In May, the domestic methanol market was still depressed. Although the rebound of raw coal prices has been supported, the low price of imported goods and the stalemate of downstream negotiations have limited the fluctuation of methanol prices. According to the monitoring data of the business agency, the average price of domestic methanol production enterprises was 2745 yuan / ton at the beginning of May, and 2617 yuan / ton at the end of May. The price fell by 4.64% during the month and 2.06% year-on-year.
| PVA 1799 (PVA BF17) |
According to the price monitoring of the business community, in April 2022, there were 10 kinds of commodities in the energy sector that rose month on month in the list of bulk commodity prices, including 4 kinds of commodities that rose by more than 5%, accounting for 25% of the monitored commodities in the sector; The commodities with the top three increases were coke (11.98%), coking coal (10.15%) and WTI crude oil (5.07%). There are 5 commodities with a month on month decrease, and 1 commodity with a decrease of more than 5%, accounting for 6.3% of the monitored commodities in this sector; The products with the top three declines were methanol (-10.59%), naphtha (-3.67%) and MTBE (-2.37%). This month, the average increase or decrease was 1.38%.
Comparison chart of methanol price trend of business club from 2018 to 2022:
Summary of methanol market prices in various regions as of May 31:
Region, Price
Qinghai region, No quotation
Shanxi region, Mainstream: 2510-2540 yuan / ton
Liaoning region, 2740 yuan / ton to cash exchange
Fujian, Mainstream Negotiation: 2810-2850 yuan / ton
Two lakes region, Negotiation reference: about 2700-2750 yuan / ton
Anhui region, The mainstream negotiation is about 2750-2780 yuan / ton
Henan region, About 2570-2590 yuan / ton
At the beginning of the month, the domestic methanol market rebounded after falling, but the transaction volume was poor. The poor shipment made the factory reduce the price and continue to ship, but it is still difficult to increase the quantity. The market just needs to replenish.
In the first ten days of January, the domestic methanol market rose weakly and fluctuated in a narrow range. Although the rebound of crude oil in the first half of the week caused the methanol futures to rise synchronously and break through 2800 yuan / ton in the session, the rising supply made the industry generally have low expectations for the future market. At the beginning of the week, the ex factory offer of the main production enterprises in the main production area was raised, but the spot gas purchase was general, the demand was mainly long, the overall shipment was general, and the downstream receiving price could not be pushed up.
In late June, the raw coal price and oil price were strong, and the downstream Tianjin Bohai Chemical MTO was expected to be put into operation. At present, the supply side is relatively abundant. In the current situation, the game between supply and demand.
Monthly K column chart of methanol domestic production price of Business Club:
Weekly K column chart of methanol domestic production price of Business Club:
On the whole, the near end methanol overhaul capacity is concentrated, the downstream MTO starts to decline, and the supply and demand is weakened periodically. In terms of valuation, coal prices rose to a high level, some enterprises suffered serious losses, downstream olefin profits were acceptable, methanol valuation was low, and methanol downside space was limited under the support of short-term costs.
Comparison chart of coal (upstream product) and methanol price trend of shanghaishe:
Comparison chart of price trend of methanol and dimethyl ether (downstream products) of Business Club:
Comparison chart of methanol and formaldehyde (downstream products) price trend of Business Club:
| POLYVINYL ALCOHOL |
Comparison chart of price trend of methanol and ethyl acetate (downstream products) of Business Club:
In the external market, as of the closing on May 27, CFR Southeast Asia methanol market closed at $413.50-414.5/t, up $5 / T. The closing price of US Gulf methanol market is 97.50-98.00 cents / gallon; The closing price of FOB Rotterdam methanol market was 372.005-372.50 euros / ton, up 5 euros / ton.
region ., country., Closing price, Up and down
Asia, CFR Southeast Asia, 413.50-414.5 USD / ton, USD 5 / ton
Europe and America ., US Gulf ., 97.50-98.00 cents / gallon, 0 cents / gallon
Europe ., FOB Rotterdam ., 372.005-372.50 euros / ton, 5 euro / ton
The crude oil is expected to fluctuate at a high level, the peak of coal and electricity consumption is approaching, and the price constraint is weakened after the dual track operation of coal, which has strengthened the role of supporting the bottom of methanol. The methanol analysts of the business society predict that the methanol market may be expected to be corrected in a narrow range.
| http://www.polyvinylalcohols.com |