DME (Dimethoxyethane) Price Trend and Forecast

Regional Price Overview

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

Dimethoxyethane (DME) Price Trend for the Second Half of 2023

Dimethoxyethane (DME) acts as a crucial solvent and chemical intermediate in the industrial sector, which in turn is the primary driver of the market. The market demand is also influenced by its extensive application in polymer synthesis, electronics, and pharmaceuticals.

Dimethoxyethane (DME) Price Chart

DME (Dimethoxyethane) Price Trends


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The need for DME is driven by factors including improvements in electronic manufacturing processes and pharmaceutical compositions. Further, DME's market dynamics are further influenced by the rising awareness about emphasizing sustainability and environmental consciousness in industrial processes and the rising demand for eco-friendly solvents.

During the third quarter of 2023, the Asian dimethoxyethane (DME) prices demonstrated varied pricing patterns, majorly due to the oscillations in its feedstock prices. The demand for chemicals also fluctuated in Asian countries, particularly in China and India, due to economic constraints and slowed down the momentum of the industrial sector. However, in the later months of this quarter and throughout the fourth quarter, the dimethoxyethane (DME) increased.

This overturn in the market activities was based on the rising cost of naphtha, disruption in supply chains and rising rates of procurement from the downstream industries. In Q4 of 2023, the market also demonstrated a surge in the cost of crude oil and natural gas, which raised the bar of production prices and, in turn, the pricing trajectory of dimethoxyethane (DME).

Analyst Insight

According to Procurement Resource, the price trend of Dimethoxyethane (DME) is expected to incline with the rise in the usage of environmentally friendly solvent systems and gradual improvements in the demand rates of downstream industries.

DME (Dimethoxyethane) Price Trend for the First Half of 2023

DME (Dimethoxyethane) prices are driven by the downstream demands from the solvent industries and the supply dynamics. In the first half of 2023, the DME (Dimethoxyethane) market sentiments were observed to be dull throughout, primarily because of reduced demand.

In the Chinese domestic DME market, the spot prices went from around 673 USD/MT in January’23 to about 545 USD/MT in June’23, with an approximate decline of about 19%. Bearish demands led to such feeble market sentiments.

Substantial reduction in DME feedstock prices because of reduced crude oil prices, especially when China already had access to discounted Russian oil, despite the ongoing Russia – Ukraine conflict, also contributed to reduced prices. Overall, weak market sentiments were observed.

Analyst Insight

According to Procurement Resource, the price trend for DME (Dimethoxyethane) are expected to behave in a similar manner since the overflowing inventories owing to high supply continue to affect the DME market fundamentals.

Procurement Resource provides latest prices of DME (Dimethoxyethane). 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.

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About

DME (Dimethoxyethane) is a chemical compound which is basically known for its sharp odour. It is less dense than water. It has a flash point of about 34°F. Its vapours are heavier than air. It is mostly utilised to make other chemicals. Moreover, it plays a role as a non-polar solvent. It is extracted from ethylene glycol.

Product Details

Report Features Details
Product Name DME
Industrial Uses Processing Aids, Batteries, Solvents, Others
Chemical Formula C4H10O2
Synonyms 110-71-4, 1,2-Dimethoxyethane, Monoglyme, Ethylene glycol dimethyl ether, Glyme
Molecular Weight 90.12 g/mol
Supplier Database Acros Organics, Charkit Chemical Company LLC, Ascender Chemical Co.,Ltd.
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


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Production Process

  • Production of DME via Wurtz Reaction

DME or Dimethoxyethane is produced from the Wurtz reaction. In this process, chloromethyl methyl ether is utilised in the presence of sodium to finally produce DME.

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).

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