Methanol price index chart
On October 8, the methanol market price index was 2151.89, an increase of 96.49 from the previous working day, an increase of 4.69% from the previous working day.
Summary of today's market price
External disk dynamics:
Methanol close on October 7:
China is closed;
United States FOB 109-110 cents/gallon, flat;
Southeast Asia CFR 345-346 US dollars / ton, flat;
European FOB 361.5-362.5 euros/ton, up 1 euro/ton.
Today's Price Summary:
Guanzhong: 2230-2280 (200), North Line: 2105-2130 (105), South Line: 2100 (100), Lunan Line: 2380-2400 (100), Henan: 2290-2340 (120), Shanxi: 2160-2280 (260), Port: 2610-2630 (75).
Freight:
North Line - Lubei 160-220 (-50/-50), North Line - Lunan 250-290 (-10/-20), South Line - Lubei 230-250 (-20/-50), Guanzhong - Lunan 210-260 (0/0).
spot market
Today, methanol futures are now rising simultaneously, international crude oil prices have risen sharply under the influence of geopolitical tensions, which has led to a collective rise in the chemical sector, methanol futures have moved up widely, and the mentality of the industry has improved. Specifically, the market price of the main producing areas was raised, the southern line quotation was around 2100 yuan/ton, the northern line quotation was around 2105-2130 yuan/ton, the low-end was raised by 105 yuan/ton, Rongxin methanol auctioned 6000 tons, and finally 2105 yuan/ton were all sold; Yulin Yankuang bid for 6,000 tons, and finally 2,070-2,075 yuan/ton were all sold; Shaanxi Weihua bid for 2,000 tons, and the final transaction was 2,270 yuan/ton of cash exchange. Driven by the macro positives, the trend of methanol futures is strong, which has boosted the methanol spot market significantly, and the quotations of some manufacturers in the region have been pushed up, and some downstream stocks have a certain replenishment demand, and the overall transaction of the market is acceptable. The market price in Shandong, the main consumption area, has risen sharply, 2380-2400 yuan/ton in Lunan, 2320-2340 yuan/ton in Lubei, and 50 yuan/ton in the low-end. The market price in North China is high, today's price in Hebei is 2140-2330 yuan/ton, and the low-end is raised by 50 yuan/ton. Shanxi today's price is 2160-2280 yuan/ton, an increase of 260 yuan/ton compared with before the holiday, mainly boosted by the macro situation, the enthusiasm of the industry to enter the market to replenish the stock has increased, and the auction premium of methanol enterprises is larger.
Port Market
Today, methanol futures consolidated at a high level. Negotiation of monthly contracts; Forward unilateral shipments are limited, arbitrage buying is the mainstay, and the basis remains stable and slightly stronger. The overall transaction throughout the day was average. The transaction price of Taicang main port: 2610-2630 on 10, 01+37/+40 on the basis, 2600-2630 on the 10, 01+40 on the basis, 2600-2650 on the 10, 01+43/+45 on the basis, 2600-2650 on the 11, 01+50 on the basis.
Forecast for the future
International crude oil prices rose strongly, driving the chemical sector to collectively rise, the main contract price of methanol was raised widely, the spot market price was boosted significantly, although the inventory of some manufacturers in the main producing areas increased during the National Day holiday, but after the holiday, some downstream markets have a certain replenishment demand, and driven by macro benefits, the market has a certain expectation of the market outlook. At present, it is expected that the short-term methanol market price is on the strong side, but the continued increase may be relatively limited, and it is necessary to pay close attention to the price of crude oil and coal, the operation of the on-site device and the spot price after the price of the spot price has moved up widely, and the downstream industry will follow up.
Device dynamics