Today (10.14) the domestic methanol market rose, and some manufacturers continued to increase the ex factory quotation, with the price adjustment range of 50-100 yuan / ton in two days. According to the monitoring data of business agency, the average price of methanol producers in Shandong was 1812 yuan / ton on October 9, and 1925 yuan / ton on October 14, respectively, which increased by 6.21% in the price cycle, increased by 6.65% month on month, and decreased by 23.51% year on year. The methanol market quotation in various regions has also increased to varying degrees, especially in Shandong, Anhui and Fujian. The main factors of this price rise are the favorable futures, the maintenance of equipment in some regions, the low inventory, and the favorable influence of the recovery of downstream demand. In the short term, the positive factors will still remain for a period of time, traders are full of bullish mentality. The methanol analysts of the business club predict that the domestic methanol market will fluctuate at a high level in the short term.
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As of October 14, the summary of methanol market prices in different regions was as follows:
Spot exchange of RMB 1420 / T in Qinghai
1650-1680 yuan / t spot exchange in Shanxi
RMB 1750 / T in Liaoning
In Fujian Province, 2030-2100 yuan / ton
The factory reference of Lianghu area is 1900-1950 yuan / ton
Acceptance and delivery of 1870 yuan / ton in Anhui Province
RMB 1755-1765 / t spot exchange in Henan
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In the downstream, the domestic formaldehyde market has been rising steadily. The upstream methanol was strong upward, and the formaldehyde plant in Shandong was driven by the cost suppression, and the mainstream price came to 900-1000 yuan / ton.
Domestic DME market trading atmosphere is generally good, and prices in some regions fell slightly. Xinlianxin, the main enterprise in Henan Province, and BMW have implemented a minimum guarantee policy. Xinlianxin affected the shipment under the requirements of vehicles entering the factory. Other enterprises’ prices stabilized and the shipment was better.
Domestic acetic acid market continued to be high. Shandong, Henan manufacturers continue to slightly increase the offer, driving the market to trade actively. Hebei Jiantao acetic acid plant temporary shutdown, North China market supply will be intensified.