Last week, the rise and fall of domestic methanol spot market in various regions were reflected. According to the monitoring of business agency, from August 30 to September 7, the average price of domestic methanol production enterprises in Shandong increased from 2,615 RMB/ ton to 2,640 RMB/ ton, with a price increase of 0.96% in the cycle, a price increase of 2.62% month on month and a year-on-year increase of 53.04%.
The atmosphere in China mainland market was poor at the beginning of the week. Although most enterprises adhered to the offer, there were still some negative shippers; The market transfer price has also been lowered one after another, and the operators breed a bearish mentality. The methanol market is weak in the mainland and the port is strong, mainly due to the limited terminal demand in the mainland and the general mentality of traders; Dual control affects the capital mentality, coupled with the strong rise of thermal coal, the rise of methanol futures MA drives the spot of the port.
The price of products in the methanol industry chain fluctuates, the coal price of methanol upstream products rises narrowly, and the price of natural gas is stable, which has strong support for the cost of methanol; Among downstream products, the price of Shandong MTBE increased the most compared with last week; Among related products, the price of Shandong ethylene glycol increased the most compared with last week.
In terms of external market, as of the closing on September 6, the closing price of CFR Southeast Asia methanol market was $399.00-400.00/ ton. US Gulf methanol market closed; The closing price of FOB Rotterdam methanol market was 379.50-380.50 euros/ ton, up 3 euros/ ton.
Crude oil and coal prices may remain strong, methanol costs may continue to be supported, and freight is expected to increase before the holidays and the National Games. However, the demand side is also relatively weak. SunSirs methanol analysts expect that the short-term methanol market may be dominated by consolidationin China.
