The domestic methanol market fluctuated slightly, mainly due to supply and demand. The supply is abundant, but the existing demand has not been significantly boosted, and the short-term domestic methanol market is mainly weak.

According to the monitoring data of SunSirs, the average price of East China ports in the domestic methanol market fell from 2,799 RMB/ ton to 2,793 RMB/ ton from November 14 to 21 (as of 10:00 a.m.). During the cycle, the price dropped by 0.31%, 3.48% month on month and 1.64% year on year.

According to the monitoring data of SunSirs, the average price of domestic methanol production enterprises fell from 2,833 RMB/ ton to 2,793 RMB/ ton from November 14 to 20. During the cycle, the price fell by 1.41%, 3.12% month on month and 1.64% year on year.

As of the closing of November 18, the methanol futures of Zhengzhou Commodity Exchange had fluctuated at a high level. The MA2301 contract was opened at 2,535 RMB/ ton, the highest price was 2,616 RMB/ ton, the lowest price was 2,500 RMB/ ton, and the closing price was 2,598 RMB/ ton, up 57 RMB/ ton from the closing of the previous trading day. As of the closing, the position of the MA2301 contract was 1.1163 million hands, down 3,400 hands from the previous trading day.

The price of products in the methanol industry chain is up and down, the price of products in the methanol industry chain is up and down, the price of natural gas in the upstream product of methanol is stable, the price of coal is down, and the support for methanol cost is weaker; The price of downstream product East China glacial acetic acid dropped the most; The price of urea in Shandong Province rose the most among related products.

In terms of external market, as of November 18, the closing price of CFR Southeast Asia methanol market was USD 364.50-365.50/ton. US Gulf Methanol Market closed at 93.75-94.75 cents/gallon; FOB Rotterdam methanol market closed at 317.75-318.75 euros/ton, down 0.5 euros/ton.

There is abundant supply and little change in demand. The transportation in some areas is not smooth. SunSirs methanol analysts predict that China domestic methanol market may be weak in short term.

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