This week, the domestic methanol market fell in a narrow range, the market atmosphere was slightly deadlocked, the traders bought gas in general, and the shipment was not smooth. The support of raw coal price for methanol production cost was weakened. Although the unit maintenance and supply of some enterprises were slightly favorable, the downstream demand was still depressed.
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According to the monitoring data of business agency, from April 1 to 8, the average price of domestic methanol production enterprises fell from 3070 yuan / ton to 3022 yuan / ton. During the cycle, the price fell by 1.55%, the price fell by 1.47% month on month, and the year-on-year increase was 26.20%.
As of the closing on April 8, the methanol futures range of Zhengzhou Commodity Exchange fluctuated. Ma2205 contract opened at 2921 yuan / ton, with the highest price of 2933 yuan / ton and the lowest price of 2945 yuan / ton. It closed at 2867 yuan / ton, down 93 yuan / ton compared with the closing of the previous trading day. As of the closing, ma2205 contract position was 487100 hands, down 42400 hands compared with the previous trading day.
Summary of methanol market prices in various regions as of 4.8:
Region, Price
Qinghai region, No quotation
Shanxi region, 2550-2560 yuan / ton factory withdrawal cash exchange
Liaoning Province, 2800 yuan / ton factory delivery
Fujian Province, 2980-3000 yuan / ton, cash out of the warehouse nearby
Two lakes region, Ex factory reference 2930-2950 yuan / ton factory withdrawal cash exchange
Anhui Province, 3000-3030 yuan / ton factory acceptance
Henan Province, Price reference: 2865-2870 yuan / ton factory acceptance
In the weekly methanol industry chain profits, olefin monomers, formaldehyde and dimethyl ether perform better. Upstream, the price fluctuation of raw materials is limited, the sample prices of coal alcohol and gas alcohol are different, and the overall profit changes little. Downstream, the external market of ethylene rose, supporting the improvement of monomer profits; Although the price focus of formaldehyde fell, the decline of methanol in the sample area was greater, which turned its profit from loss to profit; Dimethyl ether market rose, supporting losses narrowed; Glacial acetic acid profit maintained well and fluctuated in a narrow range; MTBE’s profit narrowed due to the rise in the average price of raw material carbon 4.
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Comparison chart of price trend of coal / steam coal (upstream raw material) – methanol in shanghaishe:
Comparison chart of natural gas (upstream raw material) – methanol price trend of business community:
In terms of external market, as of the closing on April 7, the external market price of butadiene in Asia was stable: FOB Korea closed at US $1450 / ton; CFR China closed at US $1470 / ton. The external price of butadiene in Europe remained stable: FOB Rotterdam closed at US $1555 / ton; FD northwest Europe closed at 1390 euros / ton.
region ., country., Closing price, Rise and fall
Asia, FOB Korea, $1450 / ton, USD 0 / ton
Asia, CFR China, $1470 / ton, USD 0 / ton
Europe, FOB Rotterdam, US $1555 / ton, USD 0 / ton
Europe, FD northwest Europe, 1390 euros / ton, 0 euro / ton
Coal price supports or weakens methanol production cost. Both supply and demand increase, but the increase in demand may be limited. Methanol analysts of business society expect that the domestic methanol market will be dominated by weak consolidation in the short term.
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