Price Trend

According to the price monitoring of business associations, as of June 17, the average price of domestic methanol market was 2186 yuan/ton, and the domestic market of methanol tended to be stable.

II. Market Analysis

Products: The northwest methanol market is stable. The overall market in Inner Mongolia is stable at about 1850 yuan/ton. The shipment situation of local enterprises is general. The methanol market in North China is stable for the time being. Shandong Lunan area is affected by environmental protection, and some enterprises limit production. Eastern China’s methanol market is slightly light, buyers and sellers are slightly deadlocked, and the Middle East oil tanker accident has little stimulation to the market. The central China market is running steadily for the time being. The main enterprises’offer is temporarily stable. Although the traders have certain operation actions, the actual single operation is limited. The downstream is still dominated by just demand, the demand is weak and difficult to change. The overall transaction is still relatively general. At present, the Luoyang area talks about 2070-2080 yuan/ton. The methanol market in South China is weak and the overall atmosphere is not good. With the end of the “Meiyu” season in South China, terminal demand has risen, but with the storm of Middle East tankers fading, spot prices in South China eventually fall again.

Industry chain: formaldehyde: formaldehyde market is light and stable. Each enterprise’s offer is temporarily stable, the upstream methanol market is tidying up and running, and the downstream market is not well started as a whole, the demand side is weak and difficult to change, and the overall turnover is relatively light. Dimethyl ether: The price of dimethyl ether is stable and the trading atmosphere is good. International crude oil rebounded strongly, and good news support was evident. Acetic acid: The domestic acetic acid market is stable. The four major suppliers in East China are still in short supply. The main suppliers are pre-delivery orders. Neighbouring production enterprises have successively delivered pre-orders, with a small number of new orders, and some stock quantities have accumulated, while the offer price is temporarily stable.

3. Future Market Forecast

Business Cooperative Viewpoint: At present, the upstream inventory is under great pressure, and the downstream follow-up is cautious. The pace of trading in various markets is not warm. The upstream and trade mentality are still not optimistic in the short term. Business Cooperative Methanol Analysts expect that the domestic methanol market will remain weak in the short term.