The domestic methanol market fluctuated in a narrow range. According to the price monitoring of the business agency, the domestic methanol market price was 1627 yuan / ton at the beginning of the week and then rose, which remained stable on the whole. Compared with the same period last month, the price increased by 1.40%, and the price decreased by 24.93% compared with the same period last year.
| PVA |
This week, the domestic methanol market showed regional differences. In Northwest China, some units were shut down for maintenance, and some upstream factories were reluctant to sell. In addition, the price of methanol futures rose, and the manufacturers actively pushed up, but the overall transaction atmosphere was general. In terms of inventory, the port and inland warehouses accumulated again this week, and the import volume remained at the level of million tons in the later stage, so it was hopeless to go to the warehouse in the short term Inventory continues to suppress methanol price; demand side mainly maintains stability, and it is difficult to increase significantly in the short term. The overall high inventory impact maintenance is good, and the domestic methanol market is in a volatile situation.
In terms of industrial chain, formaldehyde: this week, the domestic formaldehyde market was narrowed down. During the week, raw material methanol continued to decline in a narrow range, which further tightened the cost of formaldehyde, and the theoretical profit of the enterprise was meager. During the Dragon Boat Festival holiday, the start-up of downstream plate plants was significantly weakened, and formaldehyde enterprises mostly followed the load reduction operation; after the festival, due to the influence of high temperature and rain, the operating load of downstream plate plants continued to be low, so the demand for formaldehyde was significantly reduced, and formaldehyde enterprises ushered in the traditional off-season.
| PVA 1799 (PVA BF17) |
Acetic acid: domestic acetic acid market rose sharply this week. With the return of the Dragon Boat Festival holiday to the market, manufacturers began a new round of contract delivery, with relatively low inventory and stable downstream demand, which gave strong support to the market, while the optimistic market situation of acetic acid gave support to suppliers.
Dimethyl ether: this week, the atmosphere of domestic dimethyl ether Market was stable as a whole, and the price did not change significantly. The production and sales of dimethyl ether enterprises in Henan’s main production areas are basically balanced this week. Most enterprises have no greater inventory pressure, but the overall digestion of terminal liquefied gas is general. Even if there is a narrow increase in the price, it still does not strongly stimulate the enthusiasm of the terminal to take goods. Most short-term small order replenishment is mainly used. Gas ether price difference is still small, terminal demand for dimethyl ether is general.
On the whole, methanol is constrained by high inventory, and supported by cost and crude oil. Methanol analysts of business agency expect that the domestic methanol market will maintain a narrow adjustment in the short term.
| POLYVINYL ALCOHOL |