Methanol: Spot quotes continue regional trend, market transaction atmosphere is light

On November 15, the methanol market price index was 2280.58, down 2.53 from yesterday, down 0.11% from the previous month.

Outer disk dynamics:

Methanol closed on November 14:

China CFR 282-285 US dollars / ton, down 3 US dollars / ton

European FOB 319-320 euros / ton, down 13 euros / ton

Us FOB 101103cents / gallon, flat

CFR in Southeast Asia ranged from US $340 to US $341 per ton, down US $3 per ton.

Summary of today's prices:

Guanzhong: 2230-2260 (- 20), North Route: 2060-2100 (- 10), Lunan: 2350 (- 10), Henan: 2295-2308 (15), Shanxi: 2230-2240 (0), Port: 2450-2475 (5)

Freight:

North Route-Northern Shandong 210-290 (- 10amp 10), Southern Route-Northern Shandong 220-290 (0max 0), Shanxi-Northern Shandong 110-170 (0max 0), Guanzhong-Southwest Shandong 140-190 (0max 0)

Spot market: today, the methanol market price continues the regional trend, the futures market increases slightly, the Chinese market quotation is adjusted narrowly, and the market transaction atmosphere is different. at present, the downstream market still maintains a low price, rigid demand and replenishment, and the wait-and-see mood is obvious. Recently, the market quotation in Ningxia and the south line is running high under the support of little inventory pressure, and under the support of low inventory, the operators' price-raising sentiment is obvious, and the overall shipment situation of the manufacturers is OK, but the market transaction volume in the Guanzhong and north line areas is general, and the motivation for manufacturers to raise the quotation is relatively limited. Today's quotation on the south line & nbsp;  yuan / ton, the price on the north line & nbsp; yuan / ton, the market transaction is different. Shandong, the main consumer region, reported a narrow adjustment, including 2350 yuan / ton in southern Shandong and 2330-2350 yuan / ton in northern Shandong. The market demand performance downstream of the terminal has not significantly improved, the market transaction atmosphere is light, and the cautious mood of operators still exists. The fluctuation of the market in North China is limited. At present, the overall inventory pressure in the downstream market is OK, and the rigid demand is mainly in the market transaction. Hebei quotation today 2280-2320 yuan / ton, maintain yesterday, downstream to maintain rigid demand to pick up goods. The market price in Henan is 2295-2305 yuan / ton.

Port market: methanol futures range fluctuated today. Spot rigid demand to receive goods, a small number of transactions; long-term morning part of the unilateral high sell low suction, the basis is stable in the weak; afternoon shipments are active, the basis is weak. The overall transaction is active throughout the day. Taicang main port transaction price: spot transaction: 2460-2470, basis 01-7, basis 01-2475, basis 01-2475, basis 01-5, margin 01-5, basis 01-2480, basis 01-3, margin 01-3, basis 01-3, margin 01-5, margin 01-7, basis 01-7, basis 01-2475, basis 01-5, basis 01-5, basis 01-7, basis 01-2475, basis 01-5, basis 01-5, basis 01-2475, basis 01-5, basis

Future forecast: at present, the methanol market still shows a regional trend, although the cost side gives some support to the market, but considering the fundamentals of methanol itself, the market price rising power is insufficient, with the recent increase in the price of natural gas in the southwest, some gas plants have been stopped for maintenance, but the impact on the overall market supply is relatively limited, and the annual production capacity of 1.8 million tons in Huayi, Guangxi began to be overhauled on November 15th. It is expected to be overhauled for 15 days, downstream acetic acid simultaneous overhaul, synchronous weakening of supply and demand, the mentality of the industry does not change much. At present, the overall performance of the Chinese market is different, and the price-raising sentiment of local operators is obvious under the support of little supply pressure, but other parts of China are still mainly sorted out, and the Chinese market is expected to continue the regional trend in the short term. however, in the later stage, we need to pay close attention to the operation of air head devices in the southwest and the start-up of traditional downstream demand affected by seasonal factors.