Methanol: Futures pulled up and fell back. The spot market was mixed

On September 25, the methanol market price index was 1991.94, down 4.29 from yesterday, down 0.21% from the previous month.

Outer disk dynamics:

Methanol closed on September 24:

China CFR 286-291 US dollars / ton, up 3 US dollars / ton

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

Southeast Asia CFR 330.5-331.5 US dollars / ton, Ping

European FOB 330.5-331.5 euros / ton, down 10 euros / ton.

Summary of today's prices:

Guanzhong: 1980-2000 (90), North: 1880-1930 (- 20), South: 2000 (0), Lunan: 2160-2170 (15), Henan: 2090-2350 (10), Shanxi: 1900-2350 (0), Port: 24352455 (55)

Freight:

North Route-North Shandong 205-260 (0ax 0), North Line-South Shandong 260-310 (0max 0), South Line-North Shandong 240-260 (0ax 0), Guanzhong-Southwest Shandong 180-240 (0max 0)

Spot marketToday, the performance of methanol market prices is different, the futures market fluctuates strongly under the support of macro advantages, and the price of the port spot market rises with the market, but the Chinese market continues to run weakly, although the quotations of some regional manufacturers have been raised somewhat, but the overall price increase is limited, and the whole is still dominated by shipments. Specifically, the market prices in the main producing areas are adjusted in a narrow range, with the quotation on the southern route around 2000 yuan / ton and the northern line around 1880-1930 yuan / ton. The futures market is strong and volatile, which slightly boosts the atmosphere of the spot market. Some downstream and traders have the mentality of bottom-copying and replenishment, local transactions have improved, and some of the main enterprises have done deals at a premium. The market prices in Shandong, the main consumer area, are adjusted in a narrow range, with 2160-2170 yuan / ton in southern Shandong and 2150-2170 yuan / ton in northern Shandong. The low end is stable, and the auction premium of mainstream manufacturers is sold, and the warehouse arrangement of some manufacturers is basically over. The market quotation in North China has been lowered along with it. Hebei quotation is 2070-2120 yuan / ton today, and the lower end is reduced by 60 yuan / ton. the market wait-and-see atmosphere is rich, the inquiry atmosphere of downstream users in the region is poor, and the shipping speed of manufacturers is average; Shanxi quotes 1900-2050 yuan / ton today, and the futures market is strongly boosted by macro-good news, which is good for the spot market and the mentality of operators, and the market trading atmosphere is slightly better.

Port market:Today, methanol futures pulled up and fell back. Spot rigid demand negotiation, moderate price transaction. Paper shipments increase every high, arbitrage buying is the main, the basis is weaker. The idea of replacement continues. The deal is active. Spot transaction: 2435-2440, base difference 01x20 position 9: 2435-2455, base difference 01x25bank 30position 10 transaction: 2445-2460, base difference 01x35 pound 40position 10 transaction: 2450-2475, base difference 01x45 pound 50x 11: 2460-2470, base difference 01x50.

Future forecast: recently, the high price of the main methanol contract is volatile, which improves the mentality of the operators to a certain extent, some downstream stores have a certain bottom-copying operation, and the overall trading atmosphere in the market has improved, but the manufacturers in the main producing areas are mainly active in stock drainage before the festival. the overall driving force for price increase in China's spot market may be relatively limited. At present, the futures market is strong and volatile, and the port spot market adjusts with the market. It is expected that the short-term methanol market price will have a regional trend, and the market price in some parts of China may be slightly raised, 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.