Dimethyl Ether (DME) Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Dimethyl Ether (DME) in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Dimethyl Ether (DME) Price Trend for the Second Half of 2023

Asia

During the early stages of the H2 of 2023, there was a notable increase in the cost of raw materials like sulphuric acid and various other chemicals in the Indian market. However, as the quarters progressed, an oversupply situation emerged, forcing the traders to destock their inventories and offer huge discounts on bulk purchases.

Dimethyl Ether (DME) Price Chart

Dimethyl Ether (DME) Price Trends and Forecast

Please Login or Subscribe to Access the Dimethyl Ether (DME) Price Chart Data
 

The initially supportive higher prices of sulphuric acid also started to oscillate in the latter half of the fourth quarter, resulting in the southward journey of dimethyl ether prices and reduced industrial activities.

Europe

Initially, the escalating cost of feedstock materials seemed to work in favor of the dimethyl ether market and was able to push dimethyl ether prices upward in Europe. However, disruptions in the supply chain and a contraction in consumer spending soon disrupted this trend. The fertilizers sector, facing adverse climate conditions and sudden heavy rainfall, also felt the impact of existing tensions, further affecting the dimethyl ether market.

North America

In the United States, dimethyl ether prices witnessed a decline in the final month of the fourth quarter after oscillating through a major part of the third and fourth quarters. This drop was attributed to weak demand from downstream sectors like textiles and agrochemicals, coupled with oversupply in the domestic market. Additionally, the decrease in the cost of feedstock materials added to manufacturers' concerns. Therefore, amid dire market conditions, the traders adopted a cautious stance as economic and demand recovery appeared distant.

Analyst Insight

According to Procurement Resource, the price trend of Dimethyl ether is estimated to oscillate in a narrow range in the upcoming quarters as the uncertain demand and fluctuating cost of feedstock materials will drive the market.

Dimethyl Ether (DME) Price Trend for the First Half of 2023

Asia

Dimethyl Ether (DME) prices fluctuated throughout the first half of 2023 in the Asian markets. DME prices primarily varied with the price oscillations in the feedstock methanol market and downstream demands from the aerosol and solvent industries. The prices rose steadily at the beginning of Q1, given the active buying sentiment due to the lunar new year holidays.

However, the prices declined towards the end of Q1, as the factories started churning products after opening. Some incline was seen in the initial months of Q2, given the momentary rise in demands. Soon, the dimethyl ether prices declined as the market supply overtook the demand dynamics leading to the saturation of the market.

Europe

European Dimethyl Ether (DME) markets, too, witnessed wavering price trend in H1’23. The price inclination was very narrow, which kept the Dimethyl Ether (DME) prices anchored in the market. The primary reason for slow growth was a decline in the upstream costs and lowered energy and freight costs. However, at the end of quarter two, the price trend for Dimethyl Ether (DME) declined as the downstream demands plunged in the European markets.

North America

The North American Dimethyl Ether (DME) market mimicked the pricing patterns as seen in its Asian counterpart. The DME prices fluctuated throughout the said period. Upstream costs were supported by stable energy and transportation costs. Although variations in the feedstock prices influenced the trend, overall, trend inclined at the beginning and declined at the end of each quarter as per downstream demands.

Analyst Insight

According to the Procurement Resource, Dimethyl Ether (DME) prices will likely remain oscillating in the coming months, given the erratic downstream demands and fluctuating feedstock prices.

Procurement Resource provides latest prices of Dimethyl Ether (DME). Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

Please Login or Subscribe to explore our dashboard.

About

Dimethyl Ether (DME) or methyl ether is the simplest aliphatic ether. It is a colourless gas that has a subtle, ethereal odour. It easily burns and is a volatile poisonous liquid compound with application as a fuel, solvent, propellant, aerosol, and refrigerant.

Product Details

Report Features Details
Product Name Dimethyl Ether (DME)
Industrial Uses Used to make small molecules like acetic acid or dimethyl sulfate, as a refrigerant to substitute chlorofluorocarbons, as a spray-can propellant, as a clean burning fuel, as a solvent, aerosol.
Chemical Formula C2H6O/CH3OCH3
CAS Number 115-10-6
Synonyms DIMETHYL ETHER, Methoxymethane, Methyl ether, Dimethyl oxide, Oxybismethane etc.
HS Code 29093090
Molecular Weight 46.07 g/mol
Supplier Database Topsoe A/S, Mitsubishi Corporation, Royal Dutch Shell Plc, Korea Gas Corporation, Nouryon etc.
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery


Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Production Processes

In the catalytic reactor, syngas undergoes a two-step process. First, it is converted into methanol (CH3OH) using a catalyst like copper-zinc oxide-aluminum oxide. Then, methanol is dehydrated to form dimethyl ether (CH3OCH3) using a catalyst like alumina or zeolite.

Methodology

The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

Assistance from Experts

Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.

Client's Satisfaction

Procurement Resource has made a mark for itself in terms of its rigorous assistance to its clientele. Our experienced panel of experts leave no stone unturned in ensuring the expertise at every step of our clients' strategic procurement journey. Our prompt assistance, prudential analysis, and pragmatic tactics considering the best procurement move for industries are all that sets us apart. We at Procurement Resource value our clients, which our clients vouch for.

Assured Quality

Expertise, judiciousness, and expedience are the crucial aspects of our modus operandi at Procurement Resource. Quality is non-negotiable, and we don't compromise on that. Our best-in-class solutions, elaborative consulting substantiated by exhaustive evaluation, and fool-proof reports have led us to come this far, making us the ‘numero uno' in the domain of procurement. Be it exclusive qualitative research or assiduous quantitative research methodologies, our high quality of work is what our clients swear by.

Table Of Contents

Our Clients

client-image

Get in Touch With Us

flag
UNITED STATES

Phone:+1 307 363 1045

flag
INDIA

Phone: +91 1203185500

flag
UNITED KINGDOM

Phone: +44 7537 132103

Email: sales@procurementresource.com

NEWSLETTER

Get latest News About Procurement Resource
Subscribe for news

This site uses cookies (including third-party cookies) to record user’s preferences. See our Privacy PolicyFor more.