In recent years, the domestic methanol market has been rising slowly. Under the situation that the whole bulk market is greatly improving, the performance of methanol market seems to be “out of place”: the price growth is slow, the market rise is small, and the performance of methanol market seems to be “half shot slow”. With the approach of spring inspection, the trend of domestic methanol market regionalization is obvious.
In the mainland market, some upstream enterprises in the northwest main production areas and other places still have inventory, strong willingness to ship, low reception mood in the downstream, and price decline. Due to the continuous rise of crude oil and the impact of global inflation expectations, most of the bulk commodities have climbed to the highest level in the past three years, the commodity linkage has been enhanced, and the higher methanol futures has led to the rise of port spot. According to the monitoring data of business news agency, as of March 3, the average price of methanol producers in Shandong was 2332 yuan / ton, up 4.13% month on month and 16.48% year on year.
As of 3.3, methanol market price summary by Region:
Region, price
Qinghai Area/
Shanxi Province 1930-1970 yuan / ton factory cash
Liaoning area: 2200 yuan / ton
Fujian area: 2510-2530 yuan / ton
RMB 2300-2350 / T in the two lakes area
Anhui region 2310-2320 yuan / ton factory acceptance
Henan Province: RMB 2130-2140 yuan / ton
In terms of upstream and downstream, the formaldehyde market has not yet fully resumed production, and the price of the areas that have resumed work has risen in a wide range; the dimethyl ether Market has fallen sharply, and the transaction is slightly light; the domestic acetic acid market has risen sharply to the highest point in nearly a decade; the price of MTBE has continued to rise, with an increase of 150-350 yuan / ton.
In terms of external market, as of March 2, the closing price of methanol in CFR China was 307.00-308.00 US dollars / ton, and that in CFR Southeast Asia was 382.00-383.00 US dollars / ton. US Gulf methanol closed at 115.00-116.00 cents / gallon, up 1 cent / gallon; FOB Rotterdam methanol closed at 335.50-336.50 euros / ton, down 0.5 euro / ton.
Region, country, closing price, up and down
Asia, China, 307.00-308.00 USD / T, 0 USD / T
Asia, Southeast Asia, 382.00-383.00 USD / T, 0 USD / T
U.S. – U.S. Gulf, 115.00-116.00 cents / gal, 1 cent / gal
Europe – FOB Rotterdam, 335.50-336.50 euro / ton, – 0.5 euro / ton
In the future, on the supply side, as spring overhaul is approaching, overhaul plans of methanol enterprises in the mainland are coming out one after another; foreign plants are recovering, and imports are expected to increase in March. In terms of demand, the Ministry of formaldehyde started or recovered in succession. Business community methanol analysts expect that the domestic methanol market in the short term consolidation.
| PVA |