Recently, the domestic methanol spot market rose again. According to the SunSirs monitoring, As of April 16, the average price of domestic methanol producers in Shandong was 2390 RMB/ton, with a month-on-month decline of 1.44% and a year-on-year increase of 33.71%. This week, the methanol market first weakened and then strengthened, mainly because the expected increase in supply depressed the mentality of the traders, but the lower inventory in the mainland and ports and some olefins mining supported the mentality in the later period. The methanol market fell first and then rose, the supply was too high. The prominent contradiction between supply and demand led to the weak operation of the domestic methanol market. The inventory of enterprises in the northwest of the main producing area is not high. In addition, some olefin units are supported by methanol, and some upstream enterprises have a strong mentality.
Downstream, dimethyl ether market narrow shock running, the general market atmosphere. MTBE market continued to rise, with an increase of 50-100 RMB / ton. The formaldehyde market is stable and falling. The upstream methanol is up in a narrow range, which is strongly supported by the cost side. The regional rise of domestic acetic acid market continued.
External market, As of April 15, CFR China methanol closed at $293.00- $294.00 / ton, up $2 / ton; CFR Southeast Asia Methanol $370.00- $371.00 / ton. US Gulf methanol closed at 120.00-121.00 Cents / gallon; FOB Rotterdam methanol closed at 320.00-321.00 Euros / ton.
In the future, On the spot side, the northwest enterprises' inventory is not high, coupled with the support of methanol production from some olefin plants, some upstream enterprises have a strong mentality. In the later period, marginal supply tends to increase, and marginal demand has no obvious change temporarily. A methanol analyst at the SunSirs, Short-term domestic methanol market is mainly arranged
