Methanol: Futures rose in the afternoon and then fluctuated within a narrow range. The spot market continued to operate in a weak position

On June 25, the methanol market price index was 2150.43, down 12.09 from yesterday and 0.56 per cent from the previous month.

Outer disk dynamics:

Methanol closed on June 24:

China CFR 292-293 US dollars / ton, down 2 US dollars / ton

Us FOB 11112cents / gallon, up 4 cents / gallon

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

European FOB 319.75-320.75 euros / ton, down 1 euro / ton.

Summary of today's prices:

Guanzhong: 2220-2270 (0), North Route: 2040-2080 (- 20), Lunan: 2420-2430 (0), Henan: 2320-2350 (- 30), Shanxi: 2200-2290 (10), Port: 2495-2535 (- 15)

Freight:

North-North 230-270 (- 20 Uniqtel 20), North-South 350-390 (0), South-North-North 230-270 (0), Guanzhong-Southwest 160-200 (0)

Spot marketToday, methanol market prices continue to run weakly, and spot quotations in the mainland market continue to operate weakly under inventory pressure. The overall trading atmosphere in the market is limited, and traders' willingness to hold goods is not strong. Although there is an upward trend in the afternoon futures market, it is difficult to support the methanol market to reverse the downward trend, and most operators in the market still have a wait-and-see mood for the future. Specifically, the market prices in the main producing areas are arranged in a narrow range, with the quotation for the southern route around 2100 yuan / ton, the northern line around 2040-2070 yuan / ton, and the low end reduced by 20 yuan / ton. with the resumption of pre-maintenance equipment, the market supply in the region has increased, coupled with the current downstream market demand is difficult to significantly improve, the market transaction volume is limited. The market price in Shandong, the main consumer area, is adjusted in a narrow range, with southern Shandong 2420-2430 yuan / ton. some traders send quotation references to northern Shandong at 2370-2380 yuan / ton, which is lack of positive drive, the market atmosphere is general, and today's auction prices in the peripheral areas are low and the transaction is not good. People in the market have a strong wait-and-see mood. The market quotation in North China is adjusted in a narrow range. Hebei quotation is 2310-2350 yuan / ton today. The downstream market demand performance is general, and the overall trading atmosphere in the market is limited. Shanxi quotes 2200-2290 yuan / ton today. At present, the demand side of the downstream continues to be weak. And the methanol market transaction situation in the surrounding areas is poor, and prices fall back, dragging the spot market on the floor, leading to a lack of confidence in business sentiment.

Port marketToday, methanol futures fluctuated in a narrow range after the rally. Spot on-demand procurement; paper goods bargain and arbitrage buying actively; with the rise of the market, paper goods are shipped at high prices, arbitrage delivery continues, and the basis is slightly more stable. The overall deal is OK. Taicang main port transaction price: spot transaction: 2495-2510, base difference 09: 0Universe 7: deal: 2495-2535, base difference: 0900pm: 8X: 7: 2495-2525, base difference: 0930pm: 2505-2545, base difference: 090015: 20trans8: 2520-2545, basis difference: 0930pm 32.

Future forecast:Recently, the mainland market is still in a situation where supply exceeds demand, and the overall circulation of goods in the market is still abundant, but the demand performance of the terminal downstream market is poor. Under the influence of seasonal factors, some of the off-season characteristics of traditional downstream consumption may become more and more prominent. The demand for methanol is limited, the traditional downstream support is difficult to find in the short term, and the end market demand is weak. Although the futures market has increased today, the support for the mainland market is limited. And at present, methanol fundamentals have no obvious positive support, which drags down the mentality of the industry to a certain extent, and it is expected that the short-term methanol market price will continue to run weakly, 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.