This week (11.20-11.24), the domestic dimethyl ether market maintained stable operation. According to the commodity market analysis system of Business Society, the average price of dimethyl ether in the Henan market on November 20th was 3650 yuan/ton, and on November 24th it was 3650 yuan/ton. There was no increase or decrease during the cycle, and it decreased by 21% compared to the same period last year.

As of November 24th, the mainstream prices of dimethyl ether in various regions of China are as follows:

Region/ Mainstream prices

Shandong region/ 3850 yuan/ton

Hebei region/ 3800 yuan/ton

Henan region/ 3650 yuan/ton

This week, the domestic dimethyl ether market remained stable overall, with mainstream prices in the Henan market around 3650 yuan/ton. The raw material methanol price remained stable this week, with weak support for dimethyl ether. On site supply remains stable, upstream inventory pressure is gradually increasing, downstream market entry enthusiasm is not high, rigid demand is the main focus, market mentality is weak, and production and sales are weak.

According to the Commodity Market Analysis System of Business Society, the price of raw material methanol fluctuated downward this week, rising from 2450 yuan/ton at the beginning of the week to 2402/ton at the end of the week, a decrease of 1.89%. The cost support for dimethyl ether is weak.

Overall, there are no favorable factors supporting the current dimethyl ether market. On the contrary, under the cover of negative factors, it is expected that the dimethyl ether market will maintain a weak consolidation operation in the short term.