The downstream demand is weak. In the recent week, the domestic methanol market has been “falling continuously”. According to the monitoring of the business agency, the domestic methanol market price was 2462 yuan / ton on March 10, and 2327 yuan / ton on March 19, with a decrease of 5.48% in the cycle. The price increased by 2.87% on a month on month basis, up 30.76% on a year-on-year basis. At present, the mentality of the industry is acceptable, and there are great expectations for the spring inspection to pull up the market. Benefited from the recent “fourteenth five year” energy consumption double control task target issued by many provinces in China, the new methanol production capacity is facing compression in the future. Under the background of limited domestic methanol capacity expansion and approaching annual spring inspection, methanol price will start a round of medium-term rising market.

Summary of methanol market prices by Region as of March 19:

Region, price

Qinghai Area/

RMB 1950-1960 / T in Shanxi

Liaoning Province: 2180 yuan / ton

Fujian Province: 2530-2550 yuan / ton

Ex factory reference 2350-2400 yuan / ton in Lianghu area

Anhui area: 2270-2300 yuan / ton

Henan Province: 2170 yuan / ton ex factory reference

In the downstream, the formaldehyde market rose and fell this week, with slightly different buying and selling atmosphere in different regions. On Tuesday, the methyl ether market fell back after rising, and the market transaction atmosphere was general. This week, the domestic acetic acid market fell regionally, the East China and South China markets declined, and the North China market was temporarily stable.

In the external market, as of March 18, the closing price of CFR China methanol was 297.00-298.00 US dollars / ton, down 3 US dollars / ton; CFR Southeast Asia methanol was 369.50-370.50 US dollars / ton. US Gulf methanol closed at 118.00-119.00 cents per gallon, while FOB Rotterdam methanol closed at 318.00-319.00 euros per ton, down 1 euro per ton.

Region, country, closing price, up and down

US $297.00-298.00/t – US $3 / T

50-370.50 U.S. dollars / ton ﹣ 0 U.S. dollars / ton

Europe and America ﹣ US Gulf ﹣ 118.00-119.00 cents / gal – 1.5 cents / gal

Europe – FOB Rotterdam – 318.00-319.00 euro / ton – 1 euro / ton

In the future, on the supply side, as the spring overhaul is approaching, the overhaul plans of methanol enterprises in the mainland are coming out one after another; some downstream units are recovering one after another, and the demand for methanol is rising slowly. Business community methanol analysts expect that the domestic methanol market in the short term consolidation.