Methanol: Futures fell below the 2400 mark and spot prices were lowered simultaneously

On November 21, the methanol market price index was 2238.72, down 31.89 from yesterday and 1.4 per cent lower than yesterday.

Outer disk dynamics:

Methanol closed on November 20:

China CFR 280,287 US dollars / ton, down 4 US dollars / ton

European FOB 316.5-317.5 euros / ton, up 0.25 euros / ton

Us FOB 98-100cents per gallon, flat

Southeast Asia CFR 345.25-346.25 US dollars / ton, flat.

Summary of today's prices:

Guanzhong: 2170-2200 (- 60), North Route: 1990-2030 (- 40), Lunan: 2340 (- 10), Henan: 2280-2315 (- 50), Shanxi: 2200-2250 (- 20), Port: 2440-2460 (- 30)

Freight:

North Route-Northern Shandong 220-290 (0amp 0), Southern Route-Northern Shandong 240-290 (0mp 0), Shanxi-Northern Shandong 110-170 (0max 0), Guanzhong-Southwest Shandong 140-190 (0max 0)

Spot market: today, the price of methanol market has fluctuated, the futures market has fallen sharply, the mindset of market operators is poor, and the overall performance of demand in the downstream market is general, and there are profit-making operations among enterprises in local markets, but the transaction has not improved.

Specifically, the market quotation in the northwest market has fallen partially. Today, 2020 yuan / ton for the south line and 1990-2030 yuan / ton for the north line. The recent methanol futures market has fluctuated downward. The mood of the operators in the market to wait and see the future is obvious, and the rigid demand for trading continues mainly. Some manufacturers sell at a profit, but the transaction volume is still relatively limited. The market quotation in Ningxia and the south line is running at a high level under the support of little inventory pressure. The Shandong area, the main consumer area, was accompanied by a downward adjustment, of which Lunan quoted 2340 yuan / ton, the terminal downstream market demand performance did not show a significant improvement, and the market trading atmosphere was light; northern Shandong quoted 2280 yuan / ton, and the terminal demand did not fluctuate obviously for the time being. the futures market shows a downward trend, and the attitude of operators is more wait-and-see, mainly to fill the gap at every bargain. The market price in North China is stable and small. Today, Hebei quotation revolves around 2280-2330 yuan / ton, the downstream rigid demand is mainly purchasing, and the overall trading atmosphere of the market is general. Shanxi quotation 2200-2250 yuan / ton, the low end down 20 yuan / ton, today's overall market auction atmosphere is insipid, the overall auction price has been reduced from the previous month. Lubao sold 2, 200 yuan / ton, 6400 tons, 2250 yuan / ton, Xiaoyi Pengfei 5280, Shanxi Coking 2200 1320 tons, the rest failed. Yongxin coal coke quantity 3500 tons, 2190-2200 yuan / ton all transactions.

Port market: methanol futures fell in volatility.

In the future, it is predicted that the methanol futures market has continued to weaken recently, which has suppressed the sentiment of market operators to a certain extent. coupled with the narrow decline of coal prices and the weakening of cost-end support, the pessimism of most operators has intensified. Manufacturers in some regions of China have sold at a profit, but due to the suppression of demand, the market turnover has not improved. At present, Henan Province has been affected by haze weather control recently, some methanol plants are running under load reduction, and the supply in the region is slightly reduced, but the follow-up of the downstream market demand is limited, and the market is still in a state of game between supply and demand. It is expected that the short-term methanol market will continue the regional trend, but in the later stage, it is necessary to pay close attention to the operation of air head units in the southwest and the start-up of traditional downstream demand affected by seasonal factors.