Rectification of methanol spot market shock

On June 2, methanol futures of Zhengzhou Commodity Exchange fell sharply, closing at 2506 yuan / ton, down 49 yuan / ton or 1.92% compared with the closing of the previous trading day. Methanol spot market was mainly volatile, with a slight decline in some areas. According to the monitoring of business news agency, as of June 2, the average price of domestic methanol production enterprises in Shandong was 2632 yuan / ton, with a month on month increase of 2.83% and a year-on-year increase of 64.02%.

This week, methanol producers in Northwest China, the main methanol producing area, lowered their prices, but the shipment situation was different. Traders were cautious, and the downstream receiving sentiment was general.

As of 6.2, methanol market price summary by Region:

Region, price

Qinghai Area 2180-2270 yuan / ton factory cash

Shanxi area 2150-2390 yuan / ton

Liaoning Province 2420-2450 yuan / ton delivered to the factory

Fujian area 2780 yuan / ton

Two lakes area About 2550-2560 yuan / ton

Anhui Province 2630-2650 yuan / ton factory acceptance

Henan Province 2450 yuan / ton

In the downstream, the formaldehyde Market as a whole fell, and the market trading was slightly average; The dimethyl ether Market was stable, moderate and moderate; Domestic acetic acid market is on the lookout. At present, traders are bearish on the future market, waiting for the upstream price adjustment to match the market.

In terms of external market, as of June 2, the closing price of CFR China methanol was 312.00-313.00 US dollars / ton, down 2 US dollars / ton; CFR Southeast Asia methanol market closing price 361.00-362.00 USD / ton. The US Gulf methanol market closed at 106.50-107.50 cents per gallon; The closing price of FOB Rotterdam methanol market is 300.50-301.50 euro / ton.

region ., Country. Closing price. Up and down

Asia CFR China 312.00-313.00 USD / T – US $2 / T

Asia CFR Southeast Asia USD 361.00-362.00/t 0 USD / ton

Europe and America Gulf of America 106.50-107.50 cents per gallon / Cents per gallon

Europe FOB Rotterdam 300.50-301.50 euro / ton / EUR / T

Methanol futures callback finishing, methanol spot market upward weak, short-term demand is difficult to have a big boost, business community methanol analysts predict that the short-term methanol market into a high finishing stage.

POLYVINYL ALCOHOL