The domestic methanol market fluctuated and sorted out

According to the monitoring of the Business News Agency, the domestic methanol market fluctuated and sorted out. From February 3 to 10 (as of 15:00 p.m.), the average price of the domestic methanol market at the East China port fell from 2704 yuan/ton to 2685 yuan/ton. During the period, the price fell by 0.69%, rose by 0.97% month-on-month and fell by 2.16% year-on-year. The cost of coal fell, the downstream demand recovered slowly, and the methanol price fluctuated.

 

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As of the close of February 13, methanol futures of Zhengzhou Commodity Exchange fell. The main methanol futures contract 2305 opened at 2610 yuan/ton, the highest price was 2610 yuan/ton, the lowest price was 2546 yuan/ton, and closed at 2553 yuan/ton, down 62% or 2.37% from the previous trading day. The trading volume was 1376079, the position was 1300799, and the daily increase was – 74001.

 

Summary of methanol market prices in various regions as of 2.10:

 

Region/ Price

Shanxi Province/ 2480-2500 yuan/ton ex-factory

Liaoning region/ About 2620-2630 yuan/ton

Anhui Province/ About 2660-2730 yuan/ton

Henan Province/ 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.

 

Demand side, downstream dimethyl ether: the demand for dimethyl ether increased due to the start-up of Lankao Huitong device; Downstream acetic acid: Tianjin Soda Plant returned to normal, and the demand for acetic acid increased; Downstream formaldehyde: Shandong Lianyi unit has a negative deposit and withdrawal plan, Lankao Huitong and Rongxin Huiquan units are expected to be restarted, and the demand for formaldehyde increases. The temporary storage of methanol is favorable.

 

In the external market, as of the close of February 10, the closing price of the CFR Southeast Asia methanol market was 375.00-377.00 US dollars/ton, down 3 US dollars/ton. The closing price of US Gulf methanol market is 107-109 cents/gallon; The closing price of FOB Rotterdam methanol market was 337.00-339.00 euros/ton, down 1 euro/ton.

 

Region/ Country/ Closing price/ Up and down

Asia/ CFR Southeast Asia/ 375.00-377.00 USD/ton./- 3 USD/ton

Europe and America/ US Gulf/ 107-109./0 min/gallon

Europe/ FOB Rotterdam/ 337.00-339.00 euro/ton./- 1 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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