Methanol: Futures market fluctuated upward, spot prices stopped falling and rose

On November 24, the methanol market price index was 2233.94, up 10.68 from yesterday and 0.48 per cent higher than the previous month.

Outer disk dynamics:

Methanol closed on November 23:

China CFR 278-281 USD / t, Ping

European FOB 337.75-338.75 euros / ton, up 5 euros / ton

The United States is closed

CFR in Southeast Asia is US $350-351 per ton, flat.

Summary of today's prices:

Guanzhong: 2170-2200 (0), North Route: 2010-2040 (30), Lunan: 2030-2040 (0), Henan: 2260-2295 (10), Shanxi: 2160-2230 (- 40), Port: 23802385 (35)

Freight:

North Route-North Shandong 220-300 (0ax 0), South Line-North Shandong 240-300 (0ax 0), Shanxi-North Shandong 110-170 (0ax 0), Guanzhong-Southwest Shandong 140-190 (0max 0)

Spot market: today, the price of methanol market is stable and small, the futures market is rising instead of falling, the mentality of some operators in the market is slightly better, and the quotations of some regional manufacturers are on the rise. Specifically, the northwest market quotation partially rebounded, today the southern line 2030-2040 yuan / ton, the northern line 2010-2040 yuan / ton, the low end raised 30 yuan / ton, the recent Ningxia market quotation in the low supply support manufacturers remain strong. Prices in Shandong, the main consumer area, moved steadily, of which southern Shandong quoted 2300 yuan / ton, and the downstream market demand performance did not improve significantly, and the market trading atmosphere was light; northern Shandong quoted 2290-2300 yuan / ton, and the higher futures market had no obvious effect on the mentality of the market operators for the time being, while the downstream rigid demand was dominated by replenishment. The market price in North China is stable and small. Today, Hebei quotation revolves around 2260-2280 yuan / ton, the downstream rigid demand is mainly purchasing, and the overall trading atmosphere of the market is general. Shanxi quotation 2160-2230 yuan / ton, the low end reduced by 40 yuan / ton, the market operators mostly hold a wait-and-see mentality, coupled with the mediocre downstream demand, basically maintain rigid demand procurement.

Port market: methanol futures rebounded today. Spot selling basis difference shipment, a small amount of rigid demand. Long-term arbitrage buyers and sellers are in the majority, unilateral high selling low suction disk is cautious, the basis is slightly weaker. The overall transaction throughout the day is mediocre. Taicang main port transaction price: spot / small order: 2385-2395, base difference 01pm / order 5x 11: 2385-2395, base difference 01cm / 2pm 5x / 12 deal: 2385-2405, base difference 01pm / 5max 10x 12: 2405-2420, basis 01b / 23max 27 / 12.

Future forecast: in the near future, the Chinese market still maintains a regional trend, some air head devices in the southwest are stopped for maintenance, and the supply side is expected to weaken. In addition, the overall supply pressure in Ningxia and the southern line is not great at present. To a certain extent, it supports the trend of market prices in the region, but other regions fluctuate under the influence of weak demand, and the overall profit performance of the downstream market is general at present. The ability of operators to accept the supply of high-priced goods is limited, which also restrains the increase of market prices to a certain extent. at present, although the futures market has rebounded, the boost to the market is relatively limited, and the regional trend may continue in the short term, but in the later stage, it is necessary 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.