Price Trend

According to the price monitoring of business associations, as of March 11, the average price of domestic methanol market was 2572 yuan/ton, and the domestic methanol market was in a general trading atmosphere.

II. Market Analysis

Products: Domestic methanol market trading atmosphere is general, regional trend is obvious. In the port area, futures shocks have fallen, and the stock pressures in the port are relatively high, which weakens the spot market. On the mainland market, some areas maintain high prices under the favorable factors such as spring inspection and environmental production restriction; partly due to the accumulation of some downstream goods, plus a larger increase in the previous period, the atmosphere of goods has weakened.

Freight: Domestic methanol freight has fallen slightly in recent days. The freight rates of Inner Mongolia North Line to North Shandong are 270-340 yuan/ton, which is 30 yuan/ton lower than that of earlier period; 300-320 yuan/ton from South Line to North Shanxi; 110-180 yuan/ton from Part Shanxi to North Shandong; 170-200 yuan/ton from Guanzhong to North Shandong and 130-210 yuan/ton from South Shandong.

Industry chain: formaldehyde: Shandong formaldehyde Market consolidation, under the influence of the two sessions and environmental protection, most downstream Linyi shut down, the market trading atmosphere weakened. Acetic acid: The domestic market of glacial acetic acid is stabilizing. Prices of individual enterprises are on the low side and goods are in good condition. Some acetic acid plants have been reduced in load and planned maintenance, and the supply has been reduced. Dimethyl ether: Dimethyl ether market continues to rise, the market atmosphere is still acceptable. The manufacturer delivers goods well and has a strong mentality of low-level inventory operation.

3. Future Market Forecast

Business Cooperatives Viewpoint: On the positive side, device: Mainland based on spring inspection and other factors, and under the influence of environmental protection policy, maintenance enterprises have increased, short-term partial supply or contraction; Spot supply: Mainland upstream enterprises maintain a low inventory, mostly foreign exchange, limited shipment; Environmental protection: Shanxi Province due to environmental protection production restrictions, supply has been tightened. Inventory: Port area inventory is still high, short-term difficult to digest; downstream demand: formaldehyde affected by the two sessions and environmental protection, partial downstream shutdown, reduced demand for raw material methanol; futures market: poor futures performance, leading to spot market decline; freight: local freight slightly fell, delivery costs reduced. Methanol analysts at business associations expect that short-term market growth will slow down, with partial or slight weakening. They also need to pay attention to on-site equipment maintenance and futures market changes.