① ICE Brent crude futures (November contract) closed at $104.82/barrel, down $1.01/barrel (-0.95% week-on-week).
② The methanol market in Henan rose, with enterprises shipping out against existing orders.
Table 1: Summary of Domestic Dimethyl Ether (DME) Prices (Unit: CNY/ton)
| Region | Previous Period | Current Period | Change | % Change |
|---|---|---|---|---|
| Shandong | 4,900 | 4,900 | 0 | 0.00% |
| Henan | 4,800 | 4,800 | 0 | 0.00% |
| Southwest China | 4,600 | 4,600 | 0 | 0.00% |
| Northwest China | 4,600 | 4,600 | 0 | 0.00% |
Taking the Henan region as the benchmark, DME prices closed at 4,800 CNY/ton today, remaining flat compared to the previous period. The DME market operated steadily today. On the cost side, methanol prices fluctuated with a bullish bias, supporting stable DME pricing. Plant operating rates remained low, with factories primarily focusing on clearing inventory. Transactions were mainly driven by rigid demand. Chempricehub forecasts that the DME market will maintain a slightly strong consolidation trend in the short term.
Methanol: The domestic methanol market continued to exhibit regional divergence today. Futures prices weakened, causing transaction centers in coastal areas to adjust slightly downward, with increased selling pressure and a slight weakening of basis values. Market participants are closely monitoring signals from upcoming high-level international talks. In inland markets, upstream spot supply remains relatively tight. Combined with pre-holiday stockpiling, spot prices in production regions have held firm. However, due to expectations of gradual supply recovery in inland areas towards the end of the month, some downstream users in northern Shandong suspended external procurement, while others took advantage of the situation to negotiate lower prices. In the short term, aside from macroeconomic influences, inland markets may lead the adjustment phase due to increasing supply volumes and rising freight costs.
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