SunSirs: China DME Rose in July and Boosed significantly in the Second Half of the Month

2021-09-09by admin

  In July, the overall focus of the domestic DME Market shifted upward, dominated by favorable factors in the month, and the prices in the main production areas of Henan exceeded the mark of 3,500 RMB/ ton. According to the data monitoring of business agency, the average price of DME in Henan market was 3,345.00 RMB/ ton on July 1 and 3,512.50 RMB/ ton on July 31. The overall increase in July was 5.01%.

  In July, the DME Market as a whole can be divided into the first half of the month and the second half of the month. In the first half of the month, there were many horizontal adjustments and the fluctuation range was limited. The price rose significantly in the second half of the month, and the price rose as a whole in July.

  In terms of cost methanol market, in July, the methanol market was low first and then high, and the overall fluctuation range was limited.

  At present, the price of DME mostly rises above 3,500 RMB/ ton, the price is relatively high, and the off-season has not passed, the overall market demand has not improved significantly, it is still weak, and the market negative factors still exist. Although the civil market of raw methanol and liquefied gas did not continue to rise, the price was relatively strong, and CP still rose in August, which brought some support to the market. It is expected that China DME market will still rise in August, but the range may be limited.