Methanol: The methanol period is now adjusted in a narrow range, mainly downstream procurement needs

On July 16, the methanol market price index was 2209.35, down 3.81 from yesterday, down 0.17% from the previous month.

Outer disk dynamics:

Methanol closed on July 15:

China CFR 295-298 US dollars / ton, up 1 US dollars / ton

Us FOB 106107cents / gallon, flat

Southeast Asia 352-353 US dollars / ton, down 3 US dollars / ton

European FOB 328.75-329.75 euros / ton, up 3 euros / ton.

Summary of today's prices:

Guanzhong: 2260-2290 (0), North Route: 2120-2140 (- 5), Lunan: 2410-2420 (0), Henan: 2345-2360 (- 10), Shanxi: 2230-2315 (15), Port: 25502570 (- 5)

Freight:

North Route-200-260 North Shandong (- 10 amp Mueller 10), North Route-South Shandong 300-330 (0 amp 0), South Line-North Shandong 220-250 (0 amp Mui 10), Guanzhong-Southwest Shandong 150-200 (0max 0)

Spot marketToday, the methanol market price is arranged in a narrow range, the downstream market demand is limited, and some operators have a certain price reduction operation, but at present, the inventory pressure in the market in the main producing areas is not great, and the manufacturers' interest mood is insufficient, but there are also a small number of enterprises that store the demand for shipments. factory prices are adjusted in a narrow range, but the range is relatively limited. Specifically, the market prices in the main producing areas are adjusted narrowly, with the quotation on the southern route around 2150 yuan / ton and the low end stable, while the quotation on the northern line revolves around 2125-2160 yuan / ton, maintaining yesterday. At present, the inventory pressure of most enterprises in the market is not great, but individual factories store and ship demand, and factory prices are adjusted in a narrow range, but the range is relatively limited. Market prices in Shandong, the main consumer area, fell in a narrow range, with southern Shandong 2410-2420 yuan / ton, northern Shandong 2380-2400 yuan / ton, and the low end was lowered by 10 far / ton. The mood of receiving goods downstream is cautious, and the market transaction atmosphere has cooled slightly. The market quotation in North China is adjusted in a narrow range. Hebei quotation is 2330-2350 yuan / ton today, the low end is stable, the inventory pressure of manufacturers in the region is not great, the willingness of manufacturers to raise prices is obvious under the support of good supply, and the market transaction atmosphere is OK; Shanxi quotes 2230-2315 yuan / ton today, downstream demand is flat, manufacturers mostly maintain rigid demand for goods, at present, enterprises in the region mostly maintain low-and medium-level inventories, and operators hold a positive price mentality.

Port marketToday, methanol futures range fluctuates. Spot offers are few, paper arbitrage buying is active, and the basis is strong. The idea of replacement continues, and the monthly difference narrows. There was a stalemate in the afternoon and the deal was all right. Taicang main port transaction price: spot / 7 in deal: 2550-2570, base difference 09: 5 Universe 10: 7 transaction: 2555-2580, base difference 09: 8 Universe 10 transaction 8 transaction: 2575, base difference 09: 10 cross 8 transaction: 2570-2595, base margin 09: 25 position 9: 2590-2595, base difference 09: 35.

Future forecast:Recently, the mainland market continues the regional trend, and the manufacturers in the main production areas still have a price-raising mentality under the support of little inventory pressure. although the quotations of individual enterprises have dropped somewhat, they still maintain a relatively high level of operation as a whole, and with the parking and maintenance of some devices, there is still some positive support on the supply side in the short term, but there is no significant improvement in downstream market demand, and some operators hold certain resistance to the current high prices. The enthusiasm of entering the market for replenishment is limited. At present, under the game of supply and demand, it is expected that the short-term methanol market will continue the regional trend, 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.