Methanol: The methanol market is low and volatile. The mentality of players in the market is poor

On September 18, the methanol market price index was 2079.03, down 0.68 from yesterday and 0.03 per cent lower than the previous month.

Outer disk dynamics:

Methanol closed on September 17:

China is closed.

Us FOB 106-107 cents per gallon, up 1 cent per gallon

Southeast Asia CFR US $344-345 per ton, Ping

European FOB 347-348 euros / ton, up 5 euros / ton.

Summary of today's prices:

Guanzhong: 2070-2160 (- 50), north route: 2000-2020 (- 10), south route: 2050 (0), Lunan: 2300 (0), Henan: 2220-2230 (- 20), Shanxi: 2100-2220 (- 30), port: 2395-2420 (- 5)

Freight:

North Line-200-250 North Shandong (0ax 10), North Line-South Shandong 280-300 (0ax 0), South Line-North Shandong 270-280 (10max 0), Guanzhong-Southwest Shandong 160-210 (10max 20)

Spot marketToday, the methanol market price is adjusted in a narrow range, and the market quotation in some areas has dropped somewhat. With the end of the Mid-Autumn Festival holiday, the market transport capacity has gradually recovered, but the downstream market demand has recovered slowly, and the market transaction atmosphere is general under the rigid demand. At present, there is no large-scale replenishment operation. Specifically, the market prices in the main producing areas are adjusted in a narrow range, and the quotation on the southern line revolves around 2050 yuan / ton, maintaining that yesterday, the quotation on the northern line revolves around 2000-2020 yuan / ton, and the lower end is reduced by 10 yuan / ton. The performance of the futures market is weak, and the enthusiasm of downstream and traders to enter the market is not high. The market buying atmosphere is light. The market price in Shandong, the main consumer area, is adjusted in a narrow range, with 2300 yuan / ton in southern Shandong and 2280-2300 yuan / ton in northern Shandong, with a stable low end and a strong wait-and-see mood after the festival. at present, traders and downstream maintain rigid demand to purchase goods cautiously. The fluctuation of market quotation in North China is limited. Hebei quotation is 2230-2270 yuan / ton today, while the lower end is reduced by 10 yuan / ton. the market wait-and-see atmosphere is rich, and the negotiation atmosphere is poor; Shanxi quotes 2100-2220 yuan / ton today. Downstream users and traders have a weak mentality to enter the market, buying and buying is mainly based on rigid demand, and it is difficult to sell volume in the market.

Port market:Today, the futures range fluctuates. In recent months, rigid demand replenishment, long-term arbitrage buying price follow-up, selling cautious shipment. The current basis is strong, and the idea of replacement continues in recent months. The overall transaction is active. Taicang main port transaction price: spot / 9: 2395-2420, base difference 01 "20 picks 30" 9 deal: 2400-2425, base spread 01 "35" 10 transaction prices: 2425-2445, base difference 01 "55 prime 60"

Future forecast:With the end of the Mid-Autumn Festival holiday, the market capacity gradually recovered, but the downstream market demand performance was poor, the enthusiasm of entering the market after the holiday was not obvious, and the demand was difficult to increase obviously because of the low rigid demand, and during the holiday period, the manufacturers in the main producing areas were affected by transportation and other factors, the inventory in the region increased slightly, returned after the festival, saved a certain stock demand, and the futures market was low and fluctuating, and the mentality of the operators was poor. In the short term, the manufacturers in the main producing areas had a slight increase in inventory. The methanol market price is expected to fluctuate at a low level, 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.