- Price Trend
According to the price monitoring of SunSirs, the domestic methanol market is stable. As of December 6, the average price of the domestic methanol is 2,152 RMB/ton, 0.12% higher than that of the same period last month and 9.56% lower than that of the same period last year.
- Market Analysis
Product: methanol market in China is stable, with slight adjustment in some areas. Most enterprises in the domestic market offer stable prices, and some units in Southwest China are shut down. Under the tight supply, the market price of methanol in this region has moved up, and some enterprises have stopped selling due to low inventory. In the port market, futures prices continue to move up, supporting the rise of spot prices. In the short term, we need to continue to pay attention to the changes in port inventory.
Industry chain: formaldehyde: the domestic formaldehyde market is general and stable. The company's offer is temporarily stable, and there are environmental protection regulations in some areas in the near future. The start of formaldehyde and downstream market may be lower. In addition, the cost is difficult to support. It is expected that the formaldehyde market will continue to be weak in the short term.
Acetic acid: the atmosphere of domestic acetic acid market is waiting. The price offered by the northwest suppliers still gives way to the profit and aggravates the bearish mentality of the North China market. However, the price offered by the suppliers in the East China and central China markets is temporarily stable and aggravates the wait-and-see mentality of the market. The market is still biased towards supply over demand, and the market is in a passive phase of decline.
Acetic acid: the domestic acetic acid market is in a wait-and-see atmosphere. The price offered by the northwest suppliers still gives way to the profit and aggravates the bearish mentality of the North China market. However, the price offered by the suppliers in the East China and central China markets is temporarily stable and aggravates the wait-and-see mentality of the market. The market is still oversupplied and passive, and the market falls in stages.
Dimethyl ether (DME): the domestic DME Market Trading improved, and the price went up. At present, the price of DME keeps a small rising pace in a short term, but due to no substantial change in terminal demand, after a short replenishment, traders or continuous wait-and-see, there is little space for the price to continue to rise.
- Market Forecast
From the perspective of SunSirs: on the positive side, supply, some units in Southwest China have been parked and supply in the yard is tight; olefin, new olefin units put into operation in Shandong Province operate smoothly and purchase materials in stock in the near future; futures, the futures market continues to rise, boosting the spot market. On the negative side, inventory, at present, the external price is low, the port has plenty of spot goods, and the inventory is still high; demand, the traditional downstream demand is weak, the local market is not good, and the actual order is losing. The methanol analyst of SunSirs predicted that the domestic methanol market will continue to be consolidated in the short term.
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