① ICE Brent crude futures for the December contract closed at $100.20/bbl, down $0.38/bbl (-0.38% week-over-week).
② The methanol market in Henan rose, with enterprises executing orders and shipping products.
Table 1: Summary of Domestic DME Prices (Unit: CNY/ton)
| Market | Previous Period | Current Period | Change | % Change |
|---|---|---|---|---|
| Shandong | 5200 | 5800 | 600 | 11.54% |
| Henan | 5300 | 5700 | 400 | 7.55% |
| Southwest | 5200 | 5200 | 0 | 0.00% |
| Northwest | 5200 | 5600 | 400 | 7.69% |
Using the Henan region as the benchmark, DME closed today at 5,700 CNY/ton, a week-over-week increase of +7.55%. The DME market operated strongly today. Driven by cost pressures, product prices were raised in Shandong, Jiangxi, and Henan. After the price hikes, factory shipments proceeded smoothly. Downstream users mostly maintained rigid demand procurement, while trading inquiries were active, with bullish sentiment prevailing regarding the future market. Chempricehub forecasts that the DME market will consolidate with a strong bias in the short term.
Today, domestic methanol trading activity was initially strong but later weakened. Against the backdrop of continuously tightening port inventories, periodic squeeze conditions caused significant fluctuations in port basis strength, leading to a rapid weakening of the intraday basis, though downstream rigid demand continued to follow through. The afternoon atmosphere in inland markets also showed signs of slight softening, with some downstream buyers engaging in pre-holiday stockpiling purchases at repeatedly lowered prices. In the short term, upstream low inventory levels persist, and the tug-of-war between upstream presales and downstream stockpiling ahead of holidays continues. The market is expected to consolidate within a narrow range in the short term. Additionally, attention should remain on occasional outflows of overseas cargoes and fluctuations in port basis.
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