Dimethyl Ether price October 2024 and outlook (see chart below)
- North America:US$1.2/KG, -4% down
- Europe:US$1.39/KG, -3.5% down
- Northeast Asia:US$0.52/KG, -1.9% down
Business Analytiq assumes no responsibility or liability for any errors or omissions in the content of this site. The information contained in this site is provided on an “as is” basis with no guarantees of completeness, accuracy, usefulness, or timeliness.
Dimethyl Ether price index
This post is a summary of the Dimethyl ether price developments. The price developments ofDimethyl ether are expressed in US$ prices converted FX rates applicable at the time when the price was valid. Dimethyl ether price index developments are calculated from multiple separate sources of data to ensure statistical accuracy.
The outlook for Dimethyl ether prices, on the second tab, is generated from different inputs including:
- Very recent price developments of immediate cost drivers of Dimethyl ether prices
- Recent price developments of underlying feedstocks which drive the price of Dimethyl ether
- Market futures for both cost drives and feedstocks of Dimethyl ether prices
- Adjustment of current supply/demand imbalances in the Dimethyl ether market
- Longer term trends in likely demand conditions
Further information on the Dimethyl Ether price index
Here is some further information
What is Dimethyl ether
Dimethyl ether (DME) is a chemical compound with the formula CH3OCH3. It is a colorless, flammable gas that is often used as a fuel or solvent. DME is a clean-burning, low-carbon alternative to fossil fuels such as gasoline, diesel, and natural gas, and it has a high octane number, which makes it suitable for use in internal combustion engines.
DME can be produced from a variety of feedstocks, including natural gas, coal, and biomass. It can also be produced from methanol, which is itself produced from natural gas, coal, or biomass. DME has a number of attractive properties, including low toxicity, low volatility, and a high cetane number, which makes it an efficient fuel for diesel engines.
In addition to its use as a fuel, DME is also used as a solvent in a variety of applications, including the production of pharmaceuticals and personal care products. It is also used as a refrigerant in refrigeration systems, and as a blowing agent in the production of foams.
How is Dimethyl ether produced
There are several ways to produce Dimethyl ether (DME), including:
From natural gas
DME can be produced from natural gas through a process called steam methane reforming (SMR). In this process, natural gas is combined with steam and exposed to high temperatures and pressures in the presence of a catalyst. This reaction produces a mixture of hydrogen and carbon monoxide, which is then converted to DME through a process called gas-shift.
From coal
DME can also be produced from coal through a process called coal gasification. In this process, coal is exposed to high temperatures and pressures in the presence of oxygen, steam, and a catalyst. This reaction produces a mixture of hydrogen, carbon monoxide, and other gases, which can then be converted to DME through a process similar to the one used in the production of DME from natural gas.
From biomass
DME can also be produced from biomass, such as wood, straw, or agricultural waste, through a process called pyrolysis. In this process, the biomass is exposed to high temperatures in the absence of oxygen, producing a mixture of gases and liquids, including DME.
From methanol
DME can also be produced from methanol through a process called dehydration. In this process, methanol is exposed to high temperatures and pressures in the presence of a catalyst, which causes the water molecules in the methanol to be removed, producing DME.
Regardless of the feedstock used, the production of DME typically involves several steps, including the conversion of the feedstock to a synthesis gas (a mixture of hydrogen and carbon monoxide), the conversion of the synthesis gas to DME through a process called gas-shift, and the purification and separation of the DME from other gases.
What is DME used for
Dimethyl ether (DME) is a versatile chemical compound that has a number of uses, including:
Fuel
DME is a clean-burning, low-carbon alternative to fossil fuels such as gasoline, diesel, and natural gas, and it has a high octane number, which makes it suitable for use in internal combustion engines. It is often used as a fuel for vehicles, such as buses, trucks, and forklifts, and it can also be used as a replacement for liquefied petroleum gas (LPG) in residential and commercial applications.
Solvent
DME is used as a solvent in a variety of applications, including the production of pharmaceuticals and personal care products. It is also used as a solvent in the production of resins, plastics, and other chemicals.
Refrigerant
DME is used as a refrigerant in refrigeration systems, and it has a number of attractive properties for this use, including low toxicity, low volatility, and a high refrigeration capacity.
Blowing agent
DME is used as a blowing agent in the production of foams, such as polyurethane foam, due to its ability to produce high-quality foams with low density and good insulation properties.
Aerosol propellant
DME is used as an aerosol propellant in a variety of products, including hairsprays, deodorants, and other personal care products. It is also used as a blowing agent in the production of expanded polystyrene (EPS) foam and other foamed plastics.
