On May 18, methanol in Zhengzhou Commodity Exchange closed at 2690 RMB/ton, down 40 RMB/ton, or 1.47% compared with the last trading day. The methanol spot market is mainly high and some regions are slightly reduced. According to the monitoring of the SunSirs, as of May 18, the average price of domestic methanol producers in Shandong was 2,730 RMB/ton, with a month-on-month increase of 14.23% and a year-on-year increase of 64.71%.
At present, the shipment situation of the main production enterprises is mixed, some units resumed production, and local supply increased. At present, crude oil is running firmly, some commodity futures are adjusted, and the domestic methanol spot market is mainly firm and tidy.
Downstream, formaldehyde market stability has fallen. DME market prices continued to push up. Domestic acetic acid market continued to fall. At present, the start of the acetic acid industry is at a high level, the inventory of spot manufacturers is relatively sufficient, and the downstream factories are still mainly digested contracts, and the market is still short of new orders. The trend of all aspects of the market is still bearish, and the market transaction price is passively low. MTBE 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 17, the closing price of CFR China methanol was 317.50-318.50 US dollars/Ton; CFR Southeast Asia methanol market closing price 370.00-371.00 USD/Ton. US Gulf methanol closed at 110.50-111.50 cents per gallon; The closing price of methanol in FOB Rotterdam is 307.00-308.00 Euro/Ton.
