From May 8th to 15th (as of 15:00), the domestic methanol market in East China port prices rose from 3111 yuan/ton to around 3137 yuan/ton, with a price increase of 0.83% during the cycle, a maximum amplitude of 1.90%, a month on month decrease of 6.63%, and a year-on-year increase of 22.95%. The domestic methanol market is mainly running weakly. Although there are still a large number of mainland sources to supplement, the amount of foreign arrivals is low, and the export volume is high. The methanol inventory at ports has significantly decreased, which provides some support for the market. However, the downstream demand is in the off-season, and the market purchasing power is poor, which has dragged the market down and caused price fluctuations and downward movements.

As of the close on May 15th, the closing price of methanol futures on Zhengzhou Commodity Exchange has risen. The main contract for methanol futures, 2609, opened at 2850 yuan/ton, with a highest price of 2935 yuan/ton and a lowest price of 2850 yuan/ton. It closed at 2907 yuan/ton at the end of the trading day, an increase of 23 yuan or 0.80% compared to the settlement of the previous trading day. The trading volume is 779879, the position is 693841, and the daily increase is 17227.
On the cost side, coal has basically maintained a balance between production and sales, with cautious and conservative terminal procurement, and strong prices providing support for methanol. The cost of methanol is influenced by favorable factors.
On the demand side, from the downstream perspective, the market price of acetic acid continues to decline, the formaldehyde market is consolidating horizontally, and the dimethyl ether market is running steadily. Most downstream products are affected by methanol prices, and the demand for methanol is biased towards negative factors.
On the supply side, the overall device loss exceeds the recovery amount, resulting in a decrease in production and a decrease in capacity utilization. The supply of methanol is affected by favorable factors.
In terms of external trading, as of the close on May 14th, CFR Southeast Asia methanol market closed at 632-634 US dollars per ton. The FOB US Gulf methanol market closed at 161-163 cents/gallon, down 1 cent/gallon; The European FOB Rotterdam methanol market closed at 526-528 euros/ton, up 1 euro/ton.
In the future, it is predicted that the domestic methanol market will repeatedly play a game between cost support, supply contraction, and weak demand in the near future. Overall, the methanol analyst from Shengyi Society predicts that the domestic methanol spot market will mainly consolidate.