Price Trend
According to the price monitoring of business associations, as of January 16, the average price of domestic methanol market was 2308 yuan/ton. Overall, the domestic methanol market was slightly weaker, with the price falling by 33.70% compared with the same period last year.

II. Market Analysis

Products: Domestic methanol slightly weakened, the current trading atmosphere is weak, some businessmen mainly wait-and-see. Port market, narrow volatility of futures, increase in arrivals to Hong Kong and local decline in the Mainland dragged, slightly down. Mainland market, continue the regional trend, due to weakening market demand in South China, North China, Shandong, Southwest and other parts of the market, combined with the expectation of enterprise depot, daily decline of 10-50 yuan/ton, other areas temporarily stabilized. With the approaching of the Spring Festival, some downstream manufacturers have plenty of stock in the early stage, and the market activity has weakened. Short-term market or narrow-band consolidation.

Industry chain: formaldehyde: raw material methanol narrow finishing, formaldehyde cost support is general, Shandong formaldehyde partial with raw material finishing. Linyi is now around 1080-1100 yuan/ton, Zibo and its surrounding areas around 1200-1300 yuan/ton. Focus on the recent start-up of formaldehyde manufacturers in southern Shandong. Acetic acid: The domestic glacial acetic acid market is stable. Towards the end of recent years, the intention of downstream reserve will gradually weaken. At present, considering the relationship between supply and demand, downstream reserve is cautious. Individual warehouse pressures are still high, but the offer is temporarily stable. Most of them have a wait-and-see mentality, while the latter is unstable. Dimethyl ether: The domestic dimethyl ether Market has stabilized all the way, and downstream users are still replenishing on demand. However, the trend of liquefied petroleum gas has fallen sharply in recent days, or the dimethyl ether Market has become negative, mainly in the short term or remains stable.

3. Future Market Forecast

Business Cooperatives’Viewpoint: On the positive side, the opening of the arbitrage window between the outer market and the far moon is still acceptable in the near future, some of the outer market goods are hedging and the bargaining price of the outer market is slightly upward; on the raw material side, during the heating period in winter, the demand of coal and natural gas market is still acceptable, and the prices are relatively high to provide cost support for methanol; on the other hand, olefins: the current price of methanol is at a low level, and the economic recovery of olefins is still good. However, we should pay attention to MTO picking and restarting in China. On the negative side, supply: in the near future, more than 70% of the equipment has been started, and the supply has been improved. At present, the market supply is relatively sufficient, and the contradiction between supply and demand still exists. Port: It is known that the recent arrival of goods at the port is concentrated and the stock is abundant; in the near future, some enterprises are facing capital withdrawal and liquidity shortage; demand side: at present, downstream products are not performing well, showing a downward trend, and terminal demand is weakening. 。 Methanol analysts at business associations predict that short-term domestic methanol market or narrow-band consolidation will dominate.