According to the Commodity Market Analysis System of Shengyi Society, from August 5th to 9th (as of 10:00), the average price of methanol in East China ports in the domestic market fell from 2490 yuan/ton to 2460 yuan/ton, with a price increase of 0.60% during the period, a month on month decrease of 1.76%, and a year-on-year increase of 7.40%. The domestic methanol market is running weakly. The supply has increased, and the domestic methanol market has a strong mentality towards yeast storage. Demand continues to operate weakly, with some traders purchasing at low prices.
| Thiourea |
As of the close on August 9th, the closing price of methanol futures on Zhengzhou Commodity Exchange has risen. The main contract for methanol futures, 2409, opened at 2495 yuan/ton, with a highest price of 2516 yuan/ton and a lowest price of 2487 yuan/ton. It closed at 2505 yuan/ton at the end of the day, up 10 yuan/ton from the previous trading day’s settlement, an increase of 0.40%. The trading volume was 491828 lots, and the position was 626831 lots, with a daily increase of -23229.
As of 8.9, the summary of methanol market prices in various regions:
Region/ Price
Shanxi region/ 2250-2260 yuan/ton factory withdrawal in foreign exchange
Liaoning region/ 2700 yuan/ton
Anhui region/ 2440 yuan/ton
Henan region/ 2295 yuan/ton factory withdrawal in foreign exchange
In terms of cost and supply, most coal mines in the production area are currently maintaining normal production and sales, mainly relying on long-term cooperation to ensure supply, and conducting large-scale inspections of safety production hazards in some areas. The overall downstream demand is currently sluggish, and non electric terminals still maintain a small amount of transportation for essential needs. Coal plants and traders are cautious about purchasing, and market activity is weak. Sales in mining areas are generally flat, and most coal mine prices have not been adjusted yet. Some coal mines have increased their coal storage pressure, and prices have slightly decreased by 5-10 yuan/ton. The overall performance of coal prices in production areas is stagnant and weak. The impact of methanol cost is mixed.
On the demand side, downstream acetic acid: the demand for acetic acid does not fluctuate significantly; Downstream formaldehyde: Environmental inspections in the main production areas have ended, leading to an increase in demand for methanol; Downstream chloride: With the slow increase in load of mainstream factories in Shandong, there may be an increase in chloride demand; Downstream dimethyl ether: Increased demand for dimethyl ether; Downstream MTBE: MTBE demand decreases. The impact of methanol demand is mixed.
On the supply side, the recovery amount exceeds the loss amount, resulting in an increase in capacity utilization. Negative factors affecting the methanol supply side.
In terms of external markets, as of the close of August 7th, the closing price of CFR Southeast Asia methanol market was 346.00-347.00 US dollars per ton. The closing price of the US Gulf methanol market is 100.00-101.00 cents per gallon; The closing price of FOB Rotterdam methanol market is 322.00-323.00 euros/ton, up 4 euros/ton.
Region/ Country/ Closing price/ Rise and fall
Asia/ CFR Southeast Asia/ 346.00-347.00 USD/ton/ 0 USD/ton
Europe and America/ American Gulf/ 100.00-101.00 cents per gallon/ 0 cents/gallon
Europe/ FOB Rotterdam/ 322.00-323.00 euros/ton/ 4 euros per ton
In the future market forecast, supply will continue to increase, and there will still be sufficient circulating goods at ports. However, downstream production is not high, and demand remains weak, with obvious weakness in spot driving. Business Society’s methanol analyst predicts that the domestic methanol market will continue to be weak.
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