China domestic methanol market in East China was reorganized after rising, the crude oil was operated in shock, and the coal price was strong to support the production cost. In terms of spot goods, the supply in the domestic mainland market increased, and the port market continued to de stock mainly. The main price body of the domestic methanol market was stable, with some narrow adjustments, but the adjustment range was not large, and the mainstream transactions were stable.

According to the monitoring data of SunSirs, the average price of East China ports in the domestic methanol market rose from 2,862 RMB/ ton to 2,894 RMB/ ton from October 14 to 21. During the cycle, the price rose by 1.10%, 4.78% month on month and 27.65% year on year.

As of the closing on October 21, methanol in Zhengzhou Commodity Exchange fell in shock. The MA2301 contract was opened at ,2700 RMB/ ton, the highest price was 2,717 RMB/ ton, the lowest price was 2,632 RMB/ ton, and the closing price was 2,632 RMB/ ton, down 67 RMB/ ton from the closing of the previous trading day. As of the closing, the position of the MA2301 contract was 1.1185 million hands, down 2,800 hands from the previous trading day.

The price of products in the methanol industry chain is up and down, the natural gas price of upstream products of methanol is stable, the coal price is stable, and the methanol cost is well supported; Shandong has the largest drop in formaldehyde prices among downstream products; Among the related products, the price of Shandong glycol dropped the most.

In terms of external market, as of the closing of October 20, the closing price of CFR Southeast Asia methanol market was 369.50-370.50 dollars/ton, up 2 dollars/ton. US Gulf Methanol Market closed at 106.75-107.75 cents/gallon; FOB Rotterdam methanol market closed at 352.50-353.50 euros/ton, down 1 euro/ton.

The firm coal price will continue to support the production cost of enterprises. At the same time, the supply will be further increased. SunSirs methanol analysts predict that the domestic methanol market may be dominated.

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