Methanol: The unloading speed is generally small in the port area. The methanol period is now continuing and the range fluctuates

On December 6, the methanol market price index was 2290.31, down 1.54 from yesterday and 0.07 per cent lower than yesterday.

Outer disk dynamics:

Methanol closed on December 5:

China CFR 288-293 US dollars / ton, up 2 US dollars / ton

European FOB 348.75-349.75 euros / ton, flat

Us FOB 107108 cents per gallon, flat

CFR in Southeast Asia is US $338-339 per ton, flat.

Summary of today's prices:

Guanzhong: 2240-2260 (0), North Route: 2060-2100 (- 20), Lunan: 2420-2430 (0), Henan: 2330-2360 (- 5), Shanxi: 2290-2330 (30), Port: 24302455 (- 5)

Freight:

North Route-Northern Shandong 250-320 (20ram 0), Southern Route-Northern Shandong 250-300 (0ax 10), Shanxi-Northern Shandong 110-170 (- 20ripple 10), Guanzhong-Southwest Shandong 170-230 (0max 0)

Spot market: today, methanol market prices continue to fluctuate mainly, although the futures market rose in a narrow range, but the fluctuation is small, the role of boosting the mentality of market operators is limited, coupled with the current limited downstream demand release, the market turnover is not good. Specifically, the fluctuation of the market quotation in the northwest region is limited, with 2100-2120 yuan / ton in the south line and 2060-2100 yuan / ton in the north line. At present, the downstream has limited capacity to receive high-priced methanol, so it is not easy to push up the methanol market price in the short term. The narrow range adjustment in Shandong, the main consumption area, is 2420-2430 yuan / ton in southern Shandong and 2380-2400 yuan / ton in northern Shandong. There is no obvious increase in downstream market demand, the fundamental support performance is poor, and the market transaction atmosphere is general. The market quotation in North China is adjusted narrowly. Hebei quotation is 2350-2370 yuan / ton today, the low end is raised by 50 yuan / ton, and the futures market is warming up today. coupled with the fact that the inventory of manufacturers in Hebei is mostly in the middle and low level, enterprises have a strong price-up mentality under the support of low warehouses. The quotation in Shanxi has dropped narrowly. At present, there is no obvious increase in the demand in the downstream market, and some operators have a growing wait-and-see mood towards the future. They are more cautious about restocking in the market, and the market turnover is limited.

Port market: today, methanol futures fell back after consolidation. Spot trading is light, paper arbitrage offers positive, some unilateral higher than low, the basis is weak. The overall transaction throughout the day is mediocre. Taicang main port transaction price: 12 transaction price: 2430-2455, base difference 01x2Universe 5position 12 transaction: 2450-2455, base spread 01x13 transaction 12 lower transaction: 2445-2470, base difference 0115Universe 20 transaction 1 transaction: 2460-2470, base difference 01x23x28.

Future forecast: recently, the equipment in the Chinese market has changed frequently, coupled with the gradual progress of the gas restriction policy in the southwest region, the start-up of the local market has been reduced, and under the support of reduced supply in the region, the price-up sentiment of manufacturers is more obvious, but considering the limited follow-up demand in the downstream market, the price increase in the spot market of methanol is restrained to some extent. From the point of view of the port area, the inventory in the port area increased narrowly during the week, the market in East China was blocked for a short time due to heavy fog, the unloading speed in the region was general, and the consumption of rigid demand downstream was stable, and the regional inventory decreased somewhat. However, in South China, with the concentrated arrival of imported ships, with the reduction of downstream demand, inventory accumulation is obvious. At present, the Chinese market is still in the supply and demand game stage, and it is expected that the short-term methanol market price will continue the regional trend. 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.