SunSirs: Energy, Methanol Market Recovered Slowly, Market Price Rebounds

Price Trend

According to the price monitoring of SunSirs, the weak market of domestic methanol has a narrow upward trend. As of February 19, the average price of domestic methanol market was 1,987 RMB/ ton. Prices fell 12.15% month on month and 12.91% year on year.

Market Analysis

Products: the methanol production enterprises in the main production areas of Shaanxi and Inner Mongolia are able to deliver goods temporarily, the traders are mainly responsible for receiving goods, some of them are connected with the bidding of the downstream enterprises, the transportation vehicles are in recovery, the downstream enterprises have no obvious changes in the construction, and some of them are mainly for replenishment. China U.S. relations have been upgraded, and crude oil has been shaken at a low level. In the short term, the domestic methanol market price is mainly volatile.

Industry chain: formaldehyde: weak operation of domestic formaldehyde market. A small number of start-up enterprises offer stable temporarily, most enterprises have not yet started, the cost side is at a relatively low level, the downstream market starts in a low level, the demand is limited, and it is difficult to clinch a deal with a real order.

Acetic acid: the domestic acetic acid market is stable and weak. Part of the low-cost goods in the northwest hit the North China market. At present, it is free at high speed, and the delivery price is more advantageous than that of the local manufacturers in North China, thus opening the price range in North China market. Part of the downstream users of the East China market were restarted, and the market demand stimulated low-cost competition among manufacturers, pushing the market transaction price down slightly. In South China market, the terminal demand is small and scattered, the market has not recovered, and the supplier is mainly providing stable offer temporarily. In the short term, the domestic acetic acid market demand gradually recovers, the automobile transportation aspect selectivity increases, each factory stock pressure is obvious, the passive competition shipment.

DME: the market of DME is weak and stable, and the trading atmosphere is weak. The mainstream price of ex-factory spot in Henan Province is 3,020-3,200 RMB/ ton, and the downstream users are mostly purchased in small quantities according to demand. In the aspect of civil gas, the price difference between gas and ether is narrowed, which supports DME.

Market Forecast

From the perspective of SunSirs: the delivery of methanol production enterprises in the northwest main production area is temporarily available; the number of vehicles is gradually increasing; the downstream construction changes are not significant temporarily. The methanol analysts of SunSirs predict that China's methanol market may fluctuate in a narrow range in the short term.

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