SunSirs: Cost Support, China DME Market Rises again within the Month

　　In mid August, the DME Market returned to the rising route, and the price increased slightly. According to the monitoring data of SunSirs, the average price of DME in Henan market was 3,480.00 yuan / ton on August 17 and 3,512.00 yuan / ton on August 23. During this period, the overall increase was 0.93%, an increase of 53.38% compared with the same period last year.

　　In the middle of the month, the domestic DME market as a whole increased, of which Henan Province increased significantly, the price increased slightly continuously, and most of the current prices exceeded 3,500 yuan / ton. The cost of methanol has risen steadily recently, and the increase of raw materials has significantly supported the DME Market. In addition, with the recovery of demand in Henan, the downstream market entry situation has eased, the overall transaction atmosphere of the market is better than that in the early stage, the manufacturer’s inventory is mostly at a controllable level, the mentality is relatively strong, and the price is pushed up slightly. However, the current off-season has not passed, and the downstream mentality is cautious, still focusing on on-demand procurement.

　　In terms of cost methanol market, at present, crude oil continues to decline, coal prices are relatively strong, and the new price of major production enterprises in the main production area of Northwest China rose about 30-50 yuan/ ton this week, which has obvious positive guidance for the market. Traders are relatively active, but the downstream demand is relatively weak. In the short term, methanol just needs to be purchased, and the rise of the whole methanol market is weak.

　　Although the cost of methanol market has increased, which has brought some positive support to the DME market, the international crude oil has decreased, the civil LPG market has followed the decline, and the off-season has not passed, the terminal demand has not improved significantly, the downstream is in conflict with the high price, multidimensional holds replenishment on demand, and the enthusiasm for entering the market is general. Generally speaking, China DME market has limited room for rise in the short term, or narrow adjustment.