same period last year.

As of April 28th, the mainstream prices of dimethyl ether in various domestic markets are as follows:

Region/ Mainstream quotation

Shandong region/ 3900 yuan/ton

Hebei region/ 3900 yuan/ton

Henan region/ 3800-3850 yuan/ton

In April, the dimethyl ether market in Henan region stabilized first and then rose. In early April, the price of dimethyl ether remained stable. The on-site supply remains stable, with downstream essential procurement as the main focus. There is a strong wait-and-see atmosphere, and on-site trading is light. Starting from late April, the price of dimethyl ether has been raised multiple times. The raw material methanol continues to rise, driven by high costs, and the mentality of the industry has slightly improved. Under cost pressure, dimethyl ether enterprises are pushing up prices, with a significant increase in Henan region. At the same time, downstream consumers have a clear resistance to high priced dimethyl ether, and demand remains weak.

The raw material methanol market fluctuated and fell. After reaching a low point on April 9th, it began to rise to the monthly high point on April 19th, and then began to fall, providing strong support for dimethyl ether.

Overall, the support of raw materials for dimethyl ether has weakened, and it is expected that there will be insufficient momentum for the continued rise of dimethyl ether in the future. On the contrary, under the constraint of demand, it is expected that the possibility of a slight decline in dimethyl ether prices will increase.