This week, the domestic methanol market was mainly weak. According to the monitoring data of the business community, the average price of methanol producers in Shandong was 2282 yuan / ton at the beginning of the week, and 2270 yuan / ton at the end of the week. The price fell by 0.55% in the week, increased by 7.58% month on month, and increased by 3.42% year on year.

As of 1.8, methanol market price summary by Region:

Region, price

Qinghai Area/

Shanxi Province 2100-2130 yuan / ton cash out

Liaoning area: RMB 2220 / T

Fujian area: 2600-2650 yuan / ton

RMB 2450 / T in the two lakes area

Anhui: 2340-2380 yuan / ton

Henan Province: 2230-2250 yuan / ton

This week, the domestic methanol market showed a general performance, and the prices of the mainland and ports all declined. The overall situation of the mainland has declined due to the shrinking olefin procurement in Northwest China and the weak demand in Hebei and Shandong. The blockade of some road sections has affected the flow of goods in some areas of Inner Mongolia, Shaanxi and Shanxi, but the degree of impact is uncertain at present.

In terms of external market, as of January 7, the closing price of methanol in CFR China was US $304.50-305.50/t, and that in CFR Southeast Asia was US $369.50-370.50/t. US Gulf methanol closed at 113.75-114.25 cents per gallon, while FOB Rotterdam methanol closed at 343.50-344.50 euros per ton, down 3 euros per ton.

In the future, new units such as Yanchang Zhongmei Yulin and Shenhua Yulin are put into operation, the supply side is expected to increase, the downstream inventory is on the high side, and the overall demand is relatively limited. Business community methanol analysts expect that the domestic methanol market will be weak in the short term, mainly downward.