With the arrival of September, there are many favorable factors for dimethyl ether in the month, and the price has soared. At present, the price has risen to the highest point in three years. The market in Henan, the main production area, is only one step away from the 5000 yuan / ton mark. According to the monitoring data of business agency, the average price of dimethyl ether in Henan market was 3562.50 yuan / ton on September 1 and 4857.50 yuan / ton on September 26. The increase rate in September was 36.35%, an increase of 93.01% compared with the same period last year.

As of September 26, the domestic market prices of dimethyl ether in various regions are as follows:

region Specifications date offer

Shandong region Mass fraction of dimethyl ether: ≥ 99.0% September 26th 5100 yuan / ton

Hebei region Mass fraction of dimethyl ether: ≥ 99.0% September 26th 5120 yuan / ton

Henan region Mass fraction of dimethyl ether: ≥ 99.0% September 26th 4870-4900 yuan / ton

It is obvious from the annual comparison chart that the overall trend of dimethyl ether has been strong since this year, and the current price has exceeded the new high in recent three years. In September this year (2021), the domestic dimethyl ether market rose rapidly. Taking Henan xinlianxin as an example, the ex factory quotation of Henan xinlianxin dimethyl ether was 3560 yuan / ton on September 1 and 4870 yuan / ton on September 27. The cumulative increase in the month was 1310 yuan / ton. The rise was strong, and the price was close to the 5000 yuan / ton mark.

The dimethyl ether market rose sharply this time, mainly from the raw material methanol market. Affected by the dual control policy, the supply in the mainland is limited, the inventory of enterprises is reduced, the price of thermal coal has hit a record high again, and the methanol cost support is obvious. In addition, the methanol supply in Northwest China and other places has shrunk, the methanol production cost support is obvious, and the futures and spot have risen hand in hand. Under the influence of the policy, the supply of goods in the mainland is limited, and the downstream goods preparation is more active before the national day. The downstream strong goods preparation operation synchronously supported the sharp rise of the market, and mainland traders did not dare to be bearish under the logic of cost promotion. Under the high coal price, methanol cost support is still obvious.

On the other hand, the civil market of liquefied gas also ushered in a sharp rise in September. The price of the civil market of liquefied gas rose again and again under multiple favorable factors such as the arrival of the traditional peak sales season, the strong rise of international crude oil and the low market supply. With the positive support of the upward movement of raw methanol and civil gas, the dimethyl ether market rose with the adjustment, and the mentality of buying up but not buying down in the downstream, the market entry was more positive. However, in terms of demand, although the traditional peak demand season in September has come, the current terminal demand improvement is limited, which restrained some of the increase.

In the methanol market, as of September 26, the negotiated price in the methanol market in southern Shandong reached 3450 yuan / ton, the nearby factory offered cash exchange, Linyi received the local goods to negotiate the price to 3350-3400 yuan / ton and sent it to cash exchange, and the logistics offer is not available yet. The trading situation remains to be observed. The negotiated price of methanol market in central Shandong is stable at 3400-3420 yuan / ton and delivered to spot exchange. The price of local methanol factory in central Shandong is stable at 3500 yuan / ton, and the factory provides spot exchange. The transaction is OK. The transaction of methanol market in Dongying, Shandong Province is up to 3370-3380 yuan / ton and sent to cash exchange. The transaction is limited for the time being. The methanol market in Henan Province was adjusted in a narrow range, and the on-site trading was acceptable. The bidding transaction of main enterprises in Henan is accepted at the factory of 3330-3335 yuan / ton, which is equivalent to the cash withdrawal exchange rate of 3300-3305 yuan / ton; Luoyang market offer refers to 3270-3300 yuan / ton of cash out of the tank.

After the Mid Autumn Festival, the cost of methanol and liquefied gas civil market continued to rise, which significantly supported the dimethyl ether Market. The manufacturer’s mentality was relatively strong, and the rise of dimethyl ether continued. However, at present, the terminal demand is generally improved, the downstream has limited ability to accept high prices, has a cautious attitude, and its enthusiasm for entering the market is weaker than that in the early stage. There is also the upcoming National Day holiday, and some manufacturers have warehouse discharge demand before the festival. Generally speaking, the dimethyl ether market will be consolidated in the short term or at a high level, and we still need to pay attention to the change of raw material methanol.