Last week, the domestic methanol market rose in a narrow range. According to the price monitoring of SunSirs, the average price of domestic methanol market at the beginning of the week was 1,680 RMB/ ton, and the price of domestic methanol market at the weekend was 1,727 RMB/ ton, up 2.83% in the week. The price was 0.11% higher than that of the same period last month, and 23.22% lower than that of the same period last year.

Market Analysis

Industry chain: formaldehyde: the domestic formaldehyde market continued to rise last week. Affected by the recovery charge of Expressway and replenishment after May Day holiday, the price of methanol products in the upstream increased. However, the demand for downstream terminals is not satisfactory, and most of the wood board factories continue to limit their export orders, and the resumption plan of the enterprises has been delayed again.

Acetic acid: last week, the domestic acetic acid market continued to rise. During the May Day holiday, the spot supply in Henan market slightly stepped up, and the suppliers pushed up the offer, driving the market transaction price gradually higher, and then the peripheral low-end suppliers gradually increased. The main manufacturers in East China were short of supplies. The spot manufacturers in Central China and Shandong can sold a small amount of goods. The spot circulation in the market was limited. Some traders and the downstream replenishment after the holiday are active, which promoted the acetic acid market to rise smoothly after the holiday.

DME: the trading atmosphere of domestic DME Market changed from weak to strong last week, and the price gradually increased. During the May Day holiday, the delivery of DME was generally low. First, the price of crude oil continued to decline, which led to the decrease of LPG price, thus affecting the purchasing confidence of traders. In addition, the market had a mentality of buying up but not buying down. During the period of price reduction, traders had a strong wait-and-see mood. Last week, about 14.82% of domestic DME was started, down 0.20% from the previous week.

Matket Forecast

From the perspective of SunSirs: on the supply side, although some manufacturers were still in maintenance status last week, considering that there are also many re-production units in the near future, the overall supply is still sufficient; on the port side, there are still many late arrival forecasts, and the port inventory pressure is large; on the olefin side, with the recovery of two sets of MTO equipment, the market is supported, but the cost of oil to olefin is greatly reduced due to the low price of crude oil At the same time, traditional downstream demand is expected to reduce. Methanol analysts of SunSors predict that the methanol market will return to a weak position this week, and the price is expected to fall.

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