In May, the domestic methanol market continued to decline after rebounding. According to the price monitoring of SunSirs, the average price of domestic methanol market at the beginning of the month was 1,657 RMB/ ton, and the price of domestic methanol market at the end of the month was 1,620 RMB/ ton, with a decrease of 2.26% in the month, with maximum amplitude of 6.36%. The price was 30.59% lower than that of the same period last year.

In May, the domestic methanol market showed a trend of narrow fluctuation, and the mainland market hit the bottom again in the middle and late ten days. On the return of May Day holidays, affected by the centralized maintenance of the units in southern Shandong, the price was relatively firm in the first ten days. However, with the new methanol unit in Baofeng, Ningxia put into operation and the restart time of Shenhua Yulin delayed, the market began to decline, and the lowest price in Northern Shaanxi and Inner Mongolia dropped to 1,300 RMB/ ton. With the buyer's bottoming sentiment highlighted, the methanol price has stabilized and rebounded. The fluctuation of the port was limited, and the fluctuation in the month was limited to 70 RMB/ ton.

According to the price monitoring of SunSirs, in May 2020, there were 47 kinds of commodities in the list of commodity prices rising and falling, including 31 kinds of commodities with an increase of more than 5%, accounting for 34.4% of the number of commodities monitored in the plate; the top three commodities were ethylene (69.89%), trichloromethane (67.86%) and crude benzene (24.52%). There were 37 kinds of commodities decreased on a month on month basis, 16 kinds of commodities decreased by more than 5%, accounting for 17.8% of the number of commodities monitored in this sector; the top three products decreased were R134a (-15.67%), potassium chloride (-15.14%) and propane (-11.97%). Last month, the average rise and fall was 3.66%.

At present, the port's methanol inventory is still at a high level, and the shortage of storage capacity is prominent. In this context, it is difficult for the domestic methanol market to open an upward channel. However, when it falls to the heart price of some businesses, the bottom reading sentiment drives the market to rebound slightly. The methanol analyst of SunSirs predict that the domestic methanol market in June is mainly volatile, which is difficult to fluctuate significantly.

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