On May 13, the methanol futures of Zhengzhou Commodity Exchange finished high and closed at 2755 yuan / ton, up 139 yuan / ton from the previous trading day, with the futures up 5.31%. The spot market of methanol is also rising. The main production areas in Northwest China drive the spot price of methanol in other regions to continue to rise. The supply and demand of raw coal is tight, which promotes the cost of coal to methanol. According to the monitoring of business news agency, as of May 13, the average price of domestic methanol production enterprises in Shandong was 2680 yuan / ton, with a month on month increase of 13.80% and a year-on-year increase of 54.91%.
At present, the main methanol production enterprises and port inventory is low, traders are in pursuit of rising sentiment, and downstream receiving is cautious. Methanol downstream products are reflected in the rise and fall: formaldehyde, dimethyl ether market rise, acetic acid, MTBE market weak shocks. In the short term, the rising trend of futures and low inventory will continue to dominate the methanol market.
Summary of methanol market prices by Region as of May 13
Region, price
Qinghai Area 2200-2280 yuan / ton factory cash
Shanxi area 2660-2685 yuan / ton factory cash
Liaoning Province 2430-2450 yuan / ton delivered to the factory
Fujian area 2850 yuan / ton
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
On the downstream side, the formaldehyde market has been rising steadily. Upstream methanol futures trading impact, the cost continued to be high. Dimethyl ether Market offer continued to rise, trading atmosphere is good. 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. Tbe market is mainly stable with limited fluctuation. Crude oil continued to go up, giving support to the market mentality. In addition, after the recent price drop to a low level, some downstream businesses took advantage of low prices to replenish. With the rise of other raw materials, the price gap between MTBE and alkylation and other raw materials narrowed, and the sales pressure of Northern businesses slightly reduced.
In the external market, as of May 12, CFR China methanol closed at 301.50-302.50 US dollars / ton, up 8 US dollars / ton; CFR Southeast Asia methanol 354.00-355.00 USD / ton. US Gulf methanol closed at 110.50-111.50 cents per gallon, down 2 cents per gallon; The closing price of methanol in FOB Rotterdam is 307.00-308.00 euro / ton.
region ., Country. Closing price. Up and down
Asia CFR China 309.50-310.50 USD / T 8 US dollars / ton
Asia CFR Southeast Asia USD 354.00-355.00/t 0 USD / ton
Europe and America Gulf of America 110.50-111.50 cents / gal – 2 cents per gallon
Europe FOB Rotterdam 307.00-308.00 euro / ton 0 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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