Price Trend

The domestic dimethyl ether market fell this week. At the beginning of the week, the average domestic dimethyl ether market price was 3506.67 yuan/ton, and the weekend average price was 3470 yuan/ton. Within the week, the price dropped by 1.05%, 19.7% compared with the same period last year.

II. Market Analysis

Product: Dimethyl ether (Henan) market overall fell this week, the market trading atmosphere is not good. Up to April 19, the parking and maintenance of Yutai in Hebei, Shengxin in Qinyang in Henan, Lankao Huitong in Henan and Yuhuang dimethyl ether plant in Shandong were not quoted for the time being. Henan Yima Xinyuan dimethyl ether ex-factory price is 3450 yuan/ton, Hebei Jichun Chemical Co., Ltd. is 3450 yuan/ton, Shandong Dezhou Shengdeyuan Co., Ltd. is 3470 yuan/ton, Shanxi Orchid Science and Technology Venture Co., Ltd. is 3270 yuan/ton.

Industry chain: The domestic methanol market is not doing well this week. At the beginning of the week, the average domestic methanol market price was 2,388 yuan/ton, and at the end of the week it was 2,270 yuan/ton. Within the week, the price fell by 4.94%, 23.86% compared with the same period last year. The domestic liquefied petroleum gas (Shandong) market fell sharply this week. At the beginning of the week, the average price of the domestic liquefied petroleum gas market was 4,420 yuan/ton. At the end of the week, the average price was 4,386.67 yuan/ton. Within the week, the decline was 0.75%, and the price increased by 12.35% compared with the same period last year. At the beginning of the week, there was a slight increase. Under the effect of OPEC production reduction, international crude oil continued to rise, boosting the liquefied gas market mentality. In addition, some factories in Henan are still in the state of overhaul, low supply to support the balance of production and marketing of enterprises. However, the warming weather, dimethyl ether Market in the off-season, downstream demand is limited, there are still some restrictions on the market. The trend of cost methanol is not good. The downstream market has a strong hollow outlook on the future market. The enthusiasm of entering the market is not high, and most of them are wait-and-see.

Industry: According to the business association price monitoring, in the 15th week of 2019 (4.15-4.19), there were five kinds of commodities rising in the energy sector. The top three commodities were petroleum coke (0.94%), liquefied natural gas (0.94%) and Brent crude oil (0.59%). There are nine kinds of commodities that have decreased annually. The first three products are methanol (-4.94%), gasoline (-1.85%) and power coal (-1.46%). Average gains and losses this week were -0.61%.

3. Future Market Forecast

Dimethyl ether analysts of business associations believe that the market for methanol and liquefied petroleum gas is not moving well and bearish. In addition, the current off-season, the market is still expected to be downgraded.