Methanol: Futures market is low and fluctuates, spot prices show regional trends

On November 14, the methanol market price index was 2283.11, up 8.6% from yesterday and 0.38% higher than yesterday.

Outer disk dynamics:

Methanol closed on November 13:

China CFR 284-285 US dollars / ton, down 4 US dollars / ton

European FOB 332-333 euros / ton, down 3.50 euros / ton

Us FOB 101to 103cents per gallon, down 1 cent per gallon

The market is closed.

Summary of today's prices:

Guanzhong: 2250-2260 (60), North Route: 2070-2100 (5), Lunan: 2360-2380 (- 20), Henan: 2280 (0), Shanxi: 2230-2240 (0), Port: 2445-2475 (- 35)

Freight:

North Route-North Shandong 220-280 (0ax 0), South Line-North Shandong 220-290 (0max 0), Shanxi-North Shandong 110-170 (0max 0), Guanzhong-Southwest Shandong 140-190 (0max 0)

Spot market: today, the price of methanol market continues to fluctuate, the futures market declines slightly, the mindset of bearish traders, the trading atmosphere in the Chinese market is different, and the upstream auction is OK today, among which Yulin Yanzhou Mining bid 3, 000 tons, finally 2090-2100 yuan all sold, Rongxin bid 8, 000 tons, and finally 2070 3800 tons. Recently, the market quotation in Ningxia is running at a high level under the support of little inventory pressure, and the price-raising sentiment of the operators is obvious under the support of low inventory. Shandong, the main consumer region, reported a narrow adjustment, including 2360-2380 yuan / ton in southern Shandong and 2330-2350 yuan / ton in northern Shandong. The market demand performance downstream of the terminal has not improved significantly, and the market transaction atmosphere is light. The market fluctuation in North China is limited, the market price in Shanxi is relatively strong, and the market bidding atmosphere is positive. Shanxi Lubao auctioned for 6 900 tons, 2230 yuan / ton, all sold; Shanxi Yaxin 5900 tons, 2200-2210 yuan / ton, all transactions; Shanxi Shanxi coal Huayu all transactions. Hebei market arrangement and operation, today's quotation of 2280-2320 yuan / ton, downstream to maintain a rigid demand to pick up goods.

Port market: methanol futures fluctuated slightly today. Spot rigid demand negotiation, basis transaction concentration; long-term arbitrage shipment, unilateral low inquiry. The replacement of goods has continued in recent months, and the overall transaction throughout the day is general. Taicang main port transaction price: spot transaction: 2450-2460, basis 01-5Universe color 4 position 11 transaction: 2450-2475, base difference 01-3 Universe Melissa 11 transaction price: 2455-2480, base difference 01x0Universe 5position 12 transactions: 2470-2490, base difference 01x5x20.

& nbsp Future forecast: in terms of cost, with the cold weather, most areas in the north have entered the heating season, the demand of the coal market is gradually released, the price of raw material coal is adjusted in a narrow range, and the cost side still gives some support to the methanol market. but at present, the performance of methanol itself is mediocre. The 500000-ton Yingde gas plant in Jingmen, Hubei Province was stopped for maintenance on November 7 and has resumed operation at full load. Guizhou Tianfu 200000-ton plant was stopped for maintenance on October 29th, and now it has been restored one after another. The Oweiganyuan (Fugu) device has been restarted, and the market supply in some areas has increased during the load increase. and at present, the market demand downstream of the terminal still maintains the previous state, the enthusiasm of the operators to enter the market to replenish is not high, and the transaction only maintains the rigid demand. At present, Ningxia and other regional markets operate at a high level under the support of small inventory, while other regional markets may still maintain a narrow range of adjustment. however, in the later stage, it is necessary to pay close attention to the operation of air head devices in southwest China and the start-up of traditional downstream demand affected by seasonal factors.