On November 19, the methanol market price index was 2,104.95, an increase of 12.62 from yesterday and an increase of 0.06% month-on-month.
External disk dynamics:
Methanol closing on November 18:
China CFR293 -295 USD/ton, flat;
US FOB 117-118 cents/gallon, flat;
Southeast Asia CFR 345-346 US $/ton, flat;
European FOB 391-392 euros/ton, down 1 euro/ton.
Today's price summary:
East China: Taicang: 2520-2535 (40), Zhejiang: 2580-2610 (40), Anhui: 2450-2460 (30)
South China: Guangdong: 2490-2530 (10), Fujian: 2520-2580 (20)
Shandong: South Shandong: 2330-2350 (20), North Shandong: 2340-2350 (70), Linyi: 2350 (0)
North China: Shanxi: 2150-2250 (75), Hebei: 2190-2280 (0)
Central China: Henan: 2280-2310 (25), Two Lakes: 2380-2550 (50)
Northwest: Guanzhong: 2160-2210 (30), Northern Shaanxi: 2020 (0), Inner Mongolia North Line: 2000-2065 (-20), Inner Mongolia South Line: 2100 (80), Xinjiang: 1660-1725 (0)
Southwest: Yungui: 2150-2430 (0), Sichuan and Chongqing: 2240-2480 (30)
Spot market analysis：
Today, the methanol market price fluctuated strongly, and the futures market fluctuated at a high level, which boosted the mentality of the players in the market to a certain extent. In addition, the overall inventory pressure of manufacturers in the main producing areas is not large, which supports the increase in manufacturers 'quotations, and the receiving prices in the main consumer markets have followed the trend. Increase. At present, the market prices in the main producing areas have increased within a narrow range. Today's quotations for the northern line are around 2,000 - 2,065 yuan/ton, and the southern line is 2100 yuan/ton, an increase of 80 yuan/ton from yesterday. The futures market fluctuated and increased, supporting the positive mentality of the players in the market. Downstream and traders are still enthusiastic about entering the market, and the overall transaction is smooth. This week, Shaanxi Changqing's second quotation was raised by 30 yuan/ton to 2160 yuan/ton of factory cash withdrawal, and the small order was quoted by 2170 yuan/ton of factory cash withdrawal, and acceptance was +15 yuan/ton; Shaanxi Runzhong (Changwu) This week The third quotation was raised by 50 yuan/ton to 2200 yuan/ton of factory cash withdrawal. The market price in Shandong, the main consumer area, has been increased accordingly, with 2,330 - 2,350 yuan/ton in southern Shandong, 2,340 - 2,350 yuan/ton in northern Shandong, and the low-end increase of 70 yuan/ton. The receiving prices of manufacturers in the region have pushed up, and the overall market transaction atmosphere is improving. The market quotations in North China are sorted out at a high level. Today, the price in Hebei is 2,190 - 2,280 yuan/ton, which is stable at the low end. Affected by the higher market prices in surrounding areas, the price in the region has been raised, and the overall transaction atmosphere in the market is still high; the price in Shanxi is 2,150 - 2,250 yuan/ton, and the low-end has been raised by 75 yuan/ton. The futures market is strong and volatile, and the mentality of the industry is good. Most of the bidding by companies in the region are at a premium, and the manufacturers are willing to hold prices.
Port Market:Today, methanol futures rose. A small amount of stock is just needed. Unilateral shipments of paper goods increased on rallies, mainly arbitrage orders, and the basis weakened slightly; the price difference widened slightly. The overall transaction was okay. Transaction price at Taicang Main Port: Spot/11 Middle: 2520-2535, basis 01-28/-22; Transaction below 11:2535-2550, basis 01-14/-9; Transaction below 12:2560, basis 01-3; Transaction below 12 Middle: 2545-2560, basis 01+6/+1012: 2560-2585, basis 01+20/+23.
Market outlook forecast:Recently, the market quotations in China's main producing areas have remained at a high level supported by little inventory pressure, and the main contract price of methanol has been strong and volatile, which has supported the improvement of the mentality of on-site operators. Downstream operators are more motivated to enter the market to replenish goods. Some manufacturers have shipped smoothly and have stopped selling, and the quotations in the main selling area have pushed up. At present, the overall inventory pressure of manufacturers in the China market is not large, and downstream demand is performing well. Some manufacturers are obviously in favor of prices. It is expected that prices in the China market may be consolidated at a high level in the short term. However, in the later period, we need to pay close attention to the follow-up of downstream demand after the rise in methanol prices, as well as crude oil and coal prices, and the operation of on-site equipment.
