Tidying up the domestic methanol market

The domestic methanol market fluctuated slightly, mainly due to supply and demand. The supply is abundant, but the existing demand has not been significantly boosted, and the short-term domestic methanol market is mainly weak.

 

Thiourea

According to the monitoring data of the business community, the average price of East China ports in the domestic methanol market fell from 2799 yuan/ton to 2793 yuan/ton from November 14 to 21 (as of 10:00 a.m.). During the cycle, the price dropped by 0.31%, 3.48% month on month and 1.64% year on year.

 

According to the monitoring data of the business community, the average price of domestic methanol production enterprises fell from 2833 yuan/ton to 2793 yuan/ton from November 14 to 20. During the cycle, the price fell by 1.41%, 3.12% month on month and 1.64% year on year.

 

As of the closing of November 18, the methanol futures of Zhengzhou Commodity Exchange had fluctuated at a high level. The MA2301 contract was opened at 2535 yuan/ton, the highest price was 2616 yuan/ton, the lowest price was 2500 yuan/ton, and the closing price was 2598 yuan/ton, up 57 yuan/ton from the closing of the previous trading day. As of the closing, the position of the MA2301 contract was 1.1163 million hands, down 3400 hands from the previous trading day.

 

Summary of methanol market prices by regions by 11.18:

 

Region,. Price

Shanxi,. 2480-2490 yuan/ton

Liaoning, about 2670 yuan/ton

In Anhui, about 2740-2800 yuan/ton

Henan Province,. 2550 yuan/ton

 

The price of products in the methanol industry chain is up and down, the price of products in the methanol industry chain is up and down, the price of natural gas in the upstream product of methanol is stable, the price of coal is down, and the support for methanol cost is weaker; The price of downstream product East China glacial acetic acid dropped the most; The price of urea in Shandong Province rose the most among related products.

 

In terms of external market, as of November 18, the closing price of CFR Southeast Asia methanol market was USD 364.50-365.50/ton. US Gulf Methanol Market closed at 93.75-94.75 cents/gallon; FOB Rotterdam methanol market closed at 317.75-318.75 euros/ton, down 0.5 euros/ton.

 

Region../Country./Closing Price./Up and Down

Asia./CFR Southeast Asia./364.50-365.50 USD/ton./- 2 USD/ton

Europe and America./American Gulf./93.75-94.75 cents/gallon./- 1 minute/gallon

Europe./FOB Rotterdam./317.75-318.75 EUR/ton./-0.5 EUR/ton

There is abundant supply and little change in demand. The transportation in some areas is not smooth. Methanol analysts of the business community predict that the domestic methanol market may be dominated by weak ones.

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