Price Trend

According to the price monitoring of business associations, as of February 26, the average price of domestic methanol market was 2 390 yuan/ton, and the domestic methanol market was strong.

II. Market Analysis

Products: Domestic methanol market shows a regional trend, the mainland market performance is strong. Mainland China is still able to move on with the support of olefin extraction, continuing last week’s trend, with a partial increase of 20-70 yuan/ton. Domestic freight rates have fallen a lot, making the arrival cost of consumer land a little looser; northwest guidance price has gone up 50 yuan/ton to 2000 yuan/ton, the mainland may follow up to a certain extent, pay attention to the price dynamics of manufacturers and transmission to the mainland market. On the port side, affected by high reservoir pressure and futures, the overall performance is general and weak shocks are dominant. In the short term, we still need to continue to pay attention to the changes of port inventory. Domestic freight rates for methanol have declined. The range is 10-50 yuan/ton. The freight rates of Inner Mongolia North Line to North Shandong refer to 300-380 yuan/ton, South Line to North Shandong refer to 290-320 yuan/ton, Shanxi part to North Shandong 120-190 yuan/ton, Guanzhong to North Shandong refer to 150-200 yuan/ton and South Shandong 150-190 yuan/ton. Xinjiang refers to 750-780 yuan/ton from North Shandong and Shenhua from Inner Mongolia refers to 350 yuan/ton from North Shandong.

Industry Chain: Formaldehyde: Linyi Formaldehyde Factory has returned to the market one after another, combined with the recent increase in raw material methanol finishing, to provide a certain cost support for the formaldehyde market. The prices of Zibo and its surrounding areas are around 1200 yuan/ton, while Linyi is around 1180 yuan/ton. Acetic acid: The domestic glacial acetic acid market is stable. Because Shunda equipment is overhauled, the market is slightly supported. Enterprise offer is stable for the time being. However, some manufacturers have obvious inventory pressure. Overall, Corporate pressure is not balanced. Downstream buying intention is cautious and general. On-site operation intention is cautious. Dimethyl ether: After the downstream phased replenishment, the overall domestic dimethyl ether Market shipment has weakened slightly, and the overall market price trend will return to rationality in the short term, and it is expected that there will be no lack of short-term expectations.

3. Future Market Forecast

Business Cooperatives Viewpoint: On the positive side, Northwest Guiding Price: Shaanxi-Mongolia Methanol has slightly increased this week, the current North-South Guiding Price is set at 2000 yuan/ton, which is 50 yuan/ton higher than last week; Domestic installations: Mainland based on spring inspection and other factors, and under the influence of environmental protection policies, maintenance enterprises have increased, local supply or contraction in the later period; Olefins: olefins procurement, pre-sale are good, expenditure. Methanol price of propylene raw material. On the negative side, inventory: in the continuous replenishment of port imports, high inventory is difficult to digest in the short term and the storage pressure is large; upstream: at present, some domestic gas projects are restored, and local supply is relatively abundant; freight: recently, the local freight of methanol has fallen significantly, which makes the cost of arrival of consumer goods slightly loose. Methanol analysts at business associations predict that the short-term domestic methanol market will rise slightly.