The domestic methanol market in East China fell back. Before the National Day, due to the availability of goods before the festival and the tight supply and demand in some regions, the domestic methanol market price rose sharply, and the port price broke the 3000 yuan/ton mark. With the increase of arrival and inventory in some regions, as well as the consumption of pre holiday stock in downstream areas after the holiday, the methanol price market has turned “upside down”. After the festival, the domestic methanol market continued to decline unilaterally, and the quotations of manufacturers were also lowered for many times. The market atmosphere was “calm”.
| Thiourea |
According to the monitoring data of the business community, the average price of East China ports in the domestic methanol market fell from 3246 yuan/ton to 2812 yuan/ton from October 8 to 17. During the cycle, the price dropped by 13.37%, with a month on month increase of 1.53% and a year-on-year decrease of 36.87%.
As of the closing of October 17, the methanol futures of Zhengzhou Commodity Exchange had been volatile. The MA2301 contract was opened at 2730 yuan/ton, the highest price was 2746 yuan/ton, the lowest price was 2654 yuan/ton, and the closing price was 2667 yuan/ton, down 67 yuan/ton from the closing of the previous trading day. As of the closing, the position of the MA2301 contract was 1.1945 million hands, up 129100 hands from the previous trading day.
Summary of methanol market prices by regions as of October 17:
Region, price
Qinghai region, no quotation
Shanxi, 2720 yuan/ton
Liaoning, about 2830-2900 yuan/ton
Fujian, 2850-2880 yuan/ton
In the two lakes region, about 3150-3185 yuan/ton
Anhui Province, about 2900-2950 yuan/ton
Henan Province, about 2740-2750 yuan/ton
The price of methanol industrial chain products rose and fell, the price of natural gas, the upstream product of methanol, fell, the average price of coal continued to rise, and the cost of methanol was well supported; Shandong has the largest increase in formaldehyde price among downstream products; Among related products, Shandong’s ethylene glycol price rose the most.
In terms of external market, as of October 14, the closing price of CFR Southeast Asia methanol market was 369.50-370.50 dollars/ton, up 5 dollars/ton. US Gulf Methanol Market closed at 108.75-109.75 cents/gallon; FOB Rotterdam methanol market closed at 351.50-352.50 euros/ton, up 0.75 euros/ton.
Region, country, closing price, up and down
Asia, CFR Southeast Asia, 369.50-370.50 USD/ton, 5 USD/ton
Europe, America, Gulf of America, 108.75-109.75 cents/gallon, 0 cents/gallon
Europe, FOB Rotterdam, 351.50-352.50 euros/ton, 0.75 euros/ton
The firm coal price will continue to support the production cost of enterprises. At the same time, the supply will be further increased. Methanol analysts of the business community predict that the domestic methanol market may be dominated.
| http://www.thiourea.net |