Price Trend
According to the price monitoring of business associations, as of March 6, the average price of domestic methanol market was 2548 yuan/ton, and the domestic methanol market continued to climb.
II. Market Analysis
Products: Domestic methanol market shows regional trend. At present, port area maintenance period is now linked, spot on demand procurement is the main, with the futures market slightly down 10-15 yuan/ton. Mainland market continued to increase in part, downstream receipt enthusiasm is still acceptable, the overall storage pressure is not high, and part of the equipment inventory and maintenance expectations, supply or support prices; currently, freight rates in some areas have increased, downstream receipt costs have increased slightly. In the short term, the mainland market maintains an upward trend supported by favorable factors, and port areas need to pay attention to futures and inventory changes. In addition, we need to continue to pay attention to spring maintenance and actual downstream delivery.
| Thiourea dioxide |
Freight: Domestic methanol freight has been rising recently, ranging from 20-40 yuan/ton. The freight charges of Inner Mongolia North Line to Lubei increased by 30-40 yuan/ton with reference to 330-380 yuan/ton; the Southern Line to Lubei with reference to 310-350 yuan/ton with an increase of 20-40 yuan/ton; Shanxi with reference to 120-220 yuan/ton in northern Shanxi and 20 yuan/ton in high-end; Guanzhong to northern Shandong with reference to 170-200 yuan/ton with reference to 30 yuan/ton in low-end, 170-230 yuan/ton in southern Shandong and 30 yuan/ton in low-end. Xinjiang refers to about 790 yuan/ton from northern Shandong and 340-360 yuan/ton from Ningxia to northern Shandong.
Industry chain: formaldehyde: formaldehyde market continues to catch up. Influenced by methanol at the raw material end this week, formaldehyde manufacturers in the Mainland continued to push up prices. However, with the convening of the two sessions in Beijing, some areas have intensified the supervision of production safety. Henan and Shandong formaldehyde factories have stopped for some reasons, involving a reduction of more than 4,000 tons per day. Production is expected to resume around mid-late March. Acetic acid: The domestic acetic acid Market surface is temporarily stable, but the market competition continues to intensify. Under the pressure of supplier’s inventory quantity, the discount of negotiation terminal benefits is obvious. However, the acetic acid market continues to decline, there is no new purchase intention downstream, and the market turnover is light. Domestic inventory makes the market tend to be in short supply. In March, some PTA manufacturers overhauled the demand for acetic acid, which is expected to decrease by 0.8W tons, and the situation of oversupply in domestic acetic acid market will continue to intensify. Dimethyl ether: Dimethyl ether prices were consolidated, falling or rising. The methanol market is strong and upward, and the profit of raw material extraction enterprises is not downward. Under the strong support of cost, each region is experimenting a small increase, and the end-users are afraid of rising. At present, each manufacturer is running smoothly without stock accumulation.
3. Future Market Forecast
Business Cooperatives Viewpoint: On the positive side, equipment: Mainland based on spring inspection and other factors, and under the influence of environmental protection policy, maintenance enterprises have increased, short-term local supply or contraction; olefins: olefins: good procurement, pre-sale, support raw material methanol prices; environmental protection: Shanxi Province due to environmental protection production restrictions, supply side has tightened; freight: local freight has moved up, the cost has increased slightly. Rise. Inventory: Port area inventory is still high, short-term difficult to digest; downstream demand: under the influence of local environmental protection, some downstream construction is still limited; mentality: recent methanol prices have increased significantly, and some downstream operators’mentality has weakened. Methanol analysts at business associations predict that the short-term domestic methanol market will rise slightly.
| Thiourea |