This week, the domestic methanol spot market rose first and then fell, and the overall level is still high. This is mainly because the downstream replenishment after the festival supports the market, but some MTO enterprises in the northwest sell methanol away, the supply side increases, and the market situation is “upside down”. According to the monitoring of business agency, from October 8 to 18, the average price of domestic methanol production enterprises in Shandong increased from 3800 yuan / ton to 4275 yuan / ton. During the cycle, the price increased by 12.50%, 35.71% month on month and 121.50% year-on-year.

Methanol peaked sharply after strong rise, and the price and market sentiment fluctuated greatly. At the beginning of the week, the upstream factories in the mainland continued to significantly increase their offer, but the transaction volume was poor. The operation of MTO enterprises selling raw material methanol kept the operators afraid of heights and profit taking. Later, with the sharp decline of futures, the market transfer price continued to decline, but the transaction was difficult to improve.

Summary of methanol market prices in various regions as of October 18:

Region, price

Qinghai region 3860 yuan / ton factory withdrawal cash exchange

Shanxi region 3710-3750 yuan / ton factory withdrawal cash exchange

Liaoning region 4150-4200 yuan / ton delivered to the plant

Fujian region 4000 yuan / ton

Lianghu area 4350-4400 yuan / ton factory withdrawal cash exchange

Anhui region 4200-4250 yuan / ton factory acceptance

Henan region Offer reference: 4000-4020 yuan / ton out of tank spot exchange

The prices of products in the methanol industry chain are mixed, the coal price of methanol upstream products is rising sharply, the price of natural gas is stable, and the cost of methanol is strongly supported; Among downstream products, the price of methane chloride in Shandong increased the most compared with last week. Among related products, the price of Shandong ethylene glycol increased the most compared with last week.

Comparison chart of coal / steam coal (upstream raw material) – methanol price trend of business community:

Comparison chart of natural gas (upstream raw material) – methanol price trend of business community:

In terms of external market, as of the closing on October 15, the closing price of CFR Southeast Asia methanol market was US $541.00-542.00/t, up US $11 / T. US Gulf methanol market closed at 153.00-154.00 cents / gallon, down 3 cents / gallon; The closing price of FOB Rotterdam methanol market is 475.00-476.00 euros / ton.

region ., Country, closing price, up and down

Asia CFR Southeast Asia USD 541.00-542.00/t USD 11 / ton

Europe and America American Gulf 153.00-154.00 cents / gallon – 3 cents / gallon

Europe FOB Rotterdam 475.00-476.00 euros / ton 0 euro / ton

If the coal is expected to increase production, the coal price will decline, and the methanol cost support may weaken. From the perspective of fundamentals, there is no obvious expectation of supply and demand. In the absence of unexpected factors, methanol analysts of business society expect that the domestic methanol market will be mainly sorted out in the short term.