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SunSirs: Methanol Market Prices Rose Again
April 19 2021 10:37:29SunSirs(HU)

Recently, the domestic methanol spot market rose again. According to the SunSirs monitoring, As of April 16, the average price of domestic methanol producers in Shandong was 2390 RMB/ton, with a month-on-month decline of 1.44% and a year-on-year increase of 33.71%. This week, the methanol market first weakened and then strengthened, mainly because the expected increase in supply depressed the mentality of the traders, but the lower inventory in the mainland and ports and some olefins mining supported the mentality in the later period. The methanol market fell first and then rose, the supply was too high. The prominent contradiction between supply and demand led to the weak operation of the domestic methanol market. The inventory of enterprises in the northwest of the main producing area is not high. In addition, some olefin units are supported by methanol, and some upstream enterprises have a strong mentality.

As of April 16, summary of methanol market prices in various regions:

Region

Price

Qinghai area

1920-1980 RMB / ton of factory cash exchange

Shanxi area

2200 RMB / ton factory draw spot exchange

Liaoning area

2280-2330 RMB / ton of factory delivery

Fujian area

2650-2660 RMB / ton around the tank including tax

 Hnbei and Hunan

factory reference 2310-2360 RMB / ton factory spot exchange

Anhui area

2380-2400 RMB / ton of factory acceptance

Henan area

2280-2285 RMB / ton of factory spot exchange

Downstream, dimethyl ether market narrow shock running, the general market atmosphere. MTBE market continued to rise, with an increase of 50-100 RMB / ton. The formaldehyde market is stable and falling. The upstream methanol is up in a narrow range, which is strongly supported by the cost side. The regional rise of domestic acetic acid market continued.

External market, As of April 15, CFR China methanol closed at $293.00- $294.00 / ton, up $2 / ton; CFR Southeast Asia Methanol $370.00- $371.00 / ton. US Gulf methanol closed at 120.00-121.00 Cents / gallon; FOB Rotterdam methanol closed at 320.00-321.00 Euros / ton.

Region

countries

Closing price

Rise and fall

Asia

CFR China

293.00-294.00 USD/ton

2 USD/ton

Asia

CFR Southeast Asia

370.00-371.00 USD/ton

6.5 USD/ton

Europe and America

Us Gulf

120.00-121.00 Cents/Gallon

0 Cents /Gallon

Europe

FOB Rotterdam

320.00-321.00 Euros/ton

0 Euros/ton

In the future, On the spot side, the northwest enterprises' inventory is not high, coupled with the support of methanol production from some olefin plants, some upstream enterprises have a strong mentality. In the later period, marginal supply tends to increase, and marginal demand has no obvious change temporarily. A methanol analyst at the SunSirs, Short-term domestic methanol market is mainly arranged

 

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