Methanol: Futures market fluctuated at low positions and spot prices adjusted within a narrow range

On December 5, the methanol market price index was 2291.85, down 0.69 from yesterday and 0.03 per cent from the previous month.

Outer disk dynamics:

Methanol closed on December 4:

China CFR 285-292 US dollars / ton, down 5 US dollars / ton

European FOB 348.75-349.75 euros / ton, down 0.25 euros / ton

Us FOB 107108 cents per gallon, flat

CFR in Southeast Asia ranged from US $338 to US $339 per ton, down US $2 per ton.

Summary of today's prices:

Guanzhong: 2110-2120 (10), North Route: 2080-2110 (0), Lunan: 2420 (20), Henan: 2335-2355 (15), Shanxi: 2260-2320 (- 30), Port: 2435-2446 (0)

Freight:

North Route-North Shandong 230-320 (0ax 10), South Line-North Shandong 250-290 (0max 0), Shanxi-North Shandong 130-180 (20max 10), Guanzhong-Southwest Shandong 170-230 (20max 20)

Spot market: today, the price trend of methanol market is different, the futures market is low and volatile, the overall trading atmosphere in the Chinese market is OK, and the bidding by manufacturers is relatively smooth. Specifically, the market quotation in the northwest region rose slightly, with 2100-2120 yuan / ton in the south line and 2080-2110 yuan / ton in the north line. Today, the starting bidding price of methanol in Yulin Kaiyue was quoted at 2080 yuan / ton, and the quantity of 5000 tons was all sold. Shandong, the main consumer area, has a narrow adjustment, with 2420 yuan / ton in southern Shandong and 2380-2400 yuan / ton in northern Shandong. There is no obvious increase in downstream market demand, poor fundamental support and general market transaction atmosphere. The market quotation in North China is adjusted in a narrow range. Hebei quotation is 2330-2370 yuan / ton today, while the lower end is reduced by 30 yuan / ton. the futures market is fluctuating, the mentality of operators is weakening, and the overall trading atmosphere is general. The quotation in Shanxi has dropped narrowly. At present, there is no obvious increase in the downstream market demand, and some operators are becoming more cautious about the wait-and-see mood of the future and restocking.

Port market: methanol futures fluctuated in a narrow range today. In recent months, rigid demand buying and selling negotiations; far month unilateral opening negotiations are limited, arbitrage and swap are the main, and the basis stabilizes slightly. The overall turnover throughout the day was light. Taicang main port transaction price: spot order: 2435, base difference 01cm 7 position 12 deal: 2445, base difference 01x 7pm 13x position 12 deal: 2450-2455, base difference 01x 17x 12 deal: 2450-2455, base difference 0120pm 25x & nbsp;:2450-2465 with a base difference of 01 / 22 / 25.

Future forecast: recently, the Chinese market equipment overhaul, restart, Yanzhou mining Guohong 640000 tons plant is now reduced to double furnace operation, Guangju new materials new annual production of 600000 tons of coke installed near November 22 short shutdown maintenance; Chuanwei Chemical 770000 ton plant began to stop today, stopped on December 20, planned to resume on January 26 next year The unit of methanol production from 300000 ton coke oven gas in Manyang, Shanxi Province broke down last night and is currently operating at low load. Yankuang Yulin 1.4 million-ton plant began to reduce the load operation one after another today, and the supply in some areas of the field has been reduced. In addition, the early shipment is relatively smooth and the supply pressure is not great. Under the support of low supply pressure, manufacturers in the region quote high prices. However, at present, some traditional downstream has entered the off-season of consumption, terminal demand is expected to weaken, and some operators in the market are becoming more cautious about the wait-and-see mood of the future market. At present, under the support of little supply pressure, the price-up sentiment still exists in the Chinese market, but recently, the futures market has fluctuated at a low level, and some operators still have a wait-and-see mood for the future, and it is expected that the short-term methanol market price range will fluctuate mainly. In the later stage, it is necessary to pay close attention to the operation of air head equipment in southwest China and the start-up of traditional downstream demand affected by seasonal factors.