Methanol price index chart
On July 1, the methanol market price index was 2157.06, an increase of 4.89 from the previous working day, an increase of 0.23% from the previous working day.
Summary of today's market price
External disk dynamics:
Methanol close on June 28:
China's CFR 293-298 US dollars / ton, up 1 US dollars / ton;
US FOB 107-108 cents/gal, flat;
Southeast Asia 357-358 US dollars/ton, flat;
European FOB 319.75-320.75 euros/ton, down 3 euros/ton.
Today's Price Summary:
Guanzhong: 2220-2270 (0), North Line: 2050-2100 (10), Lunan: 2370-2380 (-10), Henan: 2330-2340 (0), Shanxi: 2200-2280 (0), Port: 2520-2535 (-15)
Freight:
North Line - Lubei 230-290 (-10/0), North Line - Lunan 300-340 (-30/-30), South Line - Lubei 230-260 (0/0), Guanzhong - Lunan 140-180 (0/-10)
spot market
Today, the price of methanol in the spot market has risen in a narrow range, some enterprises in the northwest have mainly traded at a premium auction, downstream and traders just need to replenish their stocks on dips, the market buying atmosphere is acceptable, the futures market range is volatile, and the port spot market quotation is adjusted with the disk. Specifically, the market price in the main producing areas has been raised in a narrow range, the southern line quotation is around 2050-2060 yuan/ton, stable, the northern line quotation is around 2050-2100 yuan/ton, and the low-end is raised by 10 yuan/ton, the overall shipment situation of manufacturers in the region is better, Rongxin today's starting price is reported to 2040 yuan/ton, the quantity is 8000 tons, and the final 2060 yuan/ton is all traded, and the starting price of Yulin Yankuang is reported at 2090 yuan/ton, the number is 3000 tons, and the final is 2100-2110 yuan/ tons of all deals. The market price in Shandong, the main consumption area, was adjusted in a narrow range, 2370-2380 yuan/ton in Lunan and 2360-2380 yuan/ton in Lubei, and the auction price in the peripheral areas was acceptable, but the market demand in the region continued to be weak, and the manufacturer's quotation did not change much. North China market quotation narrow range adjustment, today Hebei price 2280-2350 yuan / ton, the beginning of the week market wait-and-see sentiment is strong, new single volume is limited, Shanxi today price 2200-2280 yuan / ton, the region of methanol terminal demand is weak unchanged, the fundamentals lack of good, the overall change in the manufacturer's quotation is not big.
Port Market
Today, methanol futures fell in the morning and rebounded in the afternoon. A small amount of spot is just needed. Paper shipments are positive, individual bargain pick-up, arbitrage buying is the mainstay, the basis weakens fast in the month, the forward fluctuation is small, and the 7/8 spread widens. The overall transaction price is acceptable, the transaction price of Taicang main port: spot transaction: 2525-2535, basis 09-10/-5, 7 transaction: 2520-2535, basis 09-10/-5, 7 medium transaction: 2530-2540, basis 09-8/+0, 7 transaction: 2530-2550, basis 09-5/+10, 8 transaction: 2555-2565, basis 09+20/+25.
Forecast for the future
At present, the mainland market is still in a situation of oversupply, although the terminal downstream and traders have a certain replenishment demand, but the phased replenishment is difficult to form a certain support for the market, coupled with the current downstream market demand is still not significantly improved, and the short-term methanol itself fundamentals have no obvious positive support. At present, the contradiction between supply and demand in the mainland market is still the same, and the price in the mainland market continues to push up the momentum or is insufficient, and it is expected that the short-term methanol market price will be adjusted in a narrow range, but it is necessary to pay attention to the coal price, the operation of the on-site device and the follow-up of downstream demand in the later stage.
Recent plant operation