Methanol prices continue to fall

At present, the methanol plant as a whole is operating normally and the supply is sufficient. The port inventory is at a high level. The downstream industry is underemployed, the demand for raw materials is low, and the transaction volume is sluggish. The market price remains declining.

The market in East China was light and prices fell slightly. Downstream demand stagnated, the market lacked effective negotiations, and spot stock remained high. Traders looked down on prices and prices continued to decline. As of the end of last week, the mainstream market price was 2670-2780 yuan (t price, the same below). Among them, the Jiangsu market has sufficient supply and the price has fallen slightly. The mainstream offer is in the range of RMB 2670 to RMB 2700. The Ningbo market has a low trading interest and the mainstream offer is in the range of RMB 2,730-2,780. The Shandong market is operating weakly, the price is slowly declining, the market supply is sufficient, the manufacturers' sales are sluggish, and the quotation is reduced slightly. The mainstream ex-factory price is between RMB 2,600 and RMB 2,720. The eastern and southern manufacturers have high inventory, and the mainstream ex-factory price is between RMB 2,680 and RMB 2,720; the southern manufacturers Poor shipments, mainstream prices fell to 2600 ~ 2630 yuan. The market in Anhui is moving steadily with a narrow range of price fluctuations. The mainstream offer is between 2740 and 2760 yuan.

The market in South China is relatively stable and prices remain firm. The atmosphere of market transactions was light, buyers were cautious, and purchased in small quantities in relatively low positions. Traders are slow to ship but are supported by cost support quotes. As of last weekend, the mainstream market price was between 2830 and 2850 yuan. The trend of the Fujian market weakened and the trading atmosphere was weak. Traders’ shipments slowed down and the price was lowered to 2950-3000 yuan.

The market in central China was sluggish and prices continued to fall. The mainstream ex-factory price in Henan is between RMB 2,650 and RMB 2,700, of which the western region's manufacturers are not well-supplied, and the quotation is slightly lower. The mainstream ex-factory price is between RMB 2650 and RMB 2670. The sales of mid-eastern manufacturers are weak, and the mainstream quotation is between RMB 2680 and RMB 2700. The markets in the two lakes were relatively fatigued. Among them, the Hunan market slumped, prices fell slightly, and the mainstream offer price was between RMB 2,800-2,850. The Hubei market was light and the traders had certain shipping intentions. The mainstream offer fell to RMB 2,750-2,800.

The supply in North China is sufficient and prices continue to fall. Inadequate market intentions, factory inventory is high, there are certain shipping requirements. As of last weekend, the mainstream ex-factory price was between 2,500 and 2,700 yuan. The market in Shijiazhuang is in a sluggish market and the demand is relatively low. Traders are not able to ship smoothly and the price is slowly declining. The mainstream ex-factory price is 2620 to 2650 yuan. Shanxi manufacturers shipped slowly, and the low-end price was slightly reduced. The mainstream quoted price was between 2,500 and 2,620 yuan.

The market trend in Northeast China has gradually declined and prices have been slowly falling. Weak market demand, end-user acceptance of goods is not high, manufacturers ship poorly, quotations continue to decline, the mainstream offer in the 2500 ~ 2650 yuan; the amount of methanol in the field to Liaoning is sufficient, the trading atmosphere is quiet, traders shipped slowly, Quotes gradually fell, the mainstream price in 2700 ~ 2800 yuan.

Although the market lacks trading highlights, due to rising electricity prices and logistics prices, the cost of holders of warehouses has increased. Therefore, the downside of methanol is relatively limited. The short-term methanol market is still dominated by weaker positions.

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