Methanol: The spot market is stable and small, and the industry has obvious wait-and-see attitude

On October 12, the methanol market price index was 2094.19, up 6.46 from yesterday and 0.31% higher than yesterday.

Outer disk dynamics:

Methanol closed on October 11:

China CFR 300-304USD / ton, up US $1 / ton

Us FOB 110111cents per gallon, flat

Southeast Asia CFR US $347-348 per ton, Ping

European FOB 361.5-362.5 euros / ton, flat.

Summary of today's prices:

East China: Taicang: 2545-2550 (35), Zhejiang: 2600-2610 (10), Anhui: 2450-2470 (0)

South China: Guangdong: 2510-2515 (30), Fujian: 2550-2620 (10)

Shandong: southern Shandong: 2240 (0), Northern Shandong: 2250-2270 (0), Linyi: 2230-2240 (0)

North China: Shanxi: 2120-2200 (- 20), Hebei: 2230-2260 (- 20)

Central China: Henan: 2200-2230 (20), Lianghu: 2360-2520 (0)

Northwest: Guanzhong: 2110 (0), Northern Shaanxi: 2010 (0), Inner Mongolia North Line: 1995-2000 (5), Inner Mongolia South Line: 2040 (0), Xinjiang: 2010-2150 (0)

Northeast: Liaoning: 2400-2520 (0), Heilongjiang: 2550 (0)

Southwest: Yungui: 2270-2450 (0), Sichuan-Chongqing: 2300-2500 (0)

Spot market analysis:

Today, the price of methanol market is weak, the overall trading atmosphere of the market is limited, and there are no futures guidelines in today's market, the enthusiasm of operators to enter the market is general, and rigid demand is dominant. Specifically, the market price in the main producing areas is adjusted narrowly, and the quotation on the southern route of Inner Mongolia revolves around 2040 yuan / ton, maintaining that yesterday, the quotation of the northern line of Inner Mongolia revolves around 1995-2000 yuan / ton, the high end is reduced by 30 yuan / ton, and most downstream and traders choose to replenish goods with low rigid demand. Xinao methanol auction price today is 4000 tons, and finally 1995-2000 yuan / ton all transactions; Shaanxi Weihua morning auction of methanol 4500 tons, transaction price 2110 yuan / ton cash exchange. The market price fluctuation in Shandong, the main consumer area, is limited, with 2240 yuan / ton in southern Shandong and 2250-2270 yuan / ton in northern Shandong. There are no methanol futures guidelines on the market today, and operators are cautious in handling goods. The market quotation in North China has dropped narrowly. Hebei quotation is 2230-2260 yuan / ton today, while the lower end is reduced by 20 yuan / ton. the overall market negotiation atmosphere is general, and some operators hold a certain wait-and-see mood towards the future; Shanxi quotation today is 2120-2200 yuan / ton. the lower end is reduced by 20 yuan / ton, the downstream demand is poor, the purchasing price reduction mentality of users is obvious, and the market transaction continues to be mainly rigid demand.

Future forecast:Recently, the overall supply performance of the Chinese market is abundant, and some manufacturers in the main producing areas still have a certain demand for storage, but this week, the price of the main methanol contract fluctuates greatly, and the operators in the market operate more cautiously. Traders and terminal downstream operators are less enthusiastic in entering the market to replenish goods, and some businesses keep a certain price reduction operation, and the market as a whole is generally traded. At present, it is expected that the short-term methanol spot market price is weak, but in the later stage, we should pay attention to the macro policy, coal price, plant operation and downstream demand follow-up.