First, the price trend
In July, the domestic DME market fell as a whole, and the shock was dominant. At the beginning of the month, the average domestic market price of DME was 4375.00 yuan/ton, and the average price at the end of the month was 4363.75 yuan/ton. The monthly decline was 0.26%, and the price increased by 30.09% compared with the same period of last year.
Second, the market analysis
Product: The market for DME in July was lowered. The operating rate this month is still not high. Hebei Yutai and other manufacturers currently do not offer parking, Henan Lankao Huitong on June 16 driving quote. As of July 31, Henan Lancao Huitong dimethyl ether ex-factory price was 3950 yuan / ton, Henan Yima Xinyuan dimethyl ether ex-factory price was 3940 yuan / ton, Hebei Hunchun Chemical Co., Ltd. dimethyl ether ex-factory price was 3900 yuan / ton The ex-factory price of DME of Shengdeyuan Company of Shandong Dezhou is 3870 yuan/ton, and the ex-factory price of dimethyl ether of Shanxi Orchid Technology Technology Co., Ltd. is 3730 yuan/ton.
In the industrial chain: in July, the methanol market first rose and then fell, and the overall increase. According to the price monitoring of the business community, the price of methanol at the beginning of the month was 2,722 yuan/ton, and the price of methanol at the end of the month was 2,793 yuan/ton. The monthly increase was 2.62%, and the price rose by 23.62% compared with the same period of last year. In July, the domestic LPG market price rose all the way. At the beginning of the month, the average domestic LPG market price was 4115.00 yuan / ton, the average price at the end of the month was 4412.5 yuan / ton, the monthly increase was 7.23%, the price increased by 32.88% compared with the same period last year. The operating rate of dimethyl ether this month has increased from last month. In the early stage, due to the low season of traditional sales, downstream stocks continued to digest slowly, and the overall supply of the market was excessive. The price fluctuated lower. In the latter stage, the number of entering the market increased slightly under the influence of the “fear of rising” mentality. The prices of domestic enterprises have risen steadily, but the weather is hot, the downstream inventory digestion continues to be slow, the overall purchasing enthusiasm is slightly cautious, and the dimethyl ether price has limited upside.
Industry: According to the price monitoring of business companies, there were 9 kinds of commodities in the energy sector that rose in the price of commodity prices in July 2018, of which 2 products were increased by more than 5%, accounting for 12.5% of the monitored products in the sector. The top 3 commodities were liquefied natural gas (21.65%), liquefied gas (7.23%) and diesel (3.16%). There were 7 kinds of commodities with a decrease in the chain, and 2 products with a drop of more than 5%, accounting for 12.5% of the monitored products in the sector; the top 3 products were coke (-13.09%) and thermal coal (closing price). ) (-9.24%), WTI crude oil (-4.52%). This month’s average price increase and decrease was 0.83%.
Third, the market outlook
With the advent of August, market demand is expected to increase, the overall market price is expected to be transferred to the upward channel again according to the practice, and the raw material methanol and liquefied gas market is firm, which is good for the dimethyl ether market. The market for dimethyl ether is expected to be bullish.