I. price trend

According to the price monitoring of the business agency, the domestic methanol market is stable. As of December 6, the average price of the domestic methanol market is 2152 yuan / ton. The price is 0.12% higher than that of the same period last month and 9.56% lower than that of the same period last year.

II. Market analysis

Product: methanol market in China is stable, with slight adjustment in some areas. Most enterprises in the domestic market offer stable prices, and some units in Southwest China are shut down. Under the tight supply, the market price of methanol in this region has moved up, and some enterprises have stopped selling due to low inventory. In the port market, futures prices continue to move up, supporting the rise of spot prices. In the short term, we need to continue to pay attention to the changes in port inventory.

Industry chain: formaldehyde: the domestic formaldehyde market is light and stable. The company’s offer is stable temporarily, the upstream methanol narrow range finishing operation has no impact on the formaldehyde market temporarily, the downstream market just needs to purchase, and the overall transaction is relatively general. In the near future, there are environmental regulations in some areas, formaldehyde and downstream markets may be lower, and the cost is difficult to support. It is expected that the formaldehyde market will be weak in the short term.

Acetic acid: the atmosphere of domestic acetic acid market is waiting. The price offered by the northwest suppliers still gives way to the profit and aggravates the bearish mentality of the North China market. However, the price offered by the suppliers in the East China and central China markets is temporarily stable and aggravates the wait-and-see mentality of the market. The market is still biased towards supply over demand, and the market is in a passive phase of decline.

Dimethyl ether: the domestic dimethyl ether Market Trading atmosphere improved, and the price went up. At present, the price of dimethyl ether keeps a small rising pace in a short term, but due to no substantial change in terminal demand, after a short replenishment, traders or continuous wait-and-see, there is little room for the price to continue to rise.

III. future forecast

From the perspective of Business Club: on the positive side, supply: some units in Southwest China have been parked and supply in the yard is tight; olefin: new olefin units put into operation in Shandong Province operate smoothly and purchase materials in stock in the near future; futures: the futures market continues to rise, boosting the spot market. On the negative side, inventory: at present, the external price is low, the port has plenty of spot goods, and the inventory is still high; demand: the traditional downstream demand is weak, the local market is not good, and the actual order is loose. The methanol analyst of the business association predicted that the domestic methanol market will continue to be consolidated in the short term.