In September, the domestic methanol market rose unilaterally. According to the monitoring data of the business community, the domestic methanol market in East China in early September was 2528 yuan/ton, and the price at the end of the month was 3012 yuan/ton. The price increased by 19.17% in the month, with the maximum amplitude of 20.35%, down 16.61% year on year.
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According to the price monitoring of the business community, there are 9 kinds of commodities in the energy sector that have risen month on month in the list of commodity price rises and falls in August 2022, including 5 kinds of commodities that have risen more than 5%, accounting for 38.5% of the number of monitored commodities in this sector; The top three commodities were diesel (12.09%), gasoline (10.91%) and dimethyl ether (7.04%). There were 4 kinds of commodities that declined month on month, and 3 kinds of commodities that declined by more than 5%, accounting for 23.1% of the number of monitored commodities in this sector; The top three decline products were LNG (-9.63%), WTI crude oil (-7.08%) and Brent crude oil (-5.90%). The average rise and fall this month was 1.84%.
Summary of methanol market prices by regions as of September 30:
Region, price
Qinghai region, no quotation
In Shanxi Province, the mainstream ex factory price refers to 2560 yuan/ton factory cash
Liaoning, about 2740-2760 yuan/ton
Fujian Province, 2820-2860 yuan/ton
Two Lakes region, about 2900-2915 yuan/ton
Anhui Province, about 2840-2900 yuan/ton
Henan, 2950 yuan/ton
At the beginning of the month, the domestic methanol market rose in shock. The main reasons are the short term shortage of supply and the short term rise in demand. The downstream receiving price has risen significantly. There is a demand for goods in stock. The traders’ mentality is stable and improving. The quotations of major manufacturers at ports and in the mainland have been continuously raised. Some manufacturers have been bidding well, mainly at a premium starting price. However, the rise in freight has restrained the growth of the internal real estate area.
In the first ten days of this month, the domestic methanol market rose sharply and fell back. In the early stage, the methanol price rose significantly. Recently, the rise slowed down, and prices in some regions fell back. The international crude oil price fluctuated at a high level, while the coal price supported at a high level. At present, the main reasons that affect the methanol price are supply and demand. Most of the early maintenance devices have been restarted, and new devices such as Jiutai and Kunpeng have been put into operation. The supply has increased. However, the demand is general, most of them are rigid, and there is no sign of increase in the short term. Traders are mainly wait-and-see, and the international demand is poor. The rise of methanol market has slowed down, and the market is mainly volatile.
In the last ten days of this month, the domestic methanol market in East China rose in shock, and some traders had no offers. Although the international crude oil fluctuates downward, the coal price is firm, the raw materials support the methanol market, and there is a strong intention to stock up downstream before the festival. There is a slight difference between regions. Some regions are short of supply and have strong demand. Some regions have sufficient supply and general demand. The trend of the methanol market is slightly different between regions.
According to the price monitoring of the business community, in August 2022, there were 5 kinds of rising commodities, 3 kinds of falling commodities, and 0 kinds of zero rising and falling commodities in the methanol industry price list. The main commodities that rose were dimethyl ether (7.04%), chloroform (4.63%) and formaldehyde (3.87%); The main commodities falling were acetic acid (-9.25%), DMF (-5.56%) and methanol (-0.59%). The average rise and fall this month was 0.4%.
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In terms of external market, as of September 29, the closing price of CFR Southeast Asia methanol market was 366.00-367.00 US dollars/ton, up 2 US dollars/ton. The US Gulf methanol market closed at 105.75-106.75 cents/gallon, down 1 cents/gallon; FOB Rotterdam methanol market closed at 350.00-351.00 euros/ton.
Region, country, closing price, up and down
Asia, CFR Southeast Asia, 366.00-367.00 USD/ton, 2 USD/ton
Europe and America, Gulf of America, 105.75-106.75 cents/gallon, – 1 cents/gallon
Europe, FOB Rotterdam, 350.00-351.00 euro/ton, 0 euro/ton
The firm coal price supports the production cost of enterprises. Methanol analysts of the business community predict that the domestic methanol market may be strong.
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