According to the Commodity Market Analysis System of Shengyi Society, from July 15th to 19th (as of 15:00), the average price of methanol in East China ports in the domestic market fell from 2573 yuan/ton to 2500 yuan/ton, with a price decline of 2.85% during the period, a month on month decline of 1.19%, and a year-on-year increase of 10.13%. The domestic methanol market has fallen from a high level, and the overall downstream demand has remained weak in recent times. Traders hold sufficient supply of goods.
As of the close on July 19th, the closing price of methanol futures on Zhengzhou Commodity Exchange has fallen. The main contract for methanol futures, 2409, opened at 2519 yuan/ton, with a highest price of 2528 yuan/ton and a lowest price of 2491 yuan/ton. It closed at 2493 yuan/ton in the closing session, a decrease of 32 yuan/ton or 1.27% from the previous trading day’s settlement, with a trading volume of 574613 lots and a position of 766640 lots. The daily increase was 34997.
As of July 19th, the summary of methanol market prices in various regions:
Region/ Price
Shanxi region/ 2290 yuan/ton factory withdrawal in foreign exchange
Liaoning region/ 2770 yuan/ton
Anhui region/ 2465 yuan/ton
Henan region/ 2350-2355 yuan/ton factory withdrawal in foreign exchange
In terms of cost, most coal mines in the production area are currently maintaining normal production in the middle of the month, mainly implementing long-term cooperative shipping, and the overall coal supply level remains stable. The recent upward trend in port prices has been temporarily suspended, and downstream terminal inventories are high. Many traders are adopting a wait-and-see attitude towards market resources, and most traders are cautious in their purchasing pace. There are fewer vehicles transporting to the mine, and coal mines are adjusting their pithead prices narrowly based on their own sales situation, with an overall focus on stability. The impact of methanol cost is mixed.
On the demand side, downstream MTBE: Tianli High tech has plans to start production, and MTBE demand is increasing; Downstream formaldehyde: Increased demand for formaldehyde; Downstream chlorides: Mainstream factories in Shandong have increased demand for methanol; Downstream dimethyl ether: Increased demand for dimethyl ether; Downstream acetic acid: Decreased demand for acetic acid. The impact of methanol demand is mixed.
Supply side, maintenance of Inner Mongolia Chifeng Boyuan, Shaanxi Changqing, Jiutai New Materials (Tuoxian), and Yunnan Pioneer Equipment; Inner Mongolia’s new Olympic plant reduces production; Guizhou Tianfu, Xufeng Heyuan, and Shaanxi Shenmu installations have been restored. The loss exceeds the recovery, resulting in a decrease in capacity utilization. The supply of methanol is affected by favorable factors.
In terms of external markets, as of the close on July 18th, the CFR Southeast Asian methanol market closed at $350.00- $351.00 per ton, a decrease of $2 per ton. The closing price of the US Gulf methanol market was 104.00-105.00 cents/gallon, down 1 cent/gallon; The closing price of FOB Rotterdam methanol market is 322.75-323.75 euros/ton, up 1 euro/ton.
Region/ Country/ Closing price/ Rise and fall
Asia/ CFR Southeast Asia/ 350.00-351.00 USD/ton/ -2 USD/ton
Europe and America/ American Gulf/ 104.00 to 105.00 cents per gallon/ -1 cent/gallon
Europe/ FOB Rotterdam/ 322.75-323.75 euros/ton/ 1 Euro/ton
In the future forecast, the price of raw coal is slightly insufficient to drive methanol, and the supply of goods is sufficient. Although traditional downstream demand has increased, the magnitude is still limited. The methanol analyst from Shengyi Society predicts that the domestic methanol market will mainly consolidate weakly.
| http://www.gammapolyglutamicacid.com |