The domestic methanol market rose and fell back, the methanol price rose significantly in the early stage, the recent rise slowed down, and the prices in some regions fell back. The international crude oil price fluctuated at a high level, while the coal price supported at a high level. At present, the main reasons that affect the methanol price are supply and demand. Most of the early maintenance devices have been restarted, and new devices such as Jiutai and Kunpeng have been put into operation. The supply has increased. However, the demand is general, most of them are rigid, and there is no sign of increase in the short term. Traders are mainly wait-and-see, and the international demand is poor. The rise of methanol market has slowed down, and the market is mainly volatile.
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According to the monitoring data of the business community, the average price of East China ports in the domestic methanol market fell from 2726 yuan/ton to 2710 yuan/ton from September 13 to 20. During the cycle, the price fell by 0.60%, with the maximum amplitude of 2.77%. The price rose by 14.25% month on month and fell by 11.55% year on year.
As of the closing of September 20, the methanol futures of Zhengzhou Commodity Exchange fell back in shock. The MA2301 contract was opened at 2686 yuan/ton, with the highest price of 2722 yuan/ton and the lowest price of 2657 yuan/ton. The closing price of the MA2301 contract was 2660 yuan/ton, down 35 yuan/ton from the closing of the previous trading day. As of the closing, the position of the MA2301 contract was 1332300 hands, up 71100 hands from the previous trading day.
Summary of methanol market prices by regions as of September 20:
Region, price
Qinghai region, no quotation
Shanxi Province, 2600-2630 yuan/ton
Liaoning Province, about 2900-2920 yuan/ton
Fujian, 2700-2730 yuan/ton
Two Lakes region, about 2785-2830 yuan/ton
Anhui Province, about 2820-2870 yuan/ton
Henan Province, 2800 yuan/ton
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The price of products in the methanol industry chain has risen and fallen, the price of natural gas in the upstream product of methanol has been stable, the average price of coal has risen in a narrow range, and the cost of methanol is well supported; Among the downstream products, the price of methane chloride in Shandong increased the most; Among related products, Shandong’s ethylene glycol price rose the most.
In terms of external market, as of September 19, the closing price of CFR Southeast Asia methanol market was 365.00-366.00 dollars/ton. US Gulf Methanol Market closed at 104.75-105.75 cents/gallon; The FOB Rotterdam methanol market was closed.
Region, country, closing price, up and down
Asia, CFR Southeast Asia, 365.00-366.00 USD/ton, 0 USD/ton
Europe, America, Gulf of America, 104.75-105.75 cents/gallon, 0 cents/gallon
Europe, FOB Rotterdam,/Euro/ton,/Euro/ton
In the early stage, the shortage of supply has absorbed some of the benefits. In terms of downstream demand, each product is slightly different: BMW Hebi, the main producer of dimethyl ether, plans to restart and its output may increase; In terms of acetic acid, Hualu plans to reduce the output of acetic acid around the 20th; In terms of formaldehyde, Shandong Lianyi’s inventory decreased as expected, and the output may decrease; The start-up of other downstream MTBE and MTO units is relatively stable. The short-term supply has increased, while the demand side has no obvious positive effect. Methanol analysts of the business community predict that the domestic methanol market may weaken.
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