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 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 trends 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 trends 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 trends, overall, trends 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.