Price trend
According to the monitoring data of the business agency, the average domestic methanol market price on June 16 was 2,715 RMB/ton, which was stable compared with the previous trading day and increased by 6.89% year-on-year.
On June 16, the methanol futures of Zhengzhou Commodity Exchange fluctuated weakly. The closing price of MA2009, the main contract, was 2,807 RMB/ton, down 35 RMB/ton or 3.64% from the closing price of the previous trading day.
Analysis review
Recently, oil prices have fallen, and commodities such as plastics and PP have been linked to a decline in methanol futures. In terms of spot, the production cost of methanol has weakened slightly, but the fundamentals have not changed significantly.
Market outlook
The domestic methanol market may be stable in the near future.
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