Methanol price index chart
On September 20, the methanol market price index was 2051.55, down 1.27 from yesterday, a decrease of 0.06% from the previous month.
Summary of today's market price
External disk dynamics:
September 19 methanol closing:
China's CFR 288-292 US dollars / ton, up 2 US dollars / ton;
United States FOB 108-109 cents/gallon, up 1 cent/gallon;
Southeast Asia CFR 344-345 US dollars / ton, flat;
European FOB 349.5-350.5 euros/ton, down 0.5 euros/ton.
Today's Price Summary:
Guanzhong: 2030-2090 (-30), North Line: 1970-2000 (0), South Line: 2020 (0), Lunan Line: 2235-2250 (0), Henan: 2170-2200 (-30), Shanxi: 2090-2220 (0), Port: 2405-2420 (10)
Freight:
North Line - Lubei 200-250 (0/0), North Line - Lunan 280-300 (0/0), South Line - Lubei 220-270 (0/0), Guanzhong - Lunan 160-210 (0/0).
spot market
Today, the methanol market price is adjusted in a narrow range, the market quotation in some areas has fallen, the downstream market demand has recovered slowly, and the market transaction atmosphere is generally under the rigid demand transaction. Specifically, the market price in the main producing areas was adjusted in a narrow range, the southern line quotation was around 2020 yuan/ton, down 30 yuan/ton from yesterday, the northern line quotation was around 1970-2000 yuan/ton, and the low-end was reduced by 40 yuan/ton. The market price in Shandong, the main consumption area, was adjusted in a narrow range, 2235-2250 yuan/ton in Lunan and 2230-2250 yuan/ton in Lubei, which was low-end and stable. North China market quotation fluctuations are limited, today Hebei price 2200-2250 yuan/ton, low-end down 40 yuan/ton, the market wait-and-see atmosphere is strong, the negotiation atmosphere is not good; Shanxi today's price is 2090-2220 yuan/ton, downstream users and traders are weak in the mentality of entering the market, and the purchase is mainly based on rigid demand, and it is difficult to increase the volume of market transactions.
Port Market
Today, methanol futures are range-bound. On-demand procurement; Forward unilateral high shipments, arbitrage and exchange buying. The basis was stable and slightly weaker. The overall transaction throughout the day was average. Taicang main port transaction price: spot transaction: 2405-2420, basis 01+25/+28, 9 transactions: 2415-2435, basis 01+35/+37, 10 transactions: 2440-2460, basis 01+57/+60, 11 transactions: 2440-2460, basis 01+60.
Forecast for the future
Next week is the last week of the National Day holiday, the downstream market or a certain replenishment demand, with the release of demand, the main producing areas of manufacturers or a certain price sentiment, the mainland methanol market price or some increase, but considering that manufacturers also have a certain demand for storage, hedging with each other, the market price increase may be relatively limited; Port market, recently, affected by typhoon weather, import cargo arrival and unloading has decreased compared with the previous period, port inventory is in a state of destocking, next week before the National Day part of the downstream or a small amount of replenishment demand, is expected to short-term methanol port inventory is still a small possibility of destocking. At present, it is expected that the market price of methanol will be adjusted in a narrow range next week, and the overall increase is less likely, but it is necessary to pay attention to the price of coal, the operation of the on-site device and the follow-up of downstream demand in the later stage.
Device dynamics