Methanol market fluctuates in a narrow range

In the first week after the festival, the methanol market fluctuated in a narrow range and the transaction volume was poor. The downstream inventory is high, resulting in poor replenishment enthusiasm. The impact of the Winter Olympics and some maintenance on the downstream is greater than that on the upstream. After the factory prices of factories in the main production areas in the mainland rose sharply, the mainstream transaction was poor. Under the background of shipping pressure and the downward futures market, the domestic methanol market price opened a sharp correction.

 

Melamine

According to the monitoring data of business agency, from January 31 to February 11, the average price of domestic methanol production enterprises increased from 2682 yuan / ton to 2745 yuan / ton. During the cycle, the price increased by 2.33%, 13.43% month on month and 21.86% year-on-year.

 

As of the closing on February 11, methanol futures in Zhengzhou Commodity Exchange fell violently. Ma2205 contract opened at 2821 yuan / ton, with the highest price of 2825 yuan / ton and the lowest price of 2705 yuan / ton. It closed at 2706 yuan / ton, down 88 yuan / ton compared with the closing of the previous trading day. As of the closing, ma2205 contract position was 917700 hands, an increase of 31000 hands compared with the previous trading day.

 

Summary of methanol market prices in various regions as of February 11:

 

Region, Price

Qinghai region No quotation

Shanxi region . 2400-2430 yuan / ton factory withdrawal cash exchange

Liaoning region . 2550 yuan / ton to cash exchange

Fujian Province RMB 2830-2850 yuan / ton, ex warehouse cash exchange nearby

Lianghu area Ex factory reference 2750-2800 yuan / ton factory withdrawal cash exchange

Anhui Province 2820-2850 yuan / ton factory acceptance

Henan Province 2550 yuan / ton factory withdrawal cash exchange

Benzalkonium chloride

The prices of products in the methanol industry chain rose and fell, the coal price of methanol upstream products fell, the price of natural gas was stable, and the cost of methanol was generally supported; Among downstream products, the price of formaldehyde in Shandong increased the most; Among related products, Shandong ethylene glycol has the largest price increase.

 

In terms of external market, as of the closing on February 10, the closing price of CFR Southeast Asia methanol market was US $425.00-426.00/ton. US Gulf methanol market closed at 123.25-123.75 cents / gallon; FOB Rotterdam methanol market closed at 368.00-368.50 euros / ton.

 

region ., country., Closing price, Rise and fall

Asia . CFR Southeast Asia . 425.00-426.00 USD / ton . USD 0 / ton

Europe and America . US Gulf . 123.25-123.75 cents / gallon 0 cents / gallon

Europe FOB Rotterdam 368.00-368.50 euros / ton . 0 euro / ton

Coal may support or weaken the production cost of methanol. In terms of fundamentals, the marginal increment of supply may be limited, and the demand side has little change. Methanol analysts of business society expect that the domestic methanol market will be mainly sorted out in the short term.

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