The methanol market fell deeply this week. Due to the decline of coal price and the weakening of methanol cost support, Baofeng and other olefin enterprises sold methanol away, and some methanol units were restored, the supply side was abundant. In the middle of the week, the quotations of major manufacturers were successively reduced, and the price adjustment range was 100-200 yuan / ton, resulting in the continued downward price focus of the domestic methanol market, difficult transaction volume and cautious market mentality.

According to the monitoring data of business agency, from November 12 to November 19, the average price of domestic methanol production enterprises fell from 3056 yuan / ton to 2748 yuan / ton. During the cycle, the price fell by 10.09%, 34.37% month on month and 44.87% year-on-year.

As of the closing on November 19, methanol futures of Zhengzhou Commodity Exchange rebounded strongly and fell in the late trading. The main contract ma2201 closed at 2600 yuan / ton, up 58 yuan / ton compared with the closing of the previous trading day.

Summary of methanol market prices in various regions as of November 19:

Region, price

Qinghai region 3500 yuan / ton factory withdrawal cash exchange

Shanxi region 2380-2630 yuan / ton

Liaoning region 2950-2980 yuan / ton

Fujian region 2800-2850 yuan / ton

Lianghu area About 2750-2950 yuan / ton

Anhui region About 2660-2700 yuan / ton

Henan region 2550 yuan / ton

The price of methanol industrial chain products mainly fell, the coal price of methanol upstream products fell slightly, the price of natural gas was stable, and the support for methanol cost was weak; Among the downstream products, the price of formaldehyde in Shandong decreased the most; Among related products, the price of Shandong ethylene glycol decreased the most.

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 November 18, the closing price of CFR Southeast Asia methanol market was USD 445.00-446.00/t. The closing price of US Gulf methanol market is 133.50-134.50 cents / gallon; The closing price of FOB Rotterdam methanol market is 367.00-368.00 euros / ton.

region ., Country, closing price, up and down

Asia CFR Southeast Asia USD 445.00-446.00/t USD 0 / ton

Europe and America American Gulf 133.50-134.50 cents / gallon 0 cents / gallon

Europe FOB Rotterdam 367.00-368.00 euros / ton 0 euro / ton

The macro level may continue to be weak, and the price of steam coal may have limited support for the cost of methanol. In terms of fundamentals, the supply side is relatively abundant and the demand side has little change. Methanol analysts of business society expect that the domestic methanol market will be depressed in the short term.

The price of titanium concentrate in Panxi area decreased slightly this week. The titanium ore market in Yunnan is relatively cold, the market inquiry is general, manufacturers mostly deliver early orders, and the downstream wait-and-see mood is strong. Up to now, the tax free quotation of 38 grade titanium ore is about 1430-1500 yuan / ton, that of 46 grade 10 titanium ore is about 2280 yuan / ton, and that of 47 grade 20 ore is about 2500-2550 yuan / ton.

Titanium concentrate analysts of business society believe that the downstream titanium dioxide enterprise market is relatively cold, the downstream wait-and-see mood is strong, mainly purchasing on demand, and the overall market is weak and stable. It is expected that the price of titanium concentrate will still be reduced slightly in the short term, and the actual transaction price will be mainly discussed.

Trade name: sulfur

Latest price (November 17): 2103.33 yuan / ton

Key points of analysis: according to the price monitoring of business society, the price trend of sulfur in East China is stable today, and the quotation of domestic refineries is flat compared with that of the previous working day. At present, the inventory of refineries in China remains low, the downstream procurement is mainly on demand, the enterprise shipment is smooth, the low price of the port is difficult to find, which gives a certain support to the sulfur market in the field, and the sulfur price is high. However, the downstream winter fertilizer storage has not yet started, the market demand is weak, and the end consumption does not support enough sulfur. The industry holds a wait-and-see attitude towards the future market.

Future forecast: the short-term sulfur market is temporarily stable and wait-and-see.

1、 Trend analysis

As shown in the figure above, copper prices rose slightly on the 16th, with the spot price of 71828.33 yuan / ton, up 0.41% from the previous day. The main Asian market of Shanghai copper weakened, opening at 70910 yuan in the morning, and finally the price weakened, reaching a minimum of 70210 yuan and closing at 70360 yuan.

Copper supply and demand are both weak, low inventory supports copper price, copper fundamentals are good, and there is support below in the short term. However, at present, the short trend of industrial products is maintained, the market sentiment is pessimistic, and the weak total demand suppresses the price. After the weakening of power rationing, the operating rate rebounded slightly, but the poor production and sales of real estate affected the overall demand. It is expected that the short-term copper price is still dominated by shock and fluctuation.

Product Name: silicone DMC

Latest price (November 15): 31920 yuan / ton

Key points of analysis: according to the data monitoring chart of business society, on November 15, the overall domestic silicone DMC market moved downward slightly. On the 15th, the factory quotation of domestic silicone DMC was around 31000-33000 yuan / ton, and the average price was 31920 yuan / ton. Compared with the previous working day, the average price was reduced by 230 yuan / ton, a decrease of 0.72%. At present, the silicone DMC market operates with a slight shock, and the downstream demand is still cautious, focusing on just needed procurement.

Future forecast: at present, the trading atmosphere of organosilicon DMC is acceptable. The organosilicon DMC data division of business society believes that in the short term, the domestic organosilicon DMC market is mainly consolidation and operation, and more attention should be paid to the trend changes of supply and demand.