According to the Commodity Market Analysis System of Shengyi Society, from June 9th to 13th (as of 10:00), the average price of methanol in East China ports in the domestic market increased from 2331 yuan/ton to 2480 yuan/ton, with a price increase of 6.39% during the period, a month on month increase of 1.07%, and a year-on-year decrease of 3.12%. The domestic methanol market is mainly strong, with production enterprises and port quotations increasing to varying degrees.

As of the close on June 12th, the closing price of methanol futures on Zhengzhou Commodity Exchange has risen. The main contract for methanol futures, 2509, opened at 2295 yuan/ton, with a highest price of 2307 yuan/ton and a lowest price of 2280 yuan/ton. It closed at 2290 yuan/ton in the closing session, up 10 yuan/ton from the previous trading day’s settlement, or 0.44%. The trading volume is 548300 lots, the open position is 809827, and the daily increase is -17645.
On the cost side, the strong supply and weak demand in the coal market continue to weaken the cost support for methanol, and the price decline still exerts pressure on methanol prices. The cost of methanol is influenced by negative factors.
On the demand side, formaldehyde: Formaldehyde plants are mostly maintained steadily with abundant supply, and downstream customers receive goods according to their own needs. The market’s buying and selling sentiment is flat, and the formaldehyde market mostly maintains shipment according to orders, with limited price fluctuations. Dimethyl ether: The production of dimethyl ether enterprises is relatively low, and most enterprises mainly sell inventory. Downstream demand is severely constrained, and the market supply and demand are weak. Most downstream products have little fluctuation in methanol demand, and the impact on methanol demand is mixed.
On the supply side, the recovery of equipment exceeds the loss, resulting in an increase in capacity utilization. Negative factors affecting the methanol supply side.
In terms of external markets, as of the close of June 12th, the CFR Southeast Asian methanol market closed at $321.50-322.50 per ton. The closing price of the US Gulf methanol market is 79.00-80.00 cents per gallon; The closing price of FOB Rotterdam methanol market is 275.50-276.50 euros/ton.
Future forecast, currently the main focus is on destocking. Business Society’s methanol analyst predicts that the domestic methanol spot market will experience fluctuations and consolidation.