Methanol: The methanol period is now weakening year-on-year. The market transaction atmosphere is limited

On September 10th, the methanol market price index was 2085.44, down 14.22 from yesterday and 0.68 per cent from the previous month.

Outer disk dynamics:

Methanol closed on September 9:

China CFR 276-283 US dollars / ton, down 2 US dollars / ton

Us FOB 106107cents / gallon, flat

CFR in Southeast Asia: us $343,344 per ton, Ping

European FOB 337-338 euros / ton, up 8 euros / ton.

Summary of today's prices:

Guanzhong: 2120-2180 (0), North: 2020-2050 (- 10), South: 2050 (0), Lunan: 2280 (- 40), Henan: 2230-2250 (- 10), Shanxi: 2130-2220 (- 70), Port: 23452370 (- 5)

Freight:

North Line-200-260 (- 20amp 0), 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 continues to be weak, the futures market continues to run weakly, the spot market quotation continues to be lowered, and the morning auction in some areas is OK. Specifically, the market prices in the main producing areas are adjusted narrowly, and the quotation on the southern line revolves around 2050 yuan / ton, maintaining that yesterday, the quotation on the northern line revolves around 2020-2050 yuan / ton, and the lower end is reduced by 10 yuan / ton. Manufacturers' shipments have slowed down slightly, and some manufacturers have saved a certain amount of shipping demand. take the initiative to give priority to profit delivery. The market price in Shandong, the main consumer area, fell narrowly, with 2280 yuan / ton in southern Shandong, 2270-2300 yuan / ton in northern Shandong, and 20 yuan / ton in the lower end. The futures market continued the downward trend, and the market trading atmosphere was more cautious. The market quotation in North China has been lowered along with it. Hebei quotation is 2290-2330 yuan / ton today, while the low-end price is 70 yuan / ton. the market wait-and-see mood is strong, and there are few new order negotiations in the field; Shanxi quotes 2130-2220 yuan / ton today. At present, most of the downstream manufacturers' raw material inventory maintains a medium-high level, the market inquiry atmosphere is poor, and the transaction volume is limited.

Port marketToday, methanol futures rebounded and fell. In recent months, rigid demand replenishment, affordable transactions; long-term unilateral inquiries increase, arbitrage shipments, the basis is strong. The overall deal is OK. Taicang main port transaction price: spot transaction: 2345-2370, basis 01q3Universe 5between9: 2350-2380, base 01x3Universe 7try9: 2350-2385, base 01x10max 17x 10x: 2365-2405, basis 01x35cm 37.

Future forecast:Recently, the methanol futures market continues to be weak, dragging down the mentality of the operators in the market to a certain extent, the shipping speed of manufacturers in the main producing areas has slowed down, and some manufacturers have made certain profit-making operations in order to reduce their own inventory. At present, although it is approaching the Mid-Autumn Festival holiday, the overall enthusiasm of downstream operators to enter the market and capture is not high, basically maintaining the purchase of rigid demand for bargains, and with the continuous decline in the market, it increases the bearish sentiment of the operators towards the future market. It is expected that the methanol market price will continue to be weak in the short term, 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.