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SunSirs: China Domestic Methanol Market Fluctuated and Rose
September 28 2022 10:01:04SunSirs(Selena)

The domestic methanol market in East China is surging, and some traders have no offer. Although the international crude oil fluctuates downward, the coal price is firm, the raw materials support the methanol market, and there is a strong intention to stock up downstream before the festival. There is a slight difference between regions. Some regions are short of supply and have strong demand. Some regions have sufficient supply and general demand. The trend of the methanol market is slightly different between regions.

According to the monitoring data of SunSirs, the average price of East China ports in the domestic methanol market rose from 2,710 RMB/ ton to 2,840 RMB/ ton from September 20 to 27. During the cycle, the price rose by 4.80%, 10.56% month on month and 19.15% year on year.

As of the closing on September 27, the methanol futures of Zhengzhou Commodity Exchange rose in shock. The MA2301 contract was opened at 2,650 RMB/ ton, with the highest price of 2,742 RMB/ ton and the lowest price of 2,649 RMB/ ton. The closing price of the MA2301 contract was 2,739 RMB/ ton, up 92 RMB/ ton from the closing of the previous trading day. As of the closing, the position of the MA2301 contract was 1.1818 million hands, down 32,900 hands from the previous trading day.

The price of products in the methanol industry chain has risen and fallen, the price of natural gas in the upstream product of methanol has been stable, the average price of coal has risen in a narrow range, and the cost of methanol is well supported; The price of downstream product East China glacial acetic acid dropped the most; Among the related products, the price of Shandong glycol dropped the most.

In terms of external market, as of September 26, the closing price of CFR Southeast Asia methanol market was 364.00-365.00 dollars/ton. The US Gulf methanol market closed at 106.75-107.75 cents/gallon, down 3 cents/gallon; FOB Rotterdam methanol market closed at 350.00-351.00 euros/ton, up 1.75 euros/ton.

The firm coal price supports the production cost of enterprises. SunSirs methanol analysts predict that China domestic methanol market may be strong.


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