Methanol: Futures market volatility is weak and the market transaction atmosphere is general

On September 22nd, the methanol market price index was 2327.27, down 5.68 from yesterday, down 0.24% from the previous month.

Outer disk dynamics:

Methanol closed on September 21:

China CFR 286-294 US dollars / ton, down 4 US dollars / ton

European FOB 250.5-251.5 euros / ton, up 2 euros / ton

Us FOB 76-78 cents per gallon, up 1 cent per gallon

Southeast Asia CFR 347.5-348.5 US dollars / ton, down 2 US dollars / ton.

Summary of today's prices:

Guanzhong: 2270-2300 (0), North Route: & nbsp;2100-2210 (0), Lunan: & nbsp;2460 (0), Henan: & nbsp;2350-2370 (- 20), Shanxi: 2280-2330 (- 10), Port: & nbsp;2525-2555 (- 30)

Freight:

North Route-North Shandong 210-2320 (0ax 10), South Line-North Shandong 280,340,100,160 (0ax 0), Shanxi-North Shandong 100,160 (0max 0), Guanzhong-Southwest Shandong 160210 (0max 0)

Spot market: today, the methanol market is narrowly down, the spot price is reduced by 10-30 yuan / ton, the volatility of the futures market is weak, the price in some parts of the Chinese market is lowered, the plant failure in some areas is about to stop, and the supply side fluctuates. Downstream continues to replenish stock with rigid demand under high inventory, and the overall transaction atmosphere is general. Quotations in other regions of China have also been adjusted to varying degrees.

Port market: methanol futures are low today. Spot rigid demand negotiations; forward arbitrage and exchange shipments, unilateral bargain-hunting, forward basis is slightly stronger. The overall transaction throughout the day is not bad. Taicang main port transaction price: 9 lower transaction price: 2520-2535, base difference 01-14 prime color 17 position 10 above transaction: 2540-2550, base difference 01 / 10 prime price 5 / 10 transaction price: 2560-2570, base difference 01 / 23 shock 25.

The start-up of the olefin industry continues to be high, Anhui Huayi plans to restart, Lihuayi plant is about to produce products, acetic acid and MTBE demand may increase, but the downstream is still dominated by rigid demand replenishment under high inventory, and later we need to pay attention to the load changes of downstream devices and downstream profit repair.