First, the price trend

According to the price monitoring of the business community, as of September 4, the average domestic methanol market price was 3,047 yuan / ton, the overall market price rose in a narrow range, the price increased by 11.22% over the same period last year.

Second, the market analysis

Products: The domestic methanol market is showing regional trends, and the port is mostly running down the disk. The mainland market is performing well. Considering that some manufacturers have overhauled the equipment and the overall inventory of the manufacturers is low, the market fundamentals are still boosted, and the mainland methanol market is smooth. The northwest guides the price increase and focuses on the transmission to the surrounding markets. Need to pay more attention to futures, actual shipments of manufacturers, etc.

Industry chain: Formaldehyde: Shandong formaldehyde has a general overall performance, and downstream demand is just the mainstay. The raw material methanol is higher, and the cost is supported by the surface. Acetic acid: The domestic glacial acetic acid market still fell at the beginning of the week, due to the lower prices of some enterprises on the weekend, the opening offer was low. Dimethyl ether: End users gradually delisted and digested their inventories. The seller’s inventory continued to increase slowly, sales were under pressure, and the overall market price trend was stable and narrow. The overall market supply is still abundant. As the company’s inventories increase, the domestic DME market is expected to remain empty.

Third, the market outlook

Business community view: On the positive side, under the influence of environmental protection, Shanxi and North Jiangsu coke oven gas-making methanol projects are limited. At present, Shanxi Linyi and other places limit the production and reduce the negative; Xuzhou restarts the factory parking in the early stage; Zhongyuan Ethylene, Jiangsu Selbang MTO is now The operation is stable, the raw materials are maintained in normal mining, and it is supported by the regional and surrounding markets. Under the influence of the “guarantee supply” of natural gas, the domestic gas supply reduction in the fourth quarter is not expected to decrease, and the local arrival of goods in the region and East China will be formed. Direct impact; the northwest guidance price will rise to 2,700 yuan / ton, which will transmit the surrounding market. The Shandong Lunan Guohong installation has been overhauled for about 15 days since September 3; the shutdown of the northwest Shenmu plant and the maintenance of the Ningxia methanol plant are expected, and the supply of methanol resources in some areas is tightening. In the negative, under the environmental supervision, the downstream plates and BDOs are maintained at a low level, and the demand for formaldehyde and other resources is mainly on demand; the futures are rebounding, and the weak operation is the main, dragging the port spot. The methanol analyst of the business community expects that the methanol market will continue to rise in the short term, focusing on downstream receiving, arrival and futures trends.