Methanol: Futures market moves up within a narrow range, and China's downstream bidding prices have increased

On December 1st, the methanol market price index was 2284.88, up 8.68% from yesterday and 0.38% higher than the previous month.

Outer disk dynamics:

Methanol closed on November 30th:

China CFR 292-297 US dollars / ton, up 5 US dollars / ton

European FOB 353.25-354.25 euros / ton, flat

Us FOB 107108 cents per gallon, flat

Southeast Asia CFR US $344-345 per ton, flat.

Summary of today's prices:

Guanzhong: 2200-2260 (0), North Route: 2080-2110 (0), Lunan: 2400 (20), Henan: 2335 (5), Shanxi: 2250-2320 (20), Port: 2480-2500 (0)

Freight:

North Route-Northern Shandong 230-290 (0ax 0), Southern Route-Northern Shandong 240-280 (0max 0), Shanxi-Northern Shandong 110-170 (0mp 0), Guanzhong-Southwest Shandong 150-210 (0max 0)

Spot market: today, the price of methanol market is adjusted in a narrow range, the futures market fluctuates upward, the mentality of some operators in the market has improved, and the recent shipments of most factory manufacturers are OK, under the support of little inventory pressure, manufacturers still have a certain price sentiment. Specifically, the northwest market quotation narrow adjustment, today's south line 2100-2120 yuan / ton, the north line 2070-2100 yuan / ton, maintain yesterday, with the approach of the weekend, the market trading activity has weakened compared with the previous period, the regional market price changes little.

The price shock in Shandong, the main consumer, has been raised, of which southern Shandong is quoted at 2400 yuan / ton and northern Shandong is quoted at 2390-2430 yuan / ton. the strong operation of the futures market, to a certain extent, boosts the mentality of operators, and the market transaction atmosphere is OK. However, considering that the current downstream market transactions still maintain rigid demand, market price fluctuations may be relatively limited in the short term. The market price in North China is stable and small. Today, Hebei quotation revolves around 2310-2370 yuan / ton, the downstream rigid demand is mainly purchasing, and the overall trading atmosphere of the market is general. Shanxi quoted price of 2250-2320 yuan / ton, most of the local enterprise inventory is not pressurized, and the manufacturers have a strong price attitude under the support of low warehouse.

Port market: today, methanol futures rose narrowly, the spot quotation of the port adjusted with the market, and the overall trading atmosphere in the market was general. All-day Taicang transaction price range: spot transaction range 2475-2495 yuan; December transaction range 2495-2505 yuan; mid-December transaction price 2500 yuan; December transaction price 2495-2530 yuan; January transaction price 2495-2520 yuan.

Future forecast: recently, with the improvement of the futures market, the mentality of the operators has been boosted to a certain extent, the mood of some operators in the market has improved, and the quotations in some regions of China have also been raised, coupled with the reduction of individual devices in the field and other operations. the supply in some areas has been reduced, in addition, with the smooth delivery of goods in the early stage and the support of little supply pressure, manufacturers with low inventory still have a certain up-price sentiment. However, in view of the general performance of the terminal downstream market demand, which boosts the mentality of the operators to a certain extent, at present, the short-term methanol market price is expected to adjust in a narrow range. However, in the later stage, it is necessary to pay close attention to the operation of air head units in southwest China and the start-up of traditional downstream demand affected by seasonal factors.