In March, the domestic dimethyl ether market continued its downward trend, while the Henan market stepped down. According to data monitoring by Business News Agency, the average market price of dimethyl ether in Henan was 4320 yuan/ton on March 1, and 4120 yuan/ton on March 28. The monthly decline was 4.63%, down 2.75% compared to the same period last year.

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

Region/ Mainstream Quote

Shandong region/ 3700-3750 yuan/ton

Hebei region/ 3750-3800 yuan/ton

Henan region/ 3750-3800 yuan/ton

In March, the overall trend of the dimethyl ether market was difficult to say optimistic, with the market price center moving downward and the price inversion serious. At the beginning of this month, due to the relatively strong market for raw material methanol and strengthened cost support, the price of dimethyl ether increased slightly several times, with a range of 10-20 yuan/ton. Subsequently, the market was accompanied by a decline in raw material prices, weakening cost support, and a significant decline in the market for related liquefied gas products. As a result, on-site inventory pressure increased, factories shifted profits and goods to inventory, and some factories had plans to reduce their burden. Downstream demand continues to be sluggish, with negative factors leading to a difficult improvement in the dimethyl ether market.

 
Overall, the raw material methanol remains weak, the inventory of dimethyl ether manufacturers remains high, and there is no sign of improvement in market demand. There is expected to be a decrease in the supply of dimethyl ether in the future. It is expected that the dimethyl ether market will operate in a weak and volatile manner in the short term.