The domestic price of dimethyl ether has been on a downward spiral since the end of the year, with prices dropping from a peak of 4,150 yuan/ton in late February to 3,817.75 yuan/ton as of now. This represents a decline of 331.25 yuan/ton, or 7.98%, marking a significant drop that has left many industry players concerned.
In early April and mid-May, the market saw a sharp decline over a short period. Although some manufacturers raised their factory prices, the overall transaction prices continued to fall due to weak demand and poor logistics conditions. The market experienced a steady downward trend, pushing prices to a new low.
Recently, the price of dimethyl ether fell sharply again, breaking through historical lows. As of June 4th, the price reached 3,818 yuan/ton, hitting a record low. With no signs of improvement in the domestic market, most dimethyl ether producers are now operating at a loss. Analyst Liu Keqin from DME noted that some manufacturers have suffered losses of up to 200 yuan/ton, forcing them to cut production due to unsustainable costs.
According to industry data, the operating rate dropped to 37% in March and further declined to 28% in May. The shrinking profit margins have led to a widespread wait-and-see attitude among market participants. With an oversupply of dimethyl ether and weak downstream demand, most users are purchasing only what they need, avoiding any speculative buying.
Liu Keqin also pointed out that the consumption of dimethyl ether remains sluggish. A large portion of the domestic supply is used for blending with liquefied gas, and the downstream demand is limited. While there are reports of new blending standards being introduced this year, past incidents of illegal blending have made the market hesitant. Even with official standards in place, the overall impact on sales may be limited.
Additionally, the development of new application areas for dimethyl ether has not met expectations. Issues such as overcapacity, pressure transfer, and lack of clear regulations continue to weigh on the industry, contributing to its ongoing downturn.
With the current supply-demand imbalance and the expected decline in methanol and liquefied gas prices, the cost support for dimethyl ether is likely to remain weak. As a result, the bearish outlook for the market is expected to persist, and a short-term reversal seems unlikely. Prices are anticipated to continue falling in the near future.
LED Wall Washer Light offered by us are widely acknowledged for their high performance, sturdy design, resistance to corrosion, rust and abrasion, low power consumption and reliability.
LED wall washer light is made under the supervision of our proficient professionals using top quality raw material and modern technology in compliance with the set industry standards.
Our quality controllers test the offered wall washer lights on stringent parameters to ensure their flawlessness.
Wall washer light,LED Wall washer,Foldable wall lights
SHENGYA LIGHTING TECHNOLOGY CO., LTD. , https://www.syalighting.com