Methanol market is mixed and the market outlook is hard to be optimistic

According to the latest monitoring data, the methanol market was mixed on the 14th. The Shandong Lunan region continued its upward trend last week (up 30 yuan/ton), and the mainstream reported at 2,460–2530 yuan/ton; the Shanxi market was affected by the surrounding price increase, and the mainstream ex-factory price was raised by 30 yuan/ton; the methanol in Hebei Province Prices rose by 20-50 yuan/ton, prices in the Inner Mongolia market rose, prices in Ordos increased, prices of methanol in Wuhai district decreased by 120 yuan/ton, and in Northeast China, due to poor shipping, prices of some companies went down. fall. In terms of ports, the east-central and south-central ports have a weaker consolidation.

Methanol **: On January 14th, methanol fell rapidly after the opening bell, and then bottomed out and the methanol high fell back in the afternoon. Zhengzhou methanol main 1305 contract opened at 2798 yuan / ton, to close at 2808 yuan / ton, down 0.04%. The intraday trading range is 2788-2828 yuan/ton. Deal 21,322 hands, positions 15846 hand, incremental lighten up.

Methanol external disk: On Friday, CFR China main port methanol closing price was 354-355 US dollars / ton; CFR Southeast Asia methanol closing price was 365-366 US dollars / ton; FOB US Gulf methanol closing price was 122-122.5 US cents / gallon, The flat; FOB Rotterdam methanol closing price of 316.5-317.5 euros / ton.

At present, the operating rate in the methanol field is above 60%, and the supply is still abundant. The downstream demand is still relatively depressed, the downstream replenishment of formaldehyde is approaching completion, and its own stocks are gradually increasing. The outlook for the market is unlikely to improve. In addition, most of the formaldehyde plants will be shut down for maintenance in the middle of the month, which will be detrimental to the methanol market, and the dimethyl ether market will operate weakly. The acetic acid market maintained its previous trend and demand for methanol was limited. Although prices in some areas have been raised, the contradiction between supply and demand has not disappeared, and the outlook for methanol is not optimistic.