According to the monitoring of the Business News Agency, the domestic methanol market fluctuated in a narrow range. From February 14 to 21 (as of 15:00 p.m.), the average price of the eastern China port in the domestic methanol market rose from 2691 yuan/ton to 2714 yuan/ton. During the period, the price rose by 0.85%, with a month-on-month increase of 0.90% and a year-on-year increase of 5.00%. The cost coal market is relatively stable, the downstream demand recovers slowly, and the methanol price fluctuates.
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As of the close on February 21, methanol futures of Zhengzhou Commodity Exchange rose. The main methanol futures contract 2305 opened at 2578 yuan/ton, with the highest price of 2605 yuan/ton and the lowest price of 2569 yuan/ton, and closed at 2604 yuan/ton at the end of the day, up 35 yuan/ton or 2.20% from the settlement on the previous trading day. The trading volume was 1231861, the positions were 1262368, and the daily positions were increased by 59106.
Summary of methanol market prices by regions as of 2.21:
Region/ Price
Shanxi Province/ 2410-2450 yuan/ton ex-factory
Liaoning region/ About 2550-2600 yuan/ton
Anhui Province/ About 2640-2700 yuan/ton
Henan Province/ 2550 yuan/ton
On the cost side, the coal price is stable. At present, the supply of coal in the main production areas has been improved. Under the influence of negative factors such as high inventory in the middle and lower reaches, the market demand lacks substantive support. The temporary storage of methanol cost is good.
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Demand side, downstream acetic acid: Henan Shunda is expected to restart, and the demand for acetic acid may increase; Downstream formaldehyde: Liuyang Jinggang and Lankao Huitong devices are planned to restart, and formaldehyde demand may increase. The temporary storage of methanol is favorable.
On the supply side, Jingmen Yingde and a set of devices in Hebei were overhauled. Jiangyou Wanli, Sichuan Daxing and Yunnan Yuntianhua have been restored. The overall loss was more than the recovery, and the capacity utilization rate fell. The temporary storage of methanol supply side is good.
In the external market, as of the close of February 20, the closing price of CFR Southeast Asia methanol market was 373.5-375.50 US dollars/ton. The US Gulf methanol market is closed; The closing price of FOB Rotterdam methanol market was 336.00-338.00 euros/ton, up 4 euros/ton.
Region/ Country/ Closing price/ Up and down
Asia/ CFR Southeast Asia/ 373.5-375.50 USD/ton./- 1.5 USD/ton
Europe and America/ US Gulf/ /Cents per gallon/ /Min/gal
Europe/ FOB Rotterdam/ 336.00-338.00 euro/ton./4 euro/ton
In the future, with the recovery of Yuntianhua 260000 tons/year and other devices, the supply is relatively abundant, while the coal price is relatively stable, and the cost support is insufficient. Methanol analysts of the business agency predict that the domestic methanol market will be dominated by narrow consolidation.
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