May 17, 2024

Methanol market consolidation

Last week, the domestic methanol market was dominated by strong consolidation. At present, most downstream product prices are operating at higher prices, and market demand is relatively stable.

The market in eastern China was slightly weaker, and high-end prices fell slightly. The market supply was normal, and the downstream demand was stagnant. The turnover was weak. Traders' shipments have slowed down and high-end price deals have decreased. The mainstream price quoted at the weekend was between 2850 and 2930 yuan (t price, the same below).

The market atmosphere in South China is calm and the price fluctuates in a narrow range. The active level of active negotiation declined, the spot supply was normal, traders had certain stocks, and the shipping speed was normal. There was no intention of lowering prices for the time being. The mainstream market price is between 3000 and 3030 yuan.

The trading atmosphere in the Central China market was stable and prices rose slightly. The mainstream ex-factory price in Henan is between 2700 and 2780 yuan. Among them, the methanol factory in western Henan Province has normal shipments, and the mainstream factory price is in the range of 2700 to 2750 yuan. The manufacturers in the mid-eastern region have enjoyed smooth sales, and the mainstream prices are in the range of 2,750 to 2,780 yuan. The market trends in the two lakes regions are stable and the prices are slightly higher. Among them, the market supply in Hunan is normal, and the mainstream quotation is between 2900 and 2950 yuan; the spot stock in the Hubei market is normal, and the traders' mentality is stable, and the quoted price is not volatile. The mainstream quotation is between 2850 and 2900 yuan.

Spots in North China have decreased, and prices have gradually increased. The recent lack of supply of methanol from the stock market stimulated the initiative in market talks to increase, the trading atmosphere was more active, and the price rose slightly. The mainstream ex-factory price last weekend was 2600-2780 yuan. In Shijiazhuang, due to the reduction in the supply of some methanol plants, the holders shipped smoothly and the prices rose slightly. The mainstream factory price is 2750-2780 yuan. The supply of methanol in Shanxi is stable, and the downstream demand is still acceptable. Traders have a good attitude and offer prices increase slightly. At present, the mainstream price of methanol is in the range of 2,600 to 2,720 yuan.

The supply and demand in the northeastern region is relatively balanced and prices are sideways. Downstream starts remain stable, terminal buyers normally purchase raw materials, methanol manufacturers ship in general, the price is relatively stable, the current mainstream quotes in the 2700 ~ 2750 yuan; the field of methanol supply to the Liaoning region is relatively stable, traders shipped normal, low Side quotes slightly increased, the mainstream price of 2800 ~ 2850 yuan.

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