The methanol market fell significantly this week. The shipments of mainland enterprises were general, the inventory increased, traders waited and waited, the downstream demand entered the off-season, the coal price fell, and the methanol cost weakened.
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According to the monitoring data of business agency, from December 17 to December 24, the average price of domestic methanol production enterprises fell from 2632 yuan / ton to 2450 yuan / ton. During the cycle, the price fell 6.93%, the price fell 11.92% month on month, and the year-on-year increase was 4.03%.
As of the closing on December 24, the main contract of methanol futures ma2201638 yuan / ton of Zhengzhou Commodity Exchange, up 11 yuan / ton compared with the closing of the previous trading day.
Summary of methanol market prices in various regions as of December 24:
Region, Price
Qinghai region No quotation
Shanxi region 2350 yuan / ton factory withdrawal cash exchange
Liaoning region 2470-2480 yuan / ton
Fujian region 2760-2780 yuan / ton, ex warehouse cash exchange nearby
Lianghu area Ex factory reference: 2475-2650 yuan / ton factory withdrawal cash exchange
Anhui region 2680-2700 yuan / ton factory acceptance
Henan region 2520 yuan / ton factory withdrawal cash exchange
The price of methanol industrial chain products rose and fell, the coal price of methanol upstream products fell, the price of natural gas was stable, and the support for methanol cost was weak; Among downstream products, the price of methane chloride in Shandong increased the most; Among related products, Shandong ethylene glycol has the largest price increase.
Comparison chart of coal / steam coal (upstream raw material) – methanol price trend of business community:
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Comparison chart of natural gas (upstream raw material) – methanol price trend of business community:
In terms of external market, as of the closing on December 16, the closing price of CFR Southeast Asia methanol market was US $403.50-404.50/t, down US $15.5/t. US Gulf methanol market closed at 111.00-112.00 cents / gallon; The closing price of FOB Rotterdam methanol market was 362.50-363.50 euros / ton, down 1 euro / ton.
region ., country., Closing price, Rise and fall
Asia CFR Southeast Asia 403.50-404.50 USD / ton – 15.5 USD / ton
Europe and America American Gulf 111.00-112.00 cents / gallon 0 cents / gallon
Europe FOB Rotterdam 362.50-363.50 euros / ton – 1 euro / ton
Macro and coal prices are weak or support methanol is limited. From the fundamental point of view, the supply is relatively abundant, and the decline of traditional downstream expectations leads to the weakening of the demand side. Methanol analysts of business society expect that the domestic methanol market will be depressed in the short term.
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