In October, the domestic methanol market rose unilaterally. According to the monitoring data of the business community, the domestic methanol market in East China in early October was 3012 yuan/ton, and the price at the end of the month was 2790 yuan/ton. The price fell by 7.38% in the month, with the maximum amplitude of 14.07%, down 16.72% year on year.
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According to the price monitoring of the business community, in the list of commodity price rises and falls in October 2022, there were 9 kinds of commodities in the energy sector that rose month on month, including 5 kinds of commodities that rose more than 5%, accounting for 38.5% of the number of monitored commodities in this sector; The top three commodities were diesel (12.09%), gasoline (10.91%) and dimethyl ether (7.04%). There were 4 kinds of commodities that declined month on month, and 3 kinds of commodities that declined by more than 5%, accounting for 23.1% of the number of monitored commodities in this sector; The top three decline products were LNG (-9.63%), WTI crude oil (-7.08%) and Brent crude oil (-5.90%). The average rise and fall this month was 1.84%.
Summary of methanol market prices by regions as of October 31:
Region, price
Qinghai region, no quotation
Shanxi Province, 2600 yuan/ton
Liaoning, about 2680-2720 yuan/ton
Fujian, 2830-2850 yuan/ton
In the two lakes region, about 2850-2985 yuan/ton
Anhui Province, about 2850-2940 yuan/ton
In Henan, about 2680-2700 yuan/ton
At the beginning of this month, the domestic methanol market in East China fell back. Before the National Day, due to the availability of goods before the festival and the tight supply and demand in some regions, the domestic methanol market price rose sharply, and the port price broke the 3000 yuan/ton mark. With the increase of arrival and inventory in some regions, as well as the consumption of pre holiday stock in downstream areas after the holiday, the methanol price market has turned “upside down”. After the festival, the domestic methanol market continued to decline unilaterally, and the quotations of manufacturers were also lowered for many times. The market atmosphere was “calm”.
In the first ten days of this month, the domestic methanol market in East China rose in shock, crude oil ran in shock, and coal prices were strong to support production costs. In terms of spot goods, the supply in the domestic mainland market increased, and the port market continued to de stock mainly. The atmosphere of the domestic methanol market is good. The quotation in some regions is adjusted in a narrow range, but the adjustment range is not large. The mainstream transaction is stable.
In the last ten days of this month, the domestic methanol market in East China fell, some newly put into production units shipped, coupled with tight logistics, rising freight rates and the general mood of downstream customers, the methanol market fell again.
According to the price monitoring of the business community, according to the price monitoring of the business community, in the list of commodity price rises and falls in October 2022, there are 5 kinds of commodities in the energy sector that have risen month on month, including 3 kinds of commodities that have risen more than 5%, accounting for 23.1% of the number of commodities monitored in this sector; The top three commodities were WTI crude oil (10.58%), Brent crude oil (10.14%) and dimethyl ether (8.27%). There were 8 kinds of commodities that declined month on month, and 5 kinds of commodities that declined more than 5%, accounting for 38.5% of the number of monitored commodities in this sector; The top three products of decline were LNG (-18.93%), petroleum coke (-8.97%) and methanol (-7.39%). The average rise and fall this month was – 1.6%.
In terms of external market, as of October 31, the closing price of CFR Southeast Asia methanol market was USD 367.50-368.50/ton. US Gulf Methanol Market closed at 99.75-100.75 cents/gallon; FOB Rotterdam methanol market closed at 346.50-347.50 euros/ton, up 0.25 euros/ton.
Region, country, closing price, up and down
Asia, CFR Southeast Asia, 367.50-368.50 USD/ton, 0 USD/ton
Europe, America, Gulf of America, 99.75-100.75 cents/gallon, 0 cents/gallon
Europe, FOB Rotterdam, 346.50-347.50 euros/ton, 0.25 euros/ton
The support of coal price may weaken in the near future, and the contradiction between supply and demand will hardly change significantly in the short term. Methanol analysts from the business community predicted that the methanol market might be weak in November.
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