I. Key Points
ICE Brent crude oil futures, November contract, settled at 101.21 USD/bbl, up 3.29 USD/bbl, or +3.36% period over period.
Feedstock methanol prices in the main production regions were stable.
Core logic: both supply and demand are weak.
| Product | Region | Previous Period | Current Period | Change |
|---|---|---|---|---|
| Dimethyl ether | Shandong | 4900 | 4900 | 0.00% |
| Dimethyl ether | Henan | 4600 | 4600 | 0.00% |
| Dimethyl ether | Southwest China | 4600 | 4600 | 0.00% |
| Dimethyl ether | Northwest China | 4600 | 4600 | 0.00% |
| Notes: 1. Dimethyl ether prices are in RMB, unit: yuan/tonne; 2. All RMB prices above are ex-works, cash-payment, tax-inclusive prices; 3. The prices for the two periods are point-in-time prices from the two working weeks preceding this week, not weekly averages; 4. The change rate is the period-over-period rate. |
III. Market Outlook
The dimethyl ether market ran firm in the morning session. A sharp rise in feedstock methanol pushed up costs, forcing dimethyl ether prices higher in a passive manner. The previous capacity utilisation rate was relatively low, but factory inventories are ample, providing acceptable support on the supply side. Traders entered the market actively, while end users remained cautious about high prices and mainly placed orders to cover immediate needs. Chempricehub expects the dimethyl ether market to consolidate at a firm level in the near term.
| Data Item | Release Date | Previous Period Data | Expected Trend This Period |
|---|---|---|---|
| Dimethyl ether weekly output | Thursday 16:00 | 7,300 tonnes | ↓ |
| Dimethyl ether weekly operating rate | Thursday 16:00 | 4.80% | ↓ |
| Notes: 1. ↑↓ indicates significant fluctuation, highlighting data dimensions with changes exceeding 3%; 2. ↗↘ indicates narrow fluctuation, highlighting data with changes within 0–3%. |
Comments
0