Methanol: Freight prices remain high, quotations in some regions in China continue to rise

On December 12, the methanol market price index was 2291.31, up 2.98 from yesterday, up 0.13% from a month earlier.

Outer disk dynamics:

Methanol closed on December 11:

China CFR 287-290 US dollars / ton, down 1 US dollars / ton

European FOB 314.25-315.25 euros / ton, flat

Us FOB 107-105 cents per gallon, flat

CFR in Southeast Asia was US $335-336 per ton, down US $2 per ton.

Summary of today's prices:

Guanzhong: 2200-2260 (0), North Route: 2030-2100 (0), Lunan: 2460 (0), Henan: 2360-2415 (- 10), Shanxi: 2280-2330 (0), Port: 2420-2445 (0)

Freight:

North Route-Northern Shandong 280-360 (0ax 0), Southern Route-Northern Shandong 270-310 (0max 0), Shanxi-Northern Shandong 120-170 (0max 0), Guanzhong-Southwest Shandong 180-200 (10max 0)

Spot market: today, the methanol market price continues the regional trend, the main producing areas market auction is relatively smooth, some manufacturers stock and flow auction, Xinao auction today reached 2030 yuan / ton, with a turnover of 1000 tons. Today, Yulin Kaiyue traded at 2085-2090 yuan per ton, with a total quantity of 6000 tons. Rongxin's methanol auction today reached 2030 yuan per ton, with a turnover of 5000 tons. The recent snowfall in some parts of China has led to transportation disruption, downstream procurement enthusiasm is not high, some manufacturers quote or give way to freight. Market prices in Shandong, the main consumer area, fell in a narrow range, with 2460 yuan / ton in southern Shandong and 2440-2460 yuan / ton in northern Shandong, with parking and maintenance of devices in the region. in addition, due to the recent snowfall, freight prices have been raised, and downstream operators are generally enthusiastic about restocking in the market. The market quotation in North China is adjusted narrowly. Hebei quotation is 2370-2450 yuan / ton today. Due to the surrounding snowfall, the spot resources of methanol in Hebei area have tightened. In addition, there is no pressure on the inventory of manufacturers at present. Under the support of low warehouses, the mentality of enterprises is strong, and the overall trading atmosphere in the market is good. Shanxi region quotation stable operation, the recent market affected by snow methanol transport, the supply side is not good for the time being, but the current enterprise inventory is low, the mentality of manufacturers is OK.

Port market: methanol futures rebounded slightly today. Near-end on-demand procurement; long-term multi-contract arbitrage negotiations, after the rise of some unilateral shipments, the basis is slightly weak; close and distant replacement frequently. The overall transaction throughout the day is not bad. Taicang main port transaction price: spot transaction: 2430-2445, base difference 01: 5cross 12 in transaction: 2440-2455, base difference 01: 5pm in 12: transaction: 2440-2460, base difference in 01in 10, in 135in 45position in 1, transaction: 2450-2465, base difference in 01in 20, in 235.55 in 65.

Future forecast: in the near future, China's methanol market shows a regional trend, in which the southwest region is affected by the policy of natural gas restriction, the overall supply pressure is not great, the regional price remains high in the short term, and it is affected by snowfall weather recently. the transportation of some road sections is restricted, the circulation of goods in the field is limited, and the market price is maintained at a high level under the support of little supply pressure in the region, but the main producing areas are affected by blocked shipments. In order to reduce inventory, we have to give way to freight, the market turnover is limited, coupled with the recent weak futures market volatility, to a certain extent, pressure on the enthusiasm of the industry. Overall, it is expected that the short-term methanol market may continue the regional trend, in the later stage, we need to pay close attention to the on-site transportation and downstream demand follow-up.