On August 23, methanol futures in Zhengzhou Commodity Exchange continued to rise, and the main contract ma2201 closed at 2921 yuan / ton, an increase of 4.62% during the day. Methanol spot market is still low consolidation. According to the monitoring of business agency, as of August 23, the average price of domestic methanol production enterprises in Shandong was 2580 yuan / ton, with a month on month decrease of 0.19% and a year-on-year increase of 59.75%.

At present, crude oil continues to decline and coal prices are relatively strong. The new price of major production enterprises in the main production areas of Northwest China rose by about 30-50 yuan / ton this week, which has obvious positive guidance for the market. Traders are relatively active, but the downstream demand is relatively weak. In the short term, methanol just needs to be purchased, and the rise of the whole methanol market is weak.

Summary of methanol market prices in various regions as of August 23:

Region, price

Qinghai region 2160 yuan / ton factory withdrawal cash exchange

Shanxi region 2300-2320 yuan / ton factory withdrawal cash exchange

Liaoning region 2480-2500 yuan / ton factory delivery

Fujian region 2725-2740 yuan / ton, tax included tank discharge nearby

Lianghu area Actual ex factory reference: 2550 yuan / ton factory withdrawal cash exchange

Anhui region 2600-2620 yuan / ton factory acceptance

Henan region 2455-2465 yuan / ton factory withdrawal cash exchange

Downstream, the formaldehyde market is rising steadily; The market price of dimethyl ether rose steadily, and the trading atmosphere was general; The domestic acetic acid market is stable, the factory inventory is in a rational position, the downstream purchase of acetic acid is rational, the market is in a balanced situation, and the supplier’s temporary offer is stable.

In terms of external market, as of the closing on August 20, the closing price of CFR Southeast Asia methanol market was USD 389.00-390.00/t. The closing price of the US Gulf methanol market was 133.50-134.50 cents / gallon, down 1.5 cents / gallon; The closing price of FOB Rotterdam methanol market is 424.00-425.00 euros /.

region ., Country, closing price, up and down

Asia CFR Southeast Asia USD 389.00-390.00/t USD 0 / ton

Europe and America American Gulf 133.50-134.50 cents / gallon – 1.5 cents / gallon

Europe FOB Rotterdam 424.00-425.00 euros / ton 4 euro / ton

Methanol analysts of business society expect that the short-term methanol market may be dominated by consolidation.