Domestic DME markets in China had a pattern of first growing and then decreasing. On March 6 2022, average DME prices in Henan were 4,096.67 RMB/MT, while they were 4,330 RMB/MT on March 13, an increase of 5.70% over the previous week and 14.35% over February 1. The market price of the raw material methanol stabilised, while the price of liquefied gas in the civil market began to decrease, providing the market with some assistance. Additionally, terminal demand was weak, downstream enthusiasm for entry was restricted, the methyl ether market was unable to continue rising, and the price fell significantly, which primarily spurred downstream entry. Shandong and Hebei provinces also saw a dip.
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.
Procurement Resource provides prices of DME for several regions around the globe, which are as follows:
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.
Chemical Formula of DME:
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.
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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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