In June, the domestic DME market in Henan declined significantly. According to the data monitoring of the business community, the average price of dimethyl ether in Henan market was 4125 yuan/ton on June 1, and 3760 yuan/ton on June 28. The monthly decline was 8.85 yuan, 2.34% lower than the same period last year.

As of June 28th, the mainstream prices of dimethyl ether in various domestic markets are as follows:

Region/ Mainstream quotation

Shandong region/ 3150 yuan/ton

Hebei region/ 3200 yuan/ton

Henan region/ 3100 yuan/ton

In June, the decline in the domestic dimethyl ether market increased and deepened. In the first half of June, the dimethyl ether market in Henan region experienced a significant decline. Due to the significant suppression of downstream demand, upstream inventory quickly accumulated, and upstream prices were significantly adjusted to stimulate sales. The surrounding markets have also fallen synchronously, while crude oil prices have slightly adjusted, and the prices of related liquefied gas products have fluctuated at the bottom, supporting weak news. Entering the second half of the month, the market for dimethyl ether has seen a stable review. Under demand constraints, the positive news has limited boost, while the bearish trend has led to a clear and steady decline in the overall market,

The raw material methanol market first fell and then rose, strengthening support for dimethyl ether. Especially in the second half of June, the market started to recover, but the overall supply on the market was loose, with limited changes in demand, which suppressed price increases. From June 1st to 28th, the average price of East China ports in the domestic methanol market dropped from 2161 yuan/ton to 2103 yuan/ton. The price fell by 2.68% during the cycle.

Overall, the current price of dimethyl ether has fallen to a low point, but the industry has a strong bearish attitude towards the future market. It is expected to enter July, with high and stable weather further suppressing demand and the dimethyl ether market operating in a weak and volatile manner.