Methanol: Futures fell within a narrow range and the market trading atmosphere was general

On August 30, the methanol market price index was 2172.94, down 1.85 from yesterday and 0.09 per cent from the previous month.

Outer disk dynamics:

Methanol closed on August 29th:

China CFR 295-298USD / ton, Ping

Us FOB 108109 cents per gallon, flat

CFR in Southeast Asia: us $346-347 per ton, Ping

European FOB 345-346 euros / ton, up 5 euros / ton.

Summary of today's prices:

Guanzhong: 2200-2240 (0), North: 2100-2110 (0), South: 2110 (0), Lunan: 2390-2400 (0), Henan: 2330-2340 (- 10), Shanxi: 2320-2350 (0), Port: 24702480 (- 25)

Freight:

North Route-North Shandong 245-285 (5amp 0), North Line-Southern Shandong 310-335 (0max 0), South Line-Northern Shandong 230-270 (0max 0), Guanzhong-Southwest Shandong 160-240 (0max 0)

Spot marketToday, the methanol market price is high. At present, the downstream market demand is gradually improving, the industry has a certain expectation for the future, and the overall trading atmosphere in the market is OK. Specifically, the market prices in the main producing areas are running at a high level, with quotations on the southern route around 2110 yuan / ton and the northern line around 2070-2110 yuan / ton, maintaining yesterday's enthusiasm for downstream operators to enter the market to replenish goods, and there is little pressure on manufacturers in the region. The market prices in Shandong, the main consumer, are arranged in a narrow range, 2390-2400 yuan / ton in southern Shandong and 2380-2400 yuan / ton in northern Shandong. The overall trading atmosphere in the region is good. North China market quotation arrangement and operation, Hebei quotation today 2320-2350 yuan / ton, most enterprises inventory is not high, low warehouse support under the strong desire to raise the price; Shanxi quotation today 2230-2290 yuan / ton, maintain yesterday, the regional market negotiable supply has been reduced, the supply side is good to support manufacturers to raise the price mentality.

Port marketToday, methanol futures consolidation. During the month, the rigid demand is discussed, and the basis is weak. Long-term individual unilateral shipments, the basis remains stable; the price difference between far and near months expands. It's a mediocre deal. Taicang main port transaction price: spot transaction: 2470-2480, basis 01-55

; 9 deal: 2485-2490, basis 01-40, deal: 2505-2515, basis 01-18, deal 10, deal: 2540-2550, basis difference 01-17.

Recently, the overall performance of the Chinese market has been good. With the upward adjustment of the start-up of the main downstream industries and the strong volatility of the futures market, the mentality of the operators in the market is supported, and most manufacturers in the main producing areas ship more smoothly and under the support of little supply pressure. Manufacturers' quotations remain high, but taking into account the slow recovery of demand in the traditional downstream market and the rapid price rise in some areas. Some of the lower reaches have limited ability to accept the current price, or to some extent restrain the price increase in the spot market of methanol. Overall, methanol market prices are expected to fluctuate at a high level in the short term, but in the later stage, we need to pay attention to coal prices, plant operation and downstream demand follow-up.