Overview of the national dimethyl ether market in March

2009-04-03View Original

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Overview of the National Dimethyl Ether Market in March, Shanghai Yimao, 2009-4-3. In March, the attitude toward supply on the downstream side improved compared to February, and the operating rate increased significantly. As of March 30, the average domestic price of dimethyl ether rose to 2,991 yuan per ton, driven up by methanol prices, an increase of 2.9% compared to February 26 ； The average operating rate of the 22 major domestic dimethyl ether producers rebounded to 29.4%, up 12.5% from February 26. Supply recovery: From March 1 to March 30, the production of dimethyl ether was 107,000 tons, a significant increase of 64.6% compared to February. In March, some dimethyl ether manufacturers actively sought methanol from external markets, which helped restore the supply of raw materials. Coupled with stable demand for liquefied gas and appropriate replenishments from downstream industries, many companies restarted their production facilities, resulting in an increase in operating rates. Rising prices: Although demand has not shown a significant recovery, methanol prices rose by 150–180 yuan per ton this month, reaching 1930–2100 yuan per ton. The costs for dimethyl ether producers continue to increase, which supports higher transaction prices ； However, in March the price gap between liquefied gas and dimethyl ether was minimal, leaving little room for an increase in dimethyl ether prices. It is expected that in April, under the pressure from both upstream and downstream factors, it will be difficult for the supply and demand of dimethyl ether to recover. 1. Stable supply: Affected by the ongoing rise in domestic methanol prices, some dimethyl ether manufacturers shut down their production facilities by the end of March. Additionally, it is currently difficult to secure orders, both from overseas markets and domestically; therefore, the recovery of supply will still depend on market demand for liquefied gas, and this recovery is proceeding at a slow pace. 2. Weak recovery in demand: In April, imported supplies in the liquefied gas market continued to pose a threat to domestic gas; low prices prevented arbitrage opportunities between dimethyl ether and other products, thereby suppressing consumer demand ； Overall progress in the resumption of imported goods upon arrival and domestic supply.

Reply #22009-04-03

4.3 Domestic Prices of Major Methanol Producers – Yuanfeng Information, 2009-4-3
Producer | 4.2 Price (yuan/ton) | 4.3 Price (yuan/ton) | Price Change | Remarks
Zhonglong Coal Chemical: 1900 | 2000 | ↑100 | Manufacturer’s ex-factory price
Daqing Oilfield: 2200 | 2400 | ↑200 | Limited for export
Haolianghe Fertilizer: —— | Shut down
Inner Mongolia Sulige: —— | Shut down
Hebei Zhengyuan: 2050–2050 | 2080–2080 | ↑30 | Manufacturer’s quote
Hebei Jiantao: 2000 | 2000 | —— | Manufacturer’s quote
Shanxi Fengxi Group: 1900 | 1900 | → | Manufacturer’s quote
Shanxi Yuanping: —— | Shut down
Xinjiang Tuhua: —— | Shut down
Xinjiang Karamay: —— | Shut down
Shaanxi Yutianhua: 1700 | 1700 | → | Manufacturer’s quote
Shaanxi Shenmu: 1700 | 1700 | → | Manufacturer’s quote
Shaanxi Weihua: —— | Shut down
Changqing Oilfield: 1700 | 1700 | → | Lower price for train transport, higher price for road transport
Golmud Methanol Plant: 1350–1480 | 1350–1480 | → | Price announced by manufacturer
Sichuan Wei: —— | Shut down
Sichuan Jiangyou: —— | Shut down
Sichuan Lutianhua: 2000–2050 | 2000–2050 | → | Manufacturer’s ex-factory price
Yunnan Yunwei: 2150 | 2150 | → | Local ex-factory price set by manufacturer
Henan Lan Tian Group: —— | Shut down
Yongmei Group Longyu Coal Chemical: 2050–2100 | 2080–2100 | ↑30 | Manufacturer’s ex-factory price
Henan Xinlianxin: 2000 | 2000 | → | Manufacturer’s ex-factory price
Henan Yima: 1900 | 1950 | ↑50 | Manufacturer’s ex-factory price
Shanghai Coking: 2050–2100 | 2050–2100 | → | Price per contract for March
Anhui Linquan: 2000–2020 | 2000–2020 | → | Actual transaction price
Shandong Luxi Chemical: 2000–2050 | 2000–2050 | → | Manufacturer’s quote
Shandong Shouguang Alliance: 2050 | 2100 | ↑50 | Manufacturer’s quote
Shandong Yankuang Group: 2050 | 2050 | → | Actual transaction price

Reply #32009-04-03

4.3 Domestic Methanol Prices by Major Region – Yuanfeng Information, 2009-4-3
Region | Price on 4.2 (yuan/ton) | Price on 4.3 (yuan/ton) | Change
East China | 2050–2100 | 2100–2150 | ↑50
South China | 2100–2150 | 2100–2150 | →
Central China | 1880–2100 | 1880–2100 | →
North China | 1500–1960 | 1500–1960 | →
Northeast China | 1850–2100 | 1900–2100 | ↑50
Southwest China | 1850–2050 | 1850–2050 | →
Northwest China | 1380–1800 | 1380–1800 | →
Hebei Province | 1800–1960 | 1800–1960 | →
Shandong Province | 1960–2000 | 1960–2020 | ↑20
Henan Province | 1880–2000 | 1880–2000→

