In August, the domestic methanol market fluctuated narrowly. According to the monitoring data of SunSirs, the methanol market in East China was 2,555 RMB/ ton at the beginning of August, and the price was 2,540 RMB/ ton at the end of the month. The price fell by 0.59% within the month, with a maximum amplitude of 6.48%, and a year-on-year decrease of 1.77%.

According to the price monitoring of SunSirs, in the list of bulk commodity prices in August 2022, there were 9 kinds of commodities in the energy sector that increased month on month, of which 5 kinds increased by more than 5%, accounting for 38.5% of the monitored commodities in this sector; The top three commodities with growth rates were diesel (12.09%), gasoline (10.91%) and DME (7.04%). There were 4 commodities with a month on month decline, and 3 commodities with a decline of more than 5%, accounting for 23.1% of the monitored commodities in this sector; The products with the top three declines were LNG (-9.63%), WTI crude oil (-7.08%) and Brent crude oil (-5.90%). The average increase/ decrease in August was 1.84%.

At the beginning of August, the domestic methanol market was dominated by narrow fluctuations. Both the producer and the port import source prices rose or fell slightly. Although the high price of coal seems to drive the methanol market up, the demand is low, which restricts the development of the whole industrial chain.

In the first ten days of August, the domestic methanol market fluctuated at a low level, the transaction was general, and the traders just needed to replenish, so they were in a bad mood. The manufacturer narrowly adjusts the external quotation, ranging from 20-50 RMB/ ton, which has little impact on the trade market.

In mid August, the domestic methanol market was shaken and sorted out, and the overall trading situation was deadlocked. At present, the supply and demand of methanol market are both weak, and traders are mostly cautious and wait-and-see.

In late August, the price focus of domestic methanol market rose, the rebound of crude oil and coal boosted, the futures market rose, and the inventory of manufacturers was low. Traders had a rising mood.

According to the price monitoring of SunSirs, in August 2022, there were 5 kinds of goods rising, 3 kinds of goods falling, and 0 kinds of goods rising or falling. The main commodities that rose were DME (7.04%), chloroform (4.63%), formaldehyde (3.87%); The main commodities that fell were acetic acid (-9.25%), DMF (-5.56%), methanol (-0.59%). The average increase/ decrease in August was 0.4%.

In the external market, as of the closing on September 1, the closing price of CFR Southeast Asia methanol market was 353.00-354.00 US dollars/ ton. US Gulf methanol market closed at 105.75-106.75 cents/ gallon, down 2 cents/ gallon; The FOB Rotterdam methanol market closed at 359.50-360.50 euros/ ton, down 1 euro/ ton.

Both short-term supply and demand have increased. SunSirs methanol analysts predicted that China domestic methanol market in the short term might be dominated by shocks.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.