Methanol: Futures fell below the 2500 mark and the spot market was weak

On June 21, the methanol market price index was 2179.46, down 8.32 from yesterday and 0.38 per cent from the previous month.

Outer disk dynamics:

Methanol closed on June 20:

China CFR 297-300USD / ton, down US $1 / ton

Us FOB 108-109 cents per gallon, up 2 cents per gallon

Us $357-358 per ton in Southeast Asia, Ping

European FOB 321.75-322.75 euros / ton, down 1 euro / ton.

Summary of today's prices:

Guanzhong: 2260-2300 (- 20), North Route: 2070 (- 10), Lunan: 2420-2430 (0), Henan: 2360-2380 (- 10), Shanxi: 2270-2330 (0), Port: 2495-2515 (- 15)

Freight:

North Route-Northern Shandong 255-300 (- 10Unip 0), Northern Route-Southern Shandong 350-390 (0max 0), Southern Route-Northern Shandong 220-260 (- 10max 0), Guanzhong-Southwest Shandong 160-200 (0max 0)

Spot marketToday, the quotation of the methanol futures market continued to fall, and the futures market closed at 2498. The mainland spot market continued to operate weakly, the trading atmosphere in the market was poor, and the market operators had a more obvious wait-and-see mood towards the future. Specifically, the market prices in the main producing areas are arranged in a narrow range, with the quotation on the southern route around 2100 yuan / ton, the northern line around 2070 yuan / ton, and the low end down by 10 yuan / ton, the downstream demand performance is poor, and the market transaction volume is relatively limited. Market prices in Shandong, the main consumer, are adjusted in a narrow range, with 2420-2430 yuan / ton in southern Shandong and 2380-2400 yuan / ton in northern Shandong. The market quotation in North China is adjusted in a narrow range. Hebei quotation is 2340-2350 yuan / ton today, maintaining yesterday, the downstream market demand performance is general, the overall trading atmosphere in the market is limited, Shanxi quotation today is 2270-2330 yuan / ton, the low end is stable, most of the operators in the market are not enthusiastic about entering the market, and there are more price-lowering operations.

Port marketMethanol futures fell today. Spot on-demand procurement, the transaction is limited; far-month arbitrage selling is mainly, unilateral bargain receiving is active, the basis stabilizes slightly, afternoon trading is light. The overall transaction throughout the day is not bad. Taicang main port transaction price: spot transaction: 2500, base difference 09-10 position 6 lower transaction: 2495-2515, base difference 09-5 pictureso transaction 7 transaction: 2500-2515, base difference 09-5 Uniqure 0thumb 7 transaction transaction: 2505-2525, basis difference 09-5Compact 13.

Future forecast:Recently, the overall supply performance of the mainland market is abundant, methanol continues to be exported from some olefin plants in the main producing areas, the supply of negotiable goods in the market is still abundant, and some manufacturers in the region still have a certain depot demand, and there is no obvious favorable support on the supply side in the short term. Donghua, Gansu Huating, Xilaifeng and other devices are planned to restart next week, and the market supply in the region may still remain abundant, but the performance of terminal downstream market demand is still poor. The traditional downstream market is affected by the off-season of consumption, the demand for methanol is relatively limited, the enthusiasm of the terminal downstream and traders to replenish the market is not high, and the rigid demand is mainly. At present, the contradiction between supply and demand in the methanol market still exists, and most operators in the market hold a certain wait-and-see mood for the future, and it is expected that the methanol market price may continue to be weak in the short term, but in the later stage, we should pay attention to the coal price, the operation of the plant in the field and the follow-up of downstream demand.

Recent operation of the plant