Cost and demand are weak, and the methanol market is “lack of Stamina”

This week, the domestic methanol market has a slight upward trend, but the momentum is insufficient and the upward trend is weak. The main reasons are the following two aspects: one is that the cost has fallen significantly, and the chemical coal at the pit mouth has weakened; On the other hand, demand continues to be weak and market confidence is insufficient.

 

According to the monitoring data of business agency, from July 18 to 25, the average price of domestic methanol market rose from 2393 yuan / ton to 2432 yuan / ton, with a price increase of 1.62% during the cycle, and the price fell by 3.47% month on month and 5.90% year-on-year.

 

As of the closing on July 25, methanol in Zhengzhou Commodity Exchange continued to fluctuate. Ma2209 contract opened at 2445 yuan / ton, with the highest price of 2505 yuan / ton and the lowest price of 2425 yuan / ton. It closed at 2429 yuan / ton, down 27 yuan / ton from the closing of the previous trading day. As of the closing, ma2209 contract holdings were 1017500 hands, down 117300 hands from the previous trading day.

 

As of July 25th, the summary of methanol market prices in various regions:

 

Region, price

Qinghai region. No quotation at present

Shanxi Province, 2340-2390 yuan / ton

Liaoning region, 2650 yuan / ton, factory delivery

Fujian. The mainstream negotiation is 2430-2470 yuan / ton

In the two lakes region, the mainstream enterprises negotiate and refer to about 2400-2430 yuan / ton

In Anhui Province, the negotiation of mainstream enterprises is about 2370-2500 yuan / ton

In Henan Province, the shipment price of some enterprises is 2530 yuan / ton

The price of natural gas, the upstream product of methanol, was stable, the price of coal fell narrowly, and the cost support of methanol weakened; The price of East China glacial acetic acid, the downstream product, fell the most; Among related products, the price of urea in Shandong increased the most.

 

povidone Iodine

In the external market, as of the closing on July 22, CFR Southeast Asia methanol market was $358.00-359.00/t, down $2 / T. The closing price of the US Gulf methanol market was 111.50-112.00 cents / gallon; The closing quotation of FOB Rotterdam methanol market is 350.50-351.00 euros / ton.

 

Region, country, closing price, rise and fall

Asia, CFR Southeast Asia, 358.00-359.00 USD / ton, -2 USD / ton

Europe, America, Gulf of America, 111.50-112.00 cents / gallon, 0 cents / gallon

Europe, FOB Rotterdam, 350.50-351.00 euros / ton, 0 euros / ton

The production cost of methanol has weakened, the supply of methanol is relatively stable, and the downstream demand has not changed significantly, so it is necessary to purchase more rigid materials. Methanol analysts of the business club expect that the domestic methanol market will be mainly sorted out in the short term.

http://www.lubonchem.com/

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