Methanol: Futures continued to be weak and volatile, and the spot market adjusted within a narrow range

On September 9, the methanol market price index was 2099.65, down 32.39 from the previous working day, and 1.52% lower than the previous working day.

Outer disk dynamics:

Methanol closed on September 6:

China CFR 280,285USD / ton, Ping

Us FOB 106-107 cents per gallon, down 2 cents per gallon

Southeast Asian CFR 343-344USD / ton, down US $3 / tonne

European FOB 333-334 euros / ton, down 8 euros / ton.

Summary of today's prices:

Guanzhong: 2120-2180 (- 60), North: 2030-2060 (- 60), South: 2050 (- 50), Lunan: 2320 (0), Henan: 2240-2250 (- 20), Shanxi: 2200-2290 (0), Port: 23502370 (- 20)

Freight:

North Route-North Shandong 220-270 (5gamma Mel 10), North Line-South Shandong 310-335 (0max 0), South Line-North Shandong 220-260 (0max 0), Guanzhong-Southwest Shandong 160-230 (0max 0)

Spot marketToday, the methanol market price is weak and volatile, the futures market continues to run weakly, the spot market quotation falls in a narrow range, the mindset of the market operators is not good, the price-raising mentality of the manufacturers is insufficient, the rigid demand in the lower reaches is mainly followed up, and the trading atmosphere in the market is poor. Specifically, the market prices in the main producing areas fluctuated, with the quotation on the south line around 2050 yuan / ton, 50 yuan / ton lower than the previous working day, and the price on the north line around 2030-2060 yuan / ton, the futures market continued to weaken, and the enthusiasm of downstream operators to enter the market to replenish stock was not high. At present, more rigid demand is maintained to buy. The market price in Shandong, the main consumer area, fell narrowly, with 2320 yuan / ton in southern Shandong, 2290-2310 yuan / ton in northern Shandong, and 20 yuan / ton in the lower end. A small number of failed auctions occurred in the mainstream auction, and the downstream maintained rigid demand for prudent procurement, resulting in poor enthusiasm for entering the market. Market quotation arrangement and operation in North China, Hebei quotation today is 2290-2330 yuan / ton, the market wait-and-see mood is strong, the discussion of new orders in the market is too few, and the mentality of operators entering the market is weak; Shanxi quotes 2200-2290 yuan / ton today, and the enthusiasm of terminal downstream operators to enter the market and replenish goods is not high, and the overall trading atmosphere in the market is light.

Port marketMethanol futures rebounded after falling today. The paper delivery period is mainly arbitrage, the offer is increasing, buying and receiving in the morning is cautious, the basis is weak; in the afternoon, unilateral bargain offers, the basis stabilized. The overall deal was average. Taicang main port transaction price: 9 transaction price: 2350-2370, base difference 01x4Universe 8 position 9 transaction: 2350-2370, base difference 01x5amp 8tritter 9 transaction: 2350-2380, base difference 01x12 pound 1510 transaction: 2370-2400, base difference 01x30max 35.

Future forecast:With the disruption of factory shipments last week, the inventory of some upstream manufacturers has increased slightly recently, some operators are not willing to raise prices, and with the continued weakness of the futures market, the mindset of on-site operators is empty, and rigid demand orders mainly follow up. although this week is interspersed with the Mid-Autumn Festival holiday, but in view of the short holiday time, the enthusiasm of terminal downstream operators to enter the market is limited, and the traditional downstream demand performance is difficult to change. The overall performance of the fundamentals of methanol is general. On the whole, some operators are still pessimistic about the future, and it is expected that methanol market prices will continue to be weak in the short term, but in the later stage, we should pay attention to coal prices, plant operation and downstream demand follow-up.