The domestic methanol market has been consolidated in a narrow range. According to the price monitoring of the business agency, the domestic methanol market price was 1640 yuan / ton at the beginning of the week and 1632 yuan / ton at the weekend, with a decrease of 0.46% during the week, a month on month decrease of 0.61% over the same period of last month, and a decrease of 21.89% over the same period of last year.
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This week, the domestic methanol consolidation was narrow, the price fluctuation was not big, most downstream enterprises purchased on demand; the traditional downstream demand recovered slowly, environmental protection inspection affected the closure of some formaldehyde plants in Shandong, and the increment of methanol demand was limited.
In terms of industrial chain, formaldehyde: the market price of formaldehyde in East China remained stable, and the mainstream quotation of local enterprises was 920 yuan / ton. In recent years, the formaldehyde Market in East China is mainly stable, and the upstream methanol support is limited, showing a narrow downward trend. Downstream demand is general, formaldehyde prices are expected to fall mainly later.
Acetic acid: according to the monitoring of the bulk data of business agency, affected by the oversupply of market, the domestic acetic acid market continued to decline this week. As of August 7, the average price of acetic acid in East China was about 2516 yuan / ton, which was 3.82% lower than that of 2616 yuan / ton on August 3 at the beginning of the month. At present, there are 2400-2500 yuan / ton in Shandong, 2400-2500 yuan / ton in Jiangsu, 2550-2600 yuan / ton in Zhejiang, 2250 yuan / ton in Henan, 2550-2600 yuan / ton in Hebei and 2170 yuan / ton in Northwest China.
DME: in the first week of August, the strong situation of DME market completely disappeared, and it entered the downward channel again. According to the data monitoring of business agency, the average price of dimethyl ether in Henan market on August 1 was 2366.67 yuan / ton, and that on August 7 was 2243.33 yuan / ton, down 5.21% on the 7th, up 2.28% from July 1.
On the whole, methanol operating rate is still expected to rise in the later period, and the pressure on the supply side is not reduced. However, the methanol price has been at a low level, and the cost of methanol enterprises has been in a state of loss. The support from the cost side is obvious. Methanol analysts from the business community expect that the methanol market will continue to adjust in a narrow range next week.
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