This week (11.1=6-11.10), the domestic dimethyl ether market maintained stable operation. According to the Commodity Market Analysis System of Business Society, the average price of dimethyl ether in the Henan market on November 6th was 3650 yuan/ton, and on November 10th it was 3650 yuan/ton. There was no increase or decrease during the cycle, and it decreased by 21% compared to the same period last year.

As of November 10th, the mainstream prices of dimethyl ether in various regions of China are as follows:

Region/ Mainstream prices

Shandong region/ 3850 yuan/ton

Hebei region/ 3800 yuan/ton

Henan region/ 3650 yuan/ton

This week, the overall stability of the domestic dimethyl ether market was maintained, with mainstream prices in the Henan market ranging from 3650 to 3700 yuan/ton. The price of raw material methanol fluctuated and increased this week, but the boost to the dimethyl ether market was limited. The on-site supply has tightened, and some factories have reduced their load operations. However, the enthusiasm for downstream entry into the market is not high, with a focus on just demand and a weak market mentality, resulting in weak production and sales.

According to the Commodity Market Analysis System of Business Society, the price of raw material methanol fluctuated and increased this week, rising from 2481 yuan/ton at the beginning of the week to 2514 yuan/ton at the end of the week, an increase of 1.19%. The cost support for dimethyl ether has strengthened.

Overall, with downstream demand continuing to be weak, it is expected that dimethyl ether will continue to operate in a weak manner in the short term.