Domestic methanol market rose and fell slightly in July. According to the price monitoring of the business agency, the domestic methanol market price was 1625 yuan / ton at the beginning of the month and 1640 yuan / ton at the end of the month, with an increase of 0.92% during the month and a decrease of 16.75% compared with the same period last year.

In July, the methanol market continued to fluctuate. Although the market in the first ten days went up slightly, the market in the last ten days dropped rapidly and the previous low level. In the first ten days, affected by the centralized maintenance of methanol plant and low port inventory, the methanol market rebounded, and Inner Mongolia and other places rebounded to around 1450 yuan / ton. In the late ten days, with the recovery of methanol plants, the postponement of the start-up of olefin units in Luxi, Shandong Province, and the temporary shutdown of srbon, the market mentality turned weak and the price dropped rapidly.

In terms of industrial chain, formaldehyde: the domestic formaldehyde market fluctuated in a narrow range this month. In the month, the raw material methanol surface rose strongly, and the cost of purchasing raw materials by formaldehyde factories increased. Supported by this, the formaldehyde market passively followed the rise. Due to the influence of high temperature and rain, the start-up load continued to be low, so the demand for formaldehyde did not increase significantly. In the middle of the month, the upstream raw materials continued to be strong and upward trend was obvious, but formaldehyde was difficult to follow up. The main reason was that the central environmental protection supervision and control were met in the field and the downstream timber was weak due to the rainy season. The overall demand was weak. The formaldehyde industry thought that the high price offer was not significant, so the market continued smoothly. At the end of the month, with the entry of environmental protection control, environmental protection pressure was serious, some downstream plate factories stopped production for rectification, and formaldehyde enterprises in different regions showed a situation of mutual repulsion.

Acetic acid: the domestic acetic acid market rose sharply in July. At the beginning of the month, the acetic acid plants of Jiangsu Sopu and Shanghai Huayi failed unexpectedly. At the beginning of the month, all manufacturers needed to deliver the contracted goods, which led to the shortage of market supply. While the downstream demand was stable, the inventory quantity of each manufacturer was low, which pushed up the price gradually.

Dimethyl ether: the domestic market price of dimethyl ether rose and fell in this month. In the first ten days of the middle of the month, Qinyang Shengxin dimethyl ether plant was in normal operation, while the maintenance of Yima Kaixiang device at the same time had little impact on Henan area, and the inventory pressure of enterprises was not great. Driven by the mentality of buying, the prices began to rise continuously, and the prices in Hebei, Shandong and other regions continued to rise. After entering the middle of the year, due to the lack of support for terminal demand, the market continued to fall into a weak situation. In order to avoid the downward price, BMW and xinlianxin began to implement a minimum guarantee policy, so as to protect the market price laterally and prevent the low price from disturbing the market price.

At present, due to the historical low price of methanol, some methanol plants with backward process and high cost are shut down; most of the international methanol plants are stable, and the import volume is expected to remain high in August; the traditional downstream demand is general, and formaldehyde enters the traditional off-season. Under the premise of no inventory reduction, it is difficult for the methanol market to reach the bottom. At present, the supply of methanol market at home and abroad is increasing, while the demand is weakening, and the fundamentals of methanol supply exceeding demand are highlighted. Methanol analysts of the business agency predict that the domestic methanol market will bottom again in August, and it is not ruled out that there is the possibility of falling below the new low.