According to the monitoring of the business community, the domestic methanol market was in shock. From December 5 to 12 (as of 15:00 p.m.), the average price of East China ports in the domestic methanol market rose from 2670 yuan/ton to 2690 yuan/ton. During the cycle, the price rose 0.75%, fell 3.15% month on month and rose 5.91% year on year. The main reason is supply and demand. In terms of supply, most production enterprises focus on de stocking, and traditional downstream enterprises also have early parking performance, resulting in weak overall demand performance.
| Thiourea |
As of the closing of December 12, methanol in Zhengzhou Commodity Exchange rose. The main methanol futures contract 2301 opened at 2489 yuan/ton, the highest price was 2540 yuan/ton, the lowest price was 2477 yuan/ton, and closed at 2527 yuan/ton, up 34, or 1.36%, from the previous trading day. The trading volume was 1307300, the position was 725618, and the daily increase was -169252.
As of 12.12, the summary of methanol market prices in various regions:
Region./Price
Shanxi Province/2230-2250 yuan/ton
Liaoning Province./2400-2550 yuan/ton or so
Anhui Province./About 2550-2580 yuan/ton
Henan Province./2470-2570 yuan/ton
In terms of cost, the price of raw coal has risen slightly, and the price of natural gas has stabilized. With the arrival of the “cold wave”, the demand side of steam coal is expected to be released, and the actual supply of goods in northern ports is relatively scarce. Ensuring stable supply in winter is the focus of the market. In the short term, the price of steam coal may fluctuate slightly. The cost of methanol is favorable.
Demand side, downstream acetic acid: Jiangsu Sopu resumed production, but Celanese planned to overhaul for one week on December 11, and the demand for acetic acid may be limited; MTBE demand may change little. There is no significant change in methanol demand.
On the supply side, the total amount of physical examination and repair is greater than the recovery amount, the capacity utilization rate decreases, and the methanol supply side has a good profit.
In terms of external market, as of December 9, the closing price of CFR Southeast Asia methanol market was 362.0-363.0 US dollars/ton, up 6.5 US dollars/ton. US Gulf Methanol Market closed at 86.75-87.75 cents/gallon; FOB Rotterdam methanol market closed at 301.50-302.50 euros/ton, up 1 euro/ton. The price of the external market rose, and the deposit interest was good.
Region./Country./Closing price./Up and down
Asia./CFR Southeast Asia./362.0-363.0 USD/ton./6.5 USD/ton
Europe and America./American Gulf./86.75-87.75 cents/gallon./0 cents/gallon
Europe./FOB Rotterdam./301.50-302.50 euro/ton./1 euro/ton
It is predicted that the cost side of methanol will be supported, but the supply side will not decrease and the demand side will not change much. Methanol analysts from the business community predict that the domestic methanol market may be dominated by weak ones.
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