The main methanol 1301 contract on the 31st to 2628 yuan / ton to open low, met resistance fell, the highest intraday 2659 yuan / ton, the lowest 2622 yuan / ton, to 2647 yuan / ton to close, up 6 yuan / ton, volume 40160 Hand, holding 27,170 lots, reduced 4,146 lots.
Spot market: Quotes stabilized and trading sentiment stagnated.
East China: East China methanol quoted strong, the atmosphere is poor, the mainstream of Jiangsu methanol range 2790-2800 yuan / ton, mostly small singles, big single transaction is more stalemate, buyers intention to focus 2780-2790 yuan / ton, selling at the high end, Ningbo Cans of 2870-2900 yuan / ton range, many small singles to take the goods; Shandong methanol midday closed at 2650-2800 yuan / ton, unchanged from yesterday, partially received goods prices slightly Yinyin.
North China: The methanol market in Shanxi is slightly stable. Most of the manufacturers are still in a condition of shipment. The local inventory is slightly increased. The spot exchange price of the local companies is 2520-2590 yuan per ton; the methanol plant price in Hebei has been raised, but the price in some areas has increased. The activity of receiving goods was poor. The mainstream shipping range of the area was 2660-2730 yuan/ton, and the high-end was up 30 yuan/ton from yesterday.
South China: The South China methanol market has not changed much. The mainstream canning market in Guangdong has been concentrated at RMB 2740-2780/ton, and part of the offer is around RMB 2760-2780/ton to negotiate the low end.
International Market: The Asian methanol market closed down slightly by US$1/ton yesterday, CFR China closed at US$355-357/ton, and CFR South East Asia closed at US$359-361/ton.
In the downstream market, the price of formaldehyde rose steadily, and local shipments improved slightly. In Shandong and Hebei, the operating rate was concentrated at 5-6 percent, and some large Hebei enterprises were high. The market price of acetic acid was relatively stable. The negotiation was about 2900-3200 yuan/ton, the local supply was tight, and the downstream purchases were cautious and the transactions were general. Dimethyl ether prices have bottomed out, but the current demand for downstream terminals has not yet fully started. The upward pressure on prices in the later period is still relatively large. It is expected that the price of each manufacturer will gradually increase at a later stage, and the upward trend may gradually slow down.
Operational strategies: In terms of spot prices, prices have stabilized and the manufacturers still have very willing prices, but the downstream is cautious, the market atmosphere is stalemate, and methanol stocks have climbed up. It is expected that the prices will be adjusted back next week. Today's main 1301 methanol contract rebounded slightly, opened lower and higher, finished lower, the price is still weak, the top 2660 resistance was obvious, the transaction returned to the previous constant, significantly lighten up in the day, given the low demand for methanol to reproduce, it is expected that this rebound is limited, It is highly probable that the price of methanol will continue to fall. It is recommended that investors not blindly buy the bottom and focus on the pressure on the top 2650.
Spot market: Quotes stabilized and trading sentiment stagnated.
East China: East China methanol quoted strong, the atmosphere is poor, the mainstream of Jiangsu methanol range 2790-2800 yuan / ton, mostly small singles, big single transaction is more stalemate, buyers intention to focus 2780-2790 yuan / ton, selling at the high end, Ningbo Cans of 2870-2900 yuan / ton range, many small singles to take the goods; Shandong methanol midday closed at 2650-2800 yuan / ton, unchanged from yesterday, partially received goods prices slightly Yinyin.
North China: The methanol market in Shanxi is slightly stable. Most of the manufacturers are still in a condition of shipment. The local inventory is slightly increased. The spot exchange price of the local companies is 2520-2590 yuan per ton; the methanol plant price in Hebei has been raised, but the price in some areas has increased. The activity of receiving goods was poor. The mainstream shipping range of the area was 2660-2730 yuan/ton, and the high-end was up 30 yuan/ton from yesterday.
South China: The South China methanol market has not changed much. The mainstream canning market in Guangdong has been concentrated at RMB 2740-2780/ton, and part of the offer is around RMB 2760-2780/ton to negotiate the low end.
International Market: The Asian methanol market closed down slightly by US$1/ton yesterday, CFR China closed at US$355-357/ton, and CFR South East Asia closed at US$359-361/ton.
In the downstream market, the price of formaldehyde rose steadily, and local shipments improved slightly. In Shandong and Hebei, the operating rate was concentrated at 5-6 percent, and some large Hebei enterprises were high. The market price of acetic acid was relatively stable. The negotiation was about 2900-3200 yuan/ton, the local supply was tight, and the downstream purchases were cautious and the transactions were general. Dimethyl ether prices have bottomed out, but the current demand for downstream terminals has not yet fully started. The upward pressure on prices in the later period is still relatively large. It is expected that the price of each manufacturer will gradually increase at a later stage, and the upward trend may gradually slow down.
Operational strategies: In terms of spot prices, prices have stabilized and the manufacturers still have very willing prices, but the downstream is cautious, the market atmosphere is stalemate, and methanol stocks have climbed up. It is expected that the prices will be adjusted back next week. Today's main 1301 methanol contract rebounded slightly, opened lower and higher, finished lower, the price is still weak, the top 2660 resistance was obvious, the transaction returned to the previous constant, significantly lighten up in the day, given the low demand for methanol to reproduce, it is expected that this rebound is limited, It is highly probable that the price of methanol will continue to fall. It is recommended that investors not blindly buy the bottom and focus on the pressure on the top 2650.
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