According to the monitoring of the Business News Agency, the domestic methanol market fluctuated at a low level. From January 28 to February 6 (as of 15:00 p.m.), the average price of the eastern China port in the domestic methanol market fell from 2807 yuan/ton to 2717 yuan/ton. During the period, the price fell by 3.22%, with a month-on-month increase of 1.39% and a year-on-year increase of 1.29%. After the Lunar New Year, the traditional downstream has not yet recovered. At the same time, some production enterprises have the demand for inventory scheduling. The spot gas purchase is general, and the price of methanol has declined in a narrow range.
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As of the close on February 6, methanol futures of Zhengzhou Commodity Exchange rose. The main methanol futures contract 2305 opened at 2678 yuan/ton, the highest price was 2698 yuan/ton, the lowest price was 2651 yuan/ton, and closed at 2677 yuan/ton, up 5% or 0.19% from the previous trading day. The trading volume was 1180316, the position was 1260724, and the daily increase was 1260724.
Summary of methanol market prices in various regions as of 2.6:
Region/ Price
Shanxi Province/ 2450-2480 yuan/ton ex-factory
Liaoning region/ About 2600 yuan/ton
Anhui Province/ About 2660-2700 yuan/ton
Henan Province/ 2580-2600 yuan/ton
On the cost side, with the end of the holiday, some coal mines began to resume work and production, and the output rose slightly. The terminal power plants were in a weak purchasing mood under the support of long-term cooperation coal. The non-electric terminal raw coal was consumed during the holiday, and the demand for replenishment in the near future was released slightly. In the short term, the power coal price is mainly stable. The temporary storage of methanol cost is good.
On the demand side, MTBE and dimethyl ether have little change; Downstream acetic acid: Sinopec Great Wall unit restarted and the demand for acetic acid increased; Downstream formaldehyde: the demand for formaldehyde may increase as many sets of units are expected to increase and restart. The temporary storage of methanol is favorable.
On the supply side, methanol supply side is negative.
In the external market, as of the close of February 3, the closing price of CFR Southeast Asia methanol market was 391.00-393.00 US dollars/ton. The closing price of the US Gulf methanol market was 108-110 cents/gallon, down 1 cents/gallon; FOB Rotterdam methanol market closed at 337.00-339.00 euros/ton, down 3 euros/ton.
Region/ Country/ Closing price/ Up and down
Asia/ CFR Southeast Asia/ 391.00-393.00 USD/ton./0 USD/ton
Europe and America/ US Gulf/ 108-110 cents/gallon/- 1 minute/gallon
Europe/ FOB Rotterdam/ 337.00-339.00 euro/ton./- 3 euro/ton
Future market forecast shows that the supply is abundant and the demand side has little change. The methanol analyst of the Business Society predicted that the domestic methanol market was dominated by narrow consolidation.
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