The domestic methanol market was shaken and sorted out, and the overall trading situation was deadlocked. At present, the supply and demand of the methanol market are weak, and traders are mostly cautious and wait-and-see.
According to the monitoring data of SunSirs, from August 15 to 22, the average price of domestic methanol market fell from 2,462 RMB/ ton to 2,458 RMB/ ton, falling first and then rising, with a warming trend. During the period, the price decreased by 0.15%, the price increased by 0.46% month on month and decreased by 4.61% year on year.
As of the closing of August 22, methanol futures in Zhengzhou Commodity Exchange fluctuated narrowly. The MA2301 contract opened at 2,440 RMB/ ton, the highest price was 2,503 RMB/ ton, the lowest price was 2,429 RMB/ ton, and the last price was 2,488 RMB/ ton, an increase of 46 RMB/ ton compared with the closing of the previous trading day. As of the closing, the position of MA2301 contract was 1,029,500 lots, a decrease of 186,100 lots compared with the previous trading day.
The price of products in the methanol industry chain fluctuated. The price of natural gas, the upstream product of methanol, was stable, while the price of coal increased in a narrow range. The cost of methanol was strongly supported; The price of the downstream product East China glacial acetic acid dropped the most; Among the related products, the price of Shandong glycol dropped the most.
In terms of external market, as of the closing on August 22, the closing price of CFR Southeast Asia methanol market was 351.00-352.00 USD/ ton. The closing price of US Gulf methanol market is 105.50-106.50 cents/ gallon; The FOB Rotterdam methanol market closed at 357.50-358.50 euros/ ton, down 1 euro/ ton.
The international oil price fluctuates around 90 USD/ barrel, the supply has not been restored, and the load of the downstream product olefin unit may be increased. SunSirs methanol analysts predict that China domestic methanol market may fluctuate slightly in the short term.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.