This week, the domestic methanol market rose in a narrow range. According to the price monitoring of the business agency, at the beginning of the week, the domestic methanol market price was 1605 yuan / ton, and at the end of the week, the domestic methanol market price was 1617 yuan / ton, up 0.78% in the week. Compared with the same period last month, the price fell 2.41% month on month and 27.53% year-on-year.

The domestic methanol price is at a historical low, the profits of coal and natural gas enterprises are not good, and the cost surface has certain support; the crude oil rose to a high in nearly three months, and the crude oil continued to rise under the expectation of the extension of the production reduction agreement, which is good for the methanol market. In the first ten days of June, the production of parking devices increased, the output of Baofeng 2.2 million tons and Anhui Linquan 300000 tons methanol new devices gradually increased in the later period, and the pressure of methanol supply was large; in the middle of June, the arrival plan of imported ships was relatively centralized, and the risk of high storage in the port was still accumulated; the traditional downstream industries such as methylaldehyde and dimethyl ether entered the off-season in the later period, and the demand was expected to decline.

Formaldehyde: this week, the domestic formaldehyde market is in a downturn. Methanol in the upper reaches of Anhui Province was affected by the low price of the port, and Anhui raw materials fell. Affected by this, the warehouse of formaldehyde products in the local area declined broadly; the price of methanol in the upper reaches of Shandong Province rose slightly within a week due to the rising freight, and the cost rose. With the arrival of local traditional wheat harvest season, some downstream board factories have wheat harvest holiday plans, and the terminal demand is weakened. Therefore, under the pressure of high cost, the delivery price of Shandong formaldehyde enterprises is reduced by a narrow margin. In addition, Feixian County, Shandong Province “delisting into the park” is carried out in an orderly manner, and it is expected that all formaldehyde plants will be completed before October 1, 2021.

Acetic acid: the domestic acetic acid market fell sharply this week. During the last weekend, Jiangsu Thorpe and Hebei Jiantao acetic acid plants were restored one after another, and traders were actively selling goods in the early stage, pushing the market transaction prices down one after another, and the market was passive and weak. At the beginning of the month, the downstream factories digested the contract volume and had no purchase intention for the spot acetic acid in the market, which led to the gradual increase of the stock quantity of the spot manufacturers and the passive continuous price reduction competition, driving the market transaction price down. In the early stage of South China market, the offer price was relatively firm, but the suppliers from Henan Province dropped a lot this week, and the low-cost sources successively competed for the South China market, resulting in the passive decline of local suppliers under the shipping pressure. And the local demand in South China is scattered and limited, and the local market continues to follow the decline passively under the competition of peripheral low price goods.

Dimethyl ether: this week, the domestic market for dimethyl ether was light, and the overall price was stable. There was no significant price adjustment in most of the weeks. At present, it is in the civil off-season, and the pressure of liquefied gas delivery is large. However, due to the continuous rise of crude oil price this week, the price of liquefied gas has formed a good support, and the civil price has increased significantly, but the terminal demand has slightly resisted, the transaction situation is general, and the market of dimethyl ether is limited.

In the later stage, 2.2 million tons of Baofeng and 300000 tons of new methanol plants in Linquan, Anhui will be started, and the production will continue to increase The pressure of alcohol supply will not be reduced; the domestic methanol import volume will remain at a high level in June, and the plan for the arrival of imported ships in the middle of the year is relatively concentrated, and there is still a risk of accumulation in the port’s high inventory; at present, most methanol Enterprises are in a loss state, with a strong attitude of holding prices, and there is limited space for further decline. The methanol analysts of the business association predict that the methanol market may maintain narrow range finishing in the later stage.