The price of methanol in the domestic market rose 26.26% to 233.32 yuan per week, with a year-on-year decrease of 23.73%. On the mainland side, the spring inspection is in its peak period, and the supply is shrinking obviously; on the port side, the inventory is still in the process of de stocking, but it is weaker than that of the mainland. With the return of imports, there is an expectation of accumulating the inventory.
As of March 26, methanol market price summary by Region:
Region, price
Qinghai Area/
RMB 2050 / T in Shanxi
Liaoning area 2200-2100 yuan / ton
Fujian area: 2470-2480 yuan / ton
Ex factory reference 2220-2250 yuan / ton in Lianghu area
Anhui area: 2260-2280 yuan / ton
Henan Province: reference 2120-2125 yuan / ton
On the downstream side, the demand for formaldehyde downstream terminals was good this week, Baoji Xinquan resumed operation, and other devices remained normal. On Tuesday, the manufacturers of methyl ether maintained 40-60% low load operation, the downstream demand shrank, and the market transaction atmosphere was not good, resulting in the long-term low start. This week, the domestic acetic acid plants were relatively stable, and the load of some plants increased slightly. Drive the start-up of acetic acid industry to increase.
In terms of external market, as of March 25, the closing price of CFR China methanol was 290.00-291.00 USD / T; CFR Southeast Asia methanol was 365.50-366.50 USD / T. US Gulf methanol closed at 119.50-120.50 cents per gallon, down 0.5 cents per gallon; FOB Rotterdam methanol closed at 318.50-319.50 euros per ton, up 7 euros per ton.
Region, country, closing price, up and down
Asian CFR China $291.00-292.00/t $0 / T
50-366.50 US dollars / ton – 0 US dollars / ton
50-120.50 cents / gal-0.5 cents / gal
Europe ﹣ FOB Rotterdam ﹣ 318.50-319.50 euro / ton ﹣ 7 euro / ton
In the future, on the supply side, as the spring overhaul is approaching, the overhaul plans of methanol enterprises in the mainland are coming out one after another; some downstream units are recovering one after another, and the demand for methanol is rising slowly. Business community methanol analysts expect that the domestic methanol market in the short term consolidation.
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