This week, the domestic dimethyl ether market generally declined, while the Henan market fell first and then stabilized, with a significant decline. According to the data monitoring of the business community, the average price of dimethyl ether in Henan market was 4660 yuan/ton on October 17 and 4560 yuan/ton on October 24, with a decline of 2.15% in the week and 21.48% compared with the same period last year.

As of October 24, the market prices of dimethyl ether in various regions in China are as follows:

Region, mainstream quotation

Jiangxi, 4550 yuan/ton

Hebei, 4560 yuan/ton

Henan Province, 4190-4560 yuan/ton

This week, the domestic dimethyl ether market as a whole was dominated by weakness. The Henan market fell first and then stabilized. The Hebei and Jiangxi markets also declined to varying degrees. Although the cost of methanol rose in the week, the price of liquefied gas related products fell due to the decline of international crude oil. In addition, due to the recent social and public health events, the market transportation is limited, the manufacturer’s shipment is blocked, and the inventory has increased. In terms of demand, the improvement of terminal consumption capacity is limited at present, and most downstream enterprises maintain the replenishment on demand, so they are cautious. Negative factors dominated the dimethyl ether market.

To sum up, the current market price of methanol as raw material is rising, which provides some support for dimethyl ether in terms of cost. In terms of demand, the improvement of terminal demand is limited, the downstream is cautious, and the market trading atmosphere is general. However, the current low level of supply in Henan market has brought certain benefits. It is expected that dimethyl ether will continue to consolidate in the short term.