Methanol: Downstream just needed to replenish methanol before the festival, and the methanol period has stopped falling and stabilized

On June 5, the methanol market price index was 2241.48, up 11.22 per cent from yesterday and 0.5 per cent higher than yesterday.

Outer disk dynamics:

Methanol closed:

China CFR 300-307 US dollars / ton, down 1 US dollars / ton

Us FOB 98-99 cents per gallon, flat

Southeast Asia CFR 363.5-364.5 US dollars / ton, Ping

European FOB 314.25-315.25 euros / ton, up 4.25 euros / ton.

Summary of today's prices:

Guanzhong: 2340-2360 (0), North Route: 2140-2160 (0), Lunan: 2430-2450 (0), Henan: 2400-2425 (- 10), Shanxi: 2250-2360 (- 50), Port: 26252640 (- 15)

Freight:

North Route-Northern Shandong 260-340 (10thumb 0), Northern Route-Southern Shandong 290-310 (0max 0), Southern Route-Northern Shandong 270-300 (0ax 10), Guanzhong-Southwest Shandong 160-230 (0max 0)

Spot market: today, methanol market prices have stopped falling and stabilized, local market quotations in China have rebounded slightly, port spot market quotations have been adjusted with the market, with the Dragon Boat Festival holiday approaching, there is a certain rigid demand for replenishment in the downstream market, the trading atmosphere has improved slightly, and the overall trading of bidding enterprises has been smooth. Specifically, the market price in the main producing areas is arranged in a narrow range, the quotation on the southern line is around 2180 yuan / ton, stable, and the quotation on the northern line is around 2410-2160 yuan / ton. affected by the rigid demand for replenishment before the downstream festival, the overall trading atmosphere in the market has improved compared with the previous period, and the manufacturer's shipment situation is better. The market price in Shandong, the main consumer area, is weak, with 2430-2450 yuan / ton in southern Shandong and 2450-2470 yuan / ton in northern Shandong. The overall trading atmosphere is limited. The market quotation in North China is adjusted in a narrow range. Hebei quotation is 2360-2380 yuan / ton today, which is stable. Downstream manufacturers have rigid demand to purchase goods, and the market transaction atmosphere is light. Shanxi quoted 2250-2360 yuan / ton today, and the futures market has rebounded. The enthusiasm of the market operators to enter the market to replenish stock has slightly increased, and the transaction price in the region has been raised.

Port market: methanol futures fluctuated in a narrow range today. The spot goods are shipped at a high price and the transaction is done at a reasonable price. Near-end on-demand procurement, less negotiation; long-term paper goods open to buy gas actively, the basis is strong; after the futures rise, unilateral selling increased, the basis fell. The overall transaction throughout the day is not bad. Taicang main port transaction price: spot transaction: 2635-2640, base difference 09: 2630 on deal: 2625-2630, basis on 09: 65, margin on 70: 6 on transaction: 2605-2625, basis on 09, 47 on 55, on 7: 2595-2605, basis on 09, 25, 30.

Future forecast: with the Dragon Boat Festival holiday approaching, there is a certain rigid demand for stock in the downstream market, coupled with the continuous downward adjustment of the previous price, some traders keep a certain gap-filling operation, and the overall trading atmosphere of the market is better than that of the previous period. The shipping pressure of most manufacturers in the region has been alleviated to a certain extent, and the futures market has stabilized, thus weakening the negative impact on the market atmosphere. At present, the short-term methanol market price range is expected to fluctuate, but in the later stage, we need to pay attention to coal prices, plant operation and downstream demand follow-up.

Recent operation of the plant