The strong coal market on the cost side strongly drives the expectation of methanol futures market. At the same time, the macro side is good, and the methanol futures market is still bullish for a short time under the background of product fundamental preference. At the same time, the methanol spot market is rising slowly. According to the monitoring of the business agency, as of May 12, the average price of domestic methanol manufacturers in Shandong was 2625 yuan / ton, with a month on month rise of 11.68% and a year-on-year rise of 23.32%.
In terms of methanol spot market, the new prices of production enterprises in the main production areas of Northwest China were significantly increased to drive the market, while the production enterprises in the inland areas were gradually rising. At present, the social inventory of methanol market is fair, and the price of downstream products is up and down. Most enterprises purchase on demand.
Summary of methanol market prices by Region as of May 12
Region, price
Qinghai Area 2200-2280 yuan / ton factory cash
Shanxi area 2430-2470 yuan / ton factory cash
Liaoning Province 2430-2450 yuan / ton delivered to the factory
Fujian area 2720 yuan / ton, including tax
Two lakes area Ex factory reference 2660-2700 yuan / ton ex factory cash
Anhui Province 2600-2620 yuan / ton factory acceptance
Henan Province 2545-2565 yuan / ton ex factory cash
Downstream, the formaldehyde market rose steadily, the market trading atmosphere is fair. The market price of dimethyl ether went up in a wide range, and the market transaction atmosphere was acceptable. The weakness of domestic acetic acid market continued. The recent competition among spot manufacturers is more obvious, which has pushed the market negotiation prices down one after another. MTBE market in the North continued to decline slightly, while the South remained stable.
In the external market, as of May 11, CFR China methanol closed at 301.50-302.50 US dollars / ton, up 1.5 US dollars / ton; CFR Southeast Asia methanol 354.00-355.00 US dollars / ton, down 5 US dollars / ton. US Gulf methanol closed at 114.50-115.50 cents per gallon; FOB Rotterdam methanol closed at 307.00-308.00 euro / ton, down 1 euro / ton.
region ., Country. Closing price. Up and down
Asia CFR China USD 301.50-302.50/t US $1.5/t
Asia CFR Southeast Asia USD 354.00-355.00/t – US $5 / T
Europe and America Gulf of America 114.50-115.50 cents / gal 0 cents per gallon
Europe FOB Rotterdam 307.00-308.00 euro / ton – 1 euro / ton
In the near future, methanol futures are greatly affected by steam coal futures. At present, the methanol market is basically good. Methanol analysts of business cooperatives expect that the spot market of short-term methanol market will follow up slowly.
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