The domestic dimethyl ether market rose slightly this week (7.31-7.4). According to the commodity market analysis system of the business community, the average price of dimethyl ether in Henan market was 3935 yuan/ton on July 31, and 4050 yuan/ton on August 4. The average price was 2.92% higher in the cycle, 6.3% higher than the same period last year.

As of August 4th, the mainstream prices of dimethyl ether in various regions of China are as follows:

Region/ Mainstream prices

Shandong region/ 3450 yuan/ton

Hebei region/ 3400 yuan/ton

Henan region/ 3300 yuan/ton

This week, there was a significant increase in the domestic dimethyl ether market. The supply in Henan region has decreased due to the reduction of mainstream factories, boosted by the rise in raw material prices, and the broad upward trend of related products, with upstream actively pushing up. Downstream performance is average, with a focus on demand and a resistance towards high priced sources.

According to the Commodity Market Analysis System of Business Society, the price of raw material methanol fluctuated and increased this week, with the price rising from 2280 yuan/ton at the beginning of the week to 2355 yuan/ton at the end of the week, an increase of 3.4%. The rise in methanol prices is the main reason driving the increase in dimethyl ether in this round.

Overall, if there is a weakening of cost support in the later stage, and the enthusiasm for downstream market entry is not high, the space for dimethyl ether to continue to rise is limited, and consolidation operation is the main focus.