On July 5, the methanol market price index was 2176.19, down 1.04 per cent from yesterday and 0.05 per cent lower than yesterday.
Outer disk dynamics:
Methanol closed on July 4:
China CFR 290-292 US dollars / ton, down 2 US dollars / ton
The United States is closed
Us $355-356 per ton in Southeast Asia, Ping
European FOB 324.75-325.75 euros / ton, down 1 euro / ton.
Summary of today's prices:
Guanzhong: 2200-2270 (0), North Route: 2080-2120 (0), Lunan: 2400 (0), Henan: 2345-2355 (- 5), Shanxi: 2180-2310 (0), Port: 2515-2530 (- 10)
Freight:
North Route-North Shandong 250-310 (0ram 0), North Line-Southern Shandong 300-340 (0amp 0), South Line-Northern Shandong 240-270 (0ax 0), Guanzhong-Southwest Shandong 140-180 (0max 0)
Spot marketToday, the methanol market price is adjusted in a narrow range, the futures market continues to fall, the port spot market price goes down with the market, and the spot basis does not change much. Near the weekend, the overall negotiation atmosphere in the market is general. Specifically, the market prices in the main producing areas are adjusted in a narrow range. The quotation on the southern line is around 2050-2060 yuan / ton, which is stable, while that on the northern line is around 2080-2120 yuan / ton, maintaining yesterday. At present, the overall inventory level of manufacturers in the region is not high, and the mentality of the operators in the market is obvious. The market price in Shandong, the main consumer area, is adjusted in a narrow range, with 2400 yuan / ton in southern Shandong and 2390-2400 yuan / ton in northern Shandong. The demand side has not improved obviously in the short term, and there is also a more obvious suppression upward, and the market is more deadlocked. The market quotation in North China is adjusted narrowly. Hebei quotation is 2300-2350 yuan / ton today. At present, the inventory pressure of most methanol enterprises in the field is not great, and under the support of low storage, the manufacturers are willing obviously, and the downstream rigid demand is mainly replenished; Shanxi quotes 2180-2310 yuan / ton today, maintaining yesterday, at present, the traditional downstream industry has entered the consumption off-season, methanol market rigid demand is reduced, downstream manufacturers keep down the price operation, and buy more to rigid demand.
Port marketMethanol futures fell in volatility today. Near-end contract buying and selling negotiations, a small amount of unilateral shipment. Long-term arbitrage and exchange transactions, the basis stabilized; the afternoon atmosphere is more stalemate. The overall deal was average. Taicang main port transaction price: 7 transaction price: 2515-2530, base difference 09-35 prime price: 2515-2535, basis difference 09-33 Melody 30 transaction 7 transaction price: 2530-2550, base difference 09-20 hand hand 178 transaction: 2555-2575, basis difference 09-33 prime price 10.
Future forecast:The equipment in the mainland market has been overhauled and restarted, and the overall start-up of the market has not changed much, but with the periodic replenishment in the lower reaches of this week, the overall inventory pressure of the manufacturers in the main producing areas is not great, and most of them maintain a low level, which slightly supports the mentality of the operators. In the short term, there is still some support on the supply and demand side, but considering that the traditional downstream market is in the off-season of consumption, and the olefin plant has no plan to restart temporarily, under the influence of weak demand. The price of methanol in the spot market has limited room to rise. At present, although there is some favorable support for supply and demand in the mainland market, considering that the terminal downstream demand may be relatively limited, methanol spot market quotations continue to push up or relatively limited, and methanol market prices are expected to continue to fluctuate within the range next week, but we should also pay attention to coal prices, plant operation and downstream demand follow-up situation in the later stage.