China domestic methanol market is rising, and some manufacturers raised the ex-factory quotations by 50-80 RMB/ ton. According to the monitoring data of SunSirs, at the beginning of last week, the average price of methanol producers in Shandong was 2,107 RMB/ ton, and at the end of last week, the average price of methanol producers in Shandong was 2,130 RMB/ ton, with an increase of 1.07% during the week, 1.43% on a month on month basis, and 0.24% on a year-on-year basis.
Last week, the domestic methanol market as a whole was relatively strong, and the prices in the mainland and ports rose differently. Among them, the mainland market is affected by the gas restriction in Southwest China and the maintenance of some devices. The market atmosphere is good, and the upstream shipment is smooth. Some enterprises have stopped selling or limited sales to ensure long-term supply.
On the external side, as of December 10, the closing price of CFR China methanol was $271.50-272.50/ ton, up $5/ ton; CFR Southeast Asia methanol closing price was $302.50-303.50 dollars / ton. The U.S. Gulf methanol closed at 117.75-118.25 Cents/ gallon; FOB Rotterdam methanol closed at 334.50-335.50 Euro/ ton, up 10 Euro/ ton.
From the future market, on the positive side, some enterprises in Southwest China have shut down or reduced production load; some enterprises have stopped selling or restricted sales, and the supply side has been tightened; the trend of coal and natural gas is stronger, and the methanol cost side is better supported. On the negative side, under the influence of low temperature, some formaldehyde enterprises started to reduce their production, and the overall demand was general; Ningbo Fude 600,000 ton/ year DMTO plant had a maintenance plan in January, and the olefin demand declined in the later stage; the downstream still had a mentality of resistance to high prices, and the mentality of the middle and lower reaches was weak. SunSirs methanol analysts predict that the short-term China domestic methanol market is dominated by an upword trend.
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