In January, the price of dimethyl ether Market increased mainly in the first half of the month, but continued to decline in the second half of the month. Only in the middle of the month, it remained at the level of 3500 yuan / ton for a few days, and then the price fell back below 3500 yuan. As of the 28th, the average price of main production area in Henan was only a few tens of yuan lower than that at the beginning of the month. According to the data monitoring of business news agency, the average price of dimethyl ether in Henan market was 3333.33 yuan / ton on January 1, and 3396.67 yuan / ton on January 28, with an increase of 1.90% within the month, and the largest amplitude of 6.20%. As of January 28, the domestic market prices of dimethyl ether are as follows:

Region specification Date Quotation

The mass fraction of DME in Shandong area: ≥ 99.0% on January 28th, > 3350-3430 yuan / ton

The mass fraction of dimethyl ether in Hebei area: ≥ 99.0% on January 28th to 3370 yuan / ton

The mass fraction of dimethyl ether in Henan area: ≥ 99.0% on January 28th ＜ 3410 yuan / ton

In the first half of January, the dimethyl ether market continued the rising trend of the end of 2020. After the festival, due to the strong trend of international crude oil, the price of liquefied gas civil market rose sharply. The news is favorable to the market mentality, and the demand for inventory and replenishment after the festival in the downstream, the market enthusiasm is high, the market transaction atmosphere is good, the manufacturers ship smoothly, the inventory is mostly at a low level, and the ex factory price is greatly increased. In the first half of the month, it only weakened on October 11, but with the rise of international crude oil boosting the LPG market again, the DME market continued to follow the upward trend.

In the second half of the month, the dimethyl ether Market went down one after another. Although the overall decline was small, the market lacked positive support. First of all, in terms of raw material methanol, the methanol market in Shandong was full of twists and turns in January. During the period, most of the methanol market fluctuated in a narrow range, and the overall trend was weak. At present, the freight of methanol market is not reduced, the cost of traders is not low, the enthusiasm of downstream procurement is not high, and some enterprises stop for holidays one after another, and the demand side support is limited. Cost weakness brings limited benefits to the market. The second is the LPG civil market. The international crude oil fell in shock, the news was bad, the market mentality was bad, the market transaction atmosphere was not good, and the manufacturers continuously lowered the ex factory price. With the decline of the civil gas market, the price difference between gas and ether gradually narrowed. Affected by this, the inventory pressure of dimethyl ether increased, and mainly followed the decline.

At present, the main production areas of Henan market mostly to stop falling to stabilize, Shandong and Hebei markets also follow to stabilize. The weak cost of methanol has limited support for the market, the rebound of civil gas market has brought some support to the dimethyl ether Market, the mentality of the downstream has improved, the enthusiasm for entering the market has increased, the inventory pressure of manufacturers has eased, and the price has stopped falling. Affected by the Spring Festival in February, there may be a slight rise in the market before and after the festival, but the market terminal demand is limited. It is expected that the dimethyl ether market may fall more and rise less in February.