According to the monitoring data of the business community, on September 20, the domestic methanol port in East China was 2710 yuan/ton, down 2.74% from the previous working day and 13.97% year on year. On September 20, the methanol futures of Zhengzhou Commodity Exchange fell back in shock. The main contract MA2301 closed at 2660 yuan/ton at the end of the trading day, down 35 yuan/ton, or 3.24%, compared with the closing of the previous trading day.
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The international oil price fluctuated widely, the higher coal price supported the methanol production cost, and the methanol market rose broadly in the early stage. In terms of spot goods, the domestic methanol market as a whole has a fair turnover. At present, there is no pressure on the inventory of production enterprises, and they are willing to support the price. Traders and downstream enterprises are mainly wait-and-see. At the same time, the early production enterprises’ equipment maintenance has resumed normal operation, the supply has increased, the early rise has been consumed, and the shock is the main reason.
In the short term, the domestic methanol market is dominated by high volatility.
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