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Methanol: Futures continued to rise, and spot quotations rose in a narrow range

author:Coatings market analysis
Methanol: Futures continued to rise, and spot quotations rose in a narrow range

Methanol price index chart

On July 2, the methanol market price index was 2157.75, an increase of 0.68 from the previous working day, an increase of 0.03% from the previous working day.

Methanol: Futures continued to rise, and spot quotations rose in a narrow range

Summary of today's market price

External disk dynamics:

Methanol close on July 1:

China's CFR 292-295 US dollars / ton, down 1 US dollars / ton;

US FOB 107-108 cents/gal, flat;

Southeast Asia 355-356 US dollars / ton, down 2 US dollars / ton;

European FOB 325.75-326.75 euros / ton, up 6 euros / ton.

Today's Price Summary:

Guanzhong: 2200-2260 (-20), North Line: 2070-2120 (20), Lunan: 2370-2380 (-10), Henan: 2330-2365 (0), Shanxi: 2180-2300 (-20), Port: 2530-2550 (10)

Freight:

North Line - Lubei 230-290 (0/0), North Line - Lunan 300-340 (0/0), South Line - Lubei 230-260 (0/0), Guanzhong - Lunan 140-180 (0/0)

spot market

Today, the price of methanol market has risen in a narrow range, and the futures market has been boosted by the increase in crude oil, which has formed a certain support for the mentality of the industry in the field, and with the operation of the downstream to fill the gap, the market transaction atmosphere has improved slightly compared with the previous period, and the shipments of manufacturers in the main producing areas are relatively smooth. 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 2070-2120 yuan/ton, and the low-end is raised by 20 yuan/ton. The market price in Shandong, the main consumption area, was adjusted in a narrow range, 2380 yuan/ton in Lunan and 2340-2360 yuan/ton in Lubei. North China market quotation narrow range adjustment, today Hebei price 2280-2350 yuan / ton, the current majority of methanol enterprises in the inventory pressure is not large, in the low warehouse support manufacturers are obvious, but the methanol market demand side in the short term has not been significantly improved, the market transaction is difficult to have volume; Shanxi today's price of 2180-2300 yuan/ton, low-end down 20 yuan/ton, the traditional downstream industry has entered the off-season of consumption, the methanol market just needs to shrink, downstream manufacturers store price operations, and buy more rigid demand.

Port Market

Today, methanol futures rose. Paper goods are shipped at high prices, arbitrage buying is the mainstay, receiving goods is cautious, the proximal basis is weak, and the price difference widens in the month. The overall transaction is acceptable. The transaction price of Taicang main port: 2530-2550 on 7, 09-20/-15 on the basis, 2550-2555 on the 7, 09-20/-15 on the basis, 2535-2565 on the 7, 09-10/-7 on the basis, 2575-2585 on the 8, 09+15 on the basis.

Methanol: Futures continued to rise, and spot quotations rose in a narrow range

Forecast for the future

Recently, the overall transaction situation of the mainland market has improved compared with the previous period, the futures disk has fluctuated upward, to a certain extent, to support the mentality of manufacturers, and the enthusiasm of downstream operators to enter the market to replenish goods is acceptable, with the operation of the industry to fill the gap in stages, the shipment situation of manufacturers in the main producing areas has improved compared with the previous period, and some regional devices in the mainland market have recently had maintenance plans, Xinjiang Guanghui, Shandong Alliance and other devices have been stopped, and Changqing, Hebi and other devices have been stored in mid-July, and the supply side has a certain good support. However, considering that there is no obvious positive support for the current downstream market demand, some industry players in the market still have a certain wait-and-see sentiment towards the market outlook. At present, 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

Methanol: Futures continued to rise, and spot quotations rose in a narrow range