Futures rose sharply at the beginning of the week. After raising the quotation in the main production area of Northwest China, shipments were good, the demand for trade replenishment increased, and many factories stopped selling. According to the monitoring of business agency, from August 20 to 27, the average price of domestic methanol production enterprises in Shandong increased from 2577 yuan / ton to 2615 yuan / ton, with a price increase of 1.45% in the cycle, a price increase of 1.16% month on month and a year-on-year increase of 62.17%.

The methanol market in major regions in China mainly rose slightly in a narrow range. The main production enterprises in Northwest China raised the ex factory quotation by about 50 yuan / ton this week, which plays a positive guiding role in the whole domestic methanol market. The crude oil market rebounded, the coal price may be high, and the methanol cost is supported.

Summary of methanol market prices in various regions as of August 27:

Region, price

Qinghai region 2220 yuan / ton factory withdrawal cash exchange

Shanxi region 2340-2350 yuan / ton factory withdrawal cash exchange

Liaoning region 2540-2560 yuan / ton factory delivery

Fujian region For spot offer, please refer to 2730-2740 yuan / ton, and the tank is discharged near the tax included

Lianghu area Price reference: 2530 yuan / ton factory withdrawal cash exchange

Anhui region 2590-2600 yuan / ton factory acceptance

Henan region Price reference: 2440-2455 yuan / ton factory withdrawal cash exchange

In terms of downstream products, most of the formaldehyde markets run higher, and some decline in a narrow range; The market price of dimethyl ether fluctuated with each other. Each region adjusted the price according to its own situation, and the market transaction atmosphere was mild; The domestic acetic acid market is stable. In the past month, the domestic acetic acid market has been in a wait-and-see state. Although the rise and fall in different regions fluctuated slightly, the overall fluctuation is narrow and even stable this week.

In terms of external market, as of the closing on August 26, the closing price of CFR Southeast Asia methanol market was USD 389.00-390.00/t. The closing price of US Gulf methanol market is 130.00-131.00 cents / gallon; The closing price of FOB Rotterdam methanol market was 401.00-402.00 euros / ton, down 5 euros / ton.

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 130.00-131.00 cents / gallon 0 cents / gallon

Europe FOB Rotterdam 401.00-402.00 euros / ton – 5 euro / ton

Recently, some units are planned to restart, and the supply in the mainland may increase. Methanol analysts of business society expect that the short-term methanol market may be dominated by consolidation.