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SunSirs: Futures Down the Methanol Spot Market Shock Collation
June 03 2021 10:54:32SunSirs(HU)

On June 2, methanol futures of Zhengzhou Commodity Exchange fell sharply, closing at 2506 RMB/ton, down 49 RMB/ton or 1.92% compared with the closing of the previous trading day. Methanol spot market was mainly volatile, with a slight decline in some areas. According to the monitoring of SunSirs, as of June 2, the average price of domestic methanol production enterprises in Shandong was 2632 RMB/ton, with a month on month increase of 2.83% and a year-on-year increase of 64.02%.

This week, methanol producers in Northwest China, the main methanol producing area, lowered their prices, but the shipment situation was different. Traders were cautious, and the downstream receiving sentiment was general.

As of 6.2, methanol market price summary by Region:

Region

The price

Qinghai region

2180-2270 RMB/ton of factory spot exchange

Shanxi region

2150-2390 RMB/ton

Liaoning region

2420-2450 RMB/ton factory delivery

Fujian region

2780 RMB/ton

Hnbei and Hunan

About 2550-2560 RMB/ton

Anhui region

2630-2650 RMB/ton of factory acceptance

Henan region

2450 RMB/ton

In the downstream, formaldehyde market overall fell, market trading investment was slightly general; The market of DME is stable, medium and downward, and the market turnover atmosphere is mild; Domestic acetic acid market is on the lookout. At present, traders are short of the market, more wait and wait for upstream price adjustment to match the market.

In terms of external market, as of June 2, the closing price of CFR China methanol was 312.00-313.00 US dollars/ton, down 2 US dollars/ton; CFR Southeast Asia methanol market closing price 361.00-362.00 USD/ton. The US Gulf methanol market closed at 106.50-107.50 cents per gallon; the closing price of FOB Rotterdam methanol market is 300.50-301.50 Euro/ton.

Region

Countries

Closing price

Rise and fall

Asia

CFR China

$312.00- $313.00 /ton

-$2 per ton

Asia

CFR southeast Asia

USD 361.00-362.00 /ton

$0 per ton

Europe and America

The us gulf

106.50 to 107.50 cents per gallon

/ cent/gallon

The European

FOB Rotterdam

EUR 300.50-301.50 /ton

/ Euro/ton

Methanol futures adjustment, methanol spot market up weak, the demand side is difficult to have a big boost in the short term, business methanol analysts predict that the short-term methanol market will enter a high consolidation stage.

 

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

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