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.
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