Methanol: Futures market highs fall back and the spot market is operating firmly

On March 20, the methanol market price index was 2322.73, up 12.04 from yesterday and 0.52 per cent higher than yesterday.

Outer disk dynamics:

Methanol closed on March 19:

China's CFR ranges from US $312 to US $320 per ton, up US $2 per ton
Us FOB 104-105 cents per gallon, flat
Southeast Asia CFR US $344-345 per ton, Ping

European FOB 299.75-300-75 euros / ton, down 2.75 euros / ton.

Summary of today's prices:

Guanzhong: 2210-2300 (10), North Route: 2030-2060 (- 10), Lunan: 2430 (0), Henan: 2360-2380 (10), Shanxi: 2230-2325 (30), Port: 2745-2760 (50)

Freight:

North Route-North Shandong 270-330 (0ax 0), North Line-South Shandong 370-400 (0max 0), South Line-North Shandong 270-310 (0max 0), Guanzhong-Southwest Shandong 230-260 (0max 0)

Spot market: today, the methanol market price is strong, the futures market is high, China and the port are still open, although the market has fallen, the port spot quotation still maintains a high position. The market price in Shandong, the main consumer area, fluctuated in a narrow range, with 2430 yuan / ton in southern Shandong and 2370-2390 yuan / ton in northern Shandong yesterday. Traders and downstream actively bought and bought, and the overall trading atmosphere in the market was OK.

Port market: today, methanol futures rose in the morning and fell back in the afternoon. Spot on-demand procurement, the basis is weak; paper goods are active in high shipments, buying arbitrage and exchange are mostly, and the basis is stable. The talks turned weak in the afternoon. The overall deal is OK. Taicang main port transaction price: spot transaction: 2730-2740, base difference 05x130 Universe 140bot 3: 2705-2740, base difference 05x125Universe 135bot 4 transaction: 2670-2700, base spread 05x100 × 4 transaction: 2625-2660, basis 05553 Universe 55fie5: 2595-2630, base difference 0520pm 23.

Future forecast: recently, some devices in the Chinese market have entered the state of spring inspection, and the Chinese market has started or declined somewhat, but at present, the overall supply performance of the market is still abundant, and the procurement of rigid demand downstream is dominated by the current short stop of Jiutai 1 million tons of methanol plant. Yanzhou Mining plant has been slightly reduced, the local market supply has been reduced, and the new price of manufacturers in the supporting region has been raised. The short-term supply pressure in the port market is still not big, the port continues to go to the warehouse during the week, the consumption of rigid demand in the downstream market is stable, and the supply pressure is small, the short-term port spot remains high and volatile. At present, the game between supply and demand in the market is expected to run at a high price in the short term in the Chinese market, but in the later stage, we should pay attention to the coal price, the release of spring inspection by various manufacturers and the follow-up of downstream demand.