The domestic methanol market is surging. The main reasons are the short-term shortage of supply and the short-term rise in demand, the large rise in the downstream receiving price, the demand for goods, the stable and positive mentality of traders, the continuous increase in the quotations of ports and major manufacturers in the mainland, the good bidding of some manufacturers, and the premium starting price. However, the increase in freight has restrained the increase in the domestic real estate area.

According to the monitoring data of SunSirs, from September 2 to September 9, the average price of East China port in the domestic methanol market increased from 2,553 RMB/ ton to 2,712 RMB/ ton. During the period, the price increased by 6.22%, the price increased by 8.94% month on month, and decreased by 2.60% year-on-year.

As of the closing on September 9, methanol futures on Zhengzhou Commodity Exchange rose in shock. The MA2301 contract opened at 2,700 RMB/ ton, with the highest price of 2748 RMB/ ton and the lowest price of 2681 RMB/ ton. It closed at 2,740 RMB/ ton at the end of the trading day, up 48 RMB/ ton compared with the closing of the previous trading day. By the end of the trading day, the position of MA2301 contract was 1,189,200 lots, down 48,200 lots compared with the previous trading day.

In terms of devices, Xintai Zhengda's 250,000 Tons/ year devices are planned to be overhauled, but Henan Kaixiang's 200,000 tons/ year, Qinghai Zhonghao's 600,000 tons/ year, Zhongyuan Dahua's 500,000 tons/ year, Xinxiang Zhongxin's 300,000 tons/ year, Shaanxi Xinghua's 300,000 tons/ year, Shanxi Datuhe's 200,000 tons/ year and Tongmei Guangfa's 600,000 Tons/ year devices are planned to be restored.

The price of products in the methanol industrial chain rose and fell, the price of natural gas, the upstream product of methanol, rose narrowly, the price of coal rose narrowly, and the cost of methanol was well supported; Among downstream products, the price of dimethyl ether in Henan increased the most; Among the related products, the price of Shandong ethylene glycol increased the most.

Both short-term supply and demand have increased. SunSirs methanol analysts predict that the domestic methanol market will be dominated by concussion and consolidation in the short term.

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