The domestic methanol market in East China fell back. Before the National Day, due to the availability of goods before the festival and the tight supply and demand in some regions, the domestic methanol market price rose sharply, and the port price broke the 3,000 RMB/ ton mark. With the increase of arrival and inventory in some regions, as well as the consumption of pre holiday stock in downstream areas after the holiday, the methanol price market has turned "upside down". After the festival, the domestic methanol market continued to decline unilaterally, and the quotations of manufacturers were also lowered for many times. The market atmosphere was "calm".

According to the monitoring data of SunSirs, the average price of East China ports in the domestic methanol market fell from 3,246 RMB/ ton to 2,812 RMB/ ton from October 8 to 17. During the cycle, the price dropped by 13.37%, with a month on month increase of 1.53% and a year-on-year decrease of 36.87%.

As of the closing of October 17, the methanol futures of Zhengzhou Commodity Exchange had been volatile. The MA2301 contract was opened at 2,730 RMB/ ton, the highest price was 2,746 RMB/ ton, the lowest price was 2,654 RMB/ ton, and the closing price was 2,667 RMB/ ton, down 67 RMB/ ton from the closing of the previous trading day. As of the closing, the position of the MA2301 contract was 1.1945 million hands, up 129,100 hands from the previous trading day.

The price of methanol industrial chain products rose and fell, the price of natural gas, the upstream product of methanol, fell, the average price of coal continued to rise, and the cost of methanol was well supported; Shandong has the largest increase in formaldehyde price among downstream products; Among related products, Shandong's ethylene glycol price rose the most.

In terms of external market, as of October 14, the closing price of CFR Southeast Asia methanol market was 369.50-370.50 dollars/ton, up 5 dollars/ton. US Gulf Methanol Market closed at 108.75-109.75 cents/gallon; FOB Rotterdam methanol market closed at 351.50-352.50 euros/ton, up 0.75 euros/ton.

The firm coal price will continue to support the production cost of enterprises. At the same time, the supply will be further increased. SunSirs methanol analysts predict that China domestic methanol market may be dominated.

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