Recently, the domestic methanol spot market has risen slowly. According to the monitoring of the SunSirs, as of April 14, the average price of domestic methanol producers in Shandong was 2370 RMB/ton, with a month-on-month decline of 3.27% and a year-on-year increase of 32.40%. Due to low inventory and limited supply of goods available for sale, the prices of some manufacturers in the northwest have been constantly raised, while those in the inland areas have followed, but the price increase is moderate.

Market price summary of methanol by region as of April 14:

Downstream, the overall decline in the formaldehyde market, enterprise shipments in general. Dimethyl ether market price trend is stable, individual small rise, transaction atmosphere turns pale compared with earlier period. MTBE market continues to rise, increase in 50-300 RMB/ton. Regional rise in domestic acetic acid market, market supply continues to be tight, manufacturers quote low-end supplement mainly, the overall price to maintain high-end firm.

In terms of external market, as of April 13, the closing price of CFR China methanol was 290.00-291.00 US dollars / ton; CFR Southeast Asia methanol was 369.50-370.50 US dollars / ton. Methanol in the US Gulf closed at 120.00-121.00 cents / gallon; FOB Rotterdam closed at 320.00-321.00 Euros / ton, down 4 Euros / ton.

In the future, except for the planned maintenance of sporadic devices such as Northwest Energy, most of the devices are operating stably, and with the planned recovery of some devices such as Jiutai and Xinao, the supply in the mainland tends to increase. In addition, imports are expected to increase in April. Business group methanol analysts are expected to short - term domestic methanol market situation consolidation.

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