Reply #42009-04-03

International Crude Oil Prices and Analysis – Yimao Chemical Network, April 3, 2009. Crude oil futures prices on the New York Mercantile Exchange (NYMEX) closed at record highs on Thursday. The G20 summit reached an agreement on measures to restore global economic growth; global stock markets continued to rise. Crude oil futures in Europe and the United States crossed $50 per barrel by the end of trading in Asian markets, and later surpassed $52 per barrel during trading in London, closing with a surge of nearly 9%. . The May contract for crude oil on the NYMEX in New York closed at $52.64 per barrel, up $4.25 or 8.78%, with trading ranges between $48.45 and $52.87. The May contract for London Brent crude closed at $52.75 per barrel, up $4.31 or 8.9%, with trading ranges between $48.59 and $53.06. Fundamentally speaking, there are no factors that drive up oil prices. U.S. crude oil inventories are at their highest level since July 1993; in terms of relative inventories, they are sufficient to cover 25.4 days of demand, which is 3.2 days more than the same period last year. Despite an increase in gasoline inventory, it was 2.9% lower than the same period last year, while demand remained almost unchanged from the previous year. The relative inventory level was lower than that of the same period last year, which offset the demand by 0.5 days, resulting in a figure that was 0.5 days lower than in the same period last year. U.S. distillate oil inventories are one-third higher than they were during the same period last year, while demand is nearly 10% lower, enough to cover 38.2 days of demand – 12 days more than in the same period last year. Continuing increases in U.S. crude oil inventories caused Brent crude oil futures to close above West Texas Light crude oil for the second consecutive trading day. At the same time, the price gap between light crude oil and medium or heavy crude oil narrowed again. On Thursday, the closing price of light crude oil on the New York Mercantile Exchange was only 39 cents higher than that of medium crude oil from the Middle East. From a technical chart perspective, in the electronic trading after market close on Thursday for New York crude oil’s May futures, the K value crossed above the D value; if there are no impacts from news or fundamental factors, this should be a signal of an upward trend. However, given that the International Monetary Fund and other international institutions are continuously lowering their forecasts for world economic development in 2009, Nobuo Tanaka of the International Energy Agency said that a downward revision to oil demand forecasts cannot be ruled out either. The global economic crisis caused oil prices to drop rapidly from over $140 per barrel last July to around $40, while the joint global efforts to revive the economy have undoubtedly injected momentum into both the stock market and the oil market. The G20 London Summit was held on April 2, and an agreement was reached to provide $1.1 trillion in funding to restore credit, economic growth, and employment. Together with the measures already taken by various countries, this constitutes a global economic recovery plan of unprecedented scale. The conference communique states that we are implementing an unprecedentedly large-scale, globally coordinated fiscal expansion, with the scale of this effort reaching 5 trillion dollars by the end of next year; this will boost output by 4% and accelerate the world economy’s transition to a green economy. We are committed to providing sustained fiscal stimulus to restore growth. On the economic front, a series of positive news items on Thursday supported the stock market and oil markets. The U.S. Department of Commerce reported an increase in factory orders in February, the first time this has happened in seven months. The change in Bank of America’s accounting standards is seen as something that can support the financially unstable industry in the short term. Coupled with the G20 agreement to jointly stabilize the markets, global stock markets surged. During the Asian trading session, the Hang Seng Index surged by 1,002 points, an increase of 7.4% ； The Nikkei index rose by 4% ； Malaysian stock market near two-month high ； The Indonesian stock market is near a 6-month high ； The pan-European blue-chip index FTSEurofirst 300 closed up 4.9% ； The Dow Jones Industrial Average rose 2.8% ； The S&P 500 index and the Nasdaq index rose by 2.9% and 3.3%, respectively. OPEC’s shipping volume dropped to its lowest level since May 2003. Data released by the UK-based shipping consultancy Oil Movements suggests that the 10 OPEC member countries, excluding Ecuador and Angola, exported an average of 22.15 million barrels of oil per day over the four weeks ending April 18, a decrease of 960,000 barrels compared to the previous four weeks. Among them, OPEC’s member countries in the Middle East saw their average daily shipping volume drop to 15.96 million barrels, a decrease of 730,000 barrels compared to the previous four weeks. Mason, head of the shipping consulting firm, said OPEC has achieved an 80% compliance rate with production cuts, and these cuts may increase as demand declines seasonally in the second quarter. Due to a sharp reduction in supplies from Saudi Arabia, shipping volumes heading west have been significantly affected. Most OPEC members believe that oil prices must be maintained between $60 and $90 to cover costs and expand production capacity. However, OPEC Secretary-General Baderi told reporters on Thursday, on the sidelines of an oil conference, that world economic conditions are very poor, and we can maintain the price at $50 per barrel for some time. Lower oil costs are beneficial for consumption. In response to Badri’s views, Qatar’s Oil Minister Attiya said that a price level of around $50 is appropriate given the current economic conditions, and we must be pragmatic. NYMEX May RBOB gasoline futures RBQ8 rose by 9.81 cents, or 7.15%, to $1.4698 per gallon. Heating oil futures HOQ8 closed higher by 9.33 cents, or 6.93%, at $1.4391 per gallon in May.

Reply #52009-04-13

Does anyone know the factory prices of dimethyl ether at Yunnan Jiehua, Guizhou Yihua, and Chongqing?

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Overview of the national dimethyl ether market in March

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