Further reading
- Wikipedia for general, history, production and usage information
- PubChem for chemistry and property information
Market and trade information on DME
The global Dimethyl ether (DME) market is a significant and growing industry. According to data from the International Energy Agency (IEA), global DME production was estimated to be around 20 million metric tons in 2020. The majority of global DME production is used as a fuel, particularly in China, where it is used as a replacement for coal in power generation and as a transportation fuel.
DME is also used in a variety of other applications, including as a solvent, refrigerant, blowing agent, and aerosol propellant. The demand for DME is expected to continue to grow in the coming years, driven by factors such as increasing concerns about air pollution and greenhouse gas emissions, the growing demand for clean-burning fuels, and the increasing use of DME in emerging economies.
According to https://oec.world/ :
Aromatic ethers, derivatives are the world’s 2049th most traded product.
In 2020, the top exporters of Aromatic ethers, derivatives were China ($324M), Germany ($270M), India ($91.1M), Japan ($61.7M), and Spain ($21.4M).
In 2020, the top importers of Aromatic ethers, derivatives were Chinese Taipei ($153M), China ($125M), United States ($87M), South Korea ($78.6M), and Japan ($57.6M).
NEED A QUICK DOWNLOAD?
ACCESS TO OUR FULL DATABASE IS US$399/YEAR, WITH A 30-DAY $30 TRIAL
GET THAT DOWNLOAD IN 3 MINUTES!
BusinessAnalytiq provides a database of hundreds of market & price trend data, as well as online tools to set up benchmarks and leading indicators.
Where does the data come from?
- The source of the data are exclusively public non-confidential sources. We have no access to primary data
- This the index trend of the price trend of the "product category" in general, and not a single specification of the product in particular
- The data is a combination of contract and spot pricing
- Our algorithms are set up to eliminate significant product mix impact on the reported price
- We combine public publications, import/export records, trading prices, company announcements, magazine articles, tweets, and other sources of ad-hoc public information.
- The chart shows the our best approximation of the market trend based on our algorithm interpretation of the signals
- For most indexes we have multiple sources and we focus on using statistically-correlated sources
- As a function of our automation, it is likely that recent trends will be adjusted as we discover more information. So, for example, the price trend for February 2024 will be first calculated in February 2024 and adjusted in March, April and May 2024.
- We will update the data trend as more information becomes available, and this means that recent trends will always be adjusted as we get more data available
- The algorithm will regularly revise our understanding of market trends, and indicated market trends may change
- The data is presented in US$. The UOM of measure is shown in the Index list table
- Our automated software and we do our best to create an accurate representation of the trend
Where does the data NOT come from?
- We do not purchase data from any other source and republish it.
- We will not purchase data from any other source and republish it
- We do not extrapolate trends, even for the forecast. We look for other market signals and leading indicators
What data should our company use?
- If you are making decisions driving significant share of profit, we always recommend that you buy data from the companies who invest in direct primary market access such as ICIS, amongst many others
- Our data, at best, represents an estimate of the market trend based on public information
- We have no direct access to the market, and we do not interview suppliers and customers
- Our automated analysis tools in the online software are set up to combine our data with other sources of data
- We do not recommend that you use our data for direct price mechanisms, as we may change and improve the data trends over time, including historical data
What does the quality indication in the main menu mean?
- Quality level A: Data is from a reliable and confirmed source
- Quality level B: Data is from multiple credible sources and there are no major statistical inconsistencies between them
- Quality level C: Data is from multiple credible sources and there are some statistical inconsistencies between them
- Quality level D: Data is from a single credible source, but we cannot verify the data
- Quality level E: Data is either:
- From a single source, which we consider reliable, but we cannot verify the data.
- From 2 or more sources which have some periods of contradicting trends.
- Quality level F: Data is from a single source which we consider indicatively correct, but the data is anecdotal and we cannot verify the data.
What are the disclaimers?
- We assume no responsibility or liability for any errors or omissions in the content of this site.
- The information is provided on an “as is” basis with no guarantee of completeness, accuracy, usefulness, fitness for purpose or timeliness.
- By their nature, outlooks are always uncertain
How often do we update the data?
- We aim to update the data series on the 9th and 24th of each month (but we do not always make it for each chart)
- The data for the current month and recent history are fine-tuned over time.
What are we doing to improve the data?
- We are continually improving our data collection and processing methods
- Pricing data will be updated from time to time as we improve the accuracy
- We are reviewing all data sources in the first half of 2024.
- There will be continuous fine-tuning of the trend and forecast algorithm as part of that.
- The key focus in 2024 is to add many additional indexes
How can i give feedback on the data or request for new indexes
- Feel free to contact us if you have a specific request. You can reach us via the Contact us page