Methanol prices are slightly lower

Last week, the domestic methanol market oscillated weaker and prices fell slightly. With the partial resumption of methanol plant operation, and the arrival of imported methanol, the market supply gradually increased, coupled with the continuous decline in the international chemical market prices on the negative impact of the domestic market, methanol prices lack of upward momentum. In the short term, although the increase in cost has certain support for methanol pricing, after the market has risen sharply and the demand is weak, the market outlook still has some room for decline.

From a regional point of view, the methanol market in East China fluctuated within a narrow range and was stimulated by the declining overall stock market. The price rebounded slightly. The market's mainstream price was between RMB 3,350 and RMB 3,450 (t price, the same below); the methanol market in southern China was weak, and the offer price was slow. Although the Asian Games restricted the production and transportation of chemical products, resulting in tight supply of the stock, due to the limited downstream construction, the market demand was weak, the trading atmosphere was light, traders shipped poorly, and the quotation declined slightly. The mainstream price in the market was 3,600. ~3700 yuan; Huazhong methanol started stable, adequate supply, weak decline, the mainstream ex-factory price in 3000 ~ 3070 yuan; North China methanol plant operating rate increased, prices fell sharply, the lack of market initiative buying, sources are more relaxed, holding out Intention to increase goods, the mainstream ex-factory price in the 2850 ~ 3150 yuan; Northeast methanol market is basically stable, the price has been weak, the local stock supply is relatively stable, the main holding business mentality is acceptable, methanol prices are not volatile, but by the coastal port of methanol The market has been weakened, buyers have a wait-and-see attitude has increased, the trading atmosphere is light, and local coal is currently Methanol mainstream in 3150 ~ 3250 yuan, natural gas, methanol mainstream in 3550 ~ 3650 yuan.