From September 2 to 6 (as of 15:00), the average price of domestic methanol market in East China ports fell by 3.02% during the period, down 3.64% from the previous month and 6.10% from the previous year. The domestic methanol market is mainly falling, the macroeconomic situation is weak, domestic methanol supply has recovered, imports remain high, port methanol stocks are accumulated, and some downstream are still in the recovery stage. Demand has not yet recovered to a high level. The domestic methanol market is mainly falling.
Methanol current period comparison chart:
On the cost side, most coal mines maintained normal production and sales. At the end of last month, coal mines that had stopped production due to completing monthly tasks gradually resumed normal production, and the overall coal supply level rebounded. Some private mines adjusted coal prices up and down according to sales conditions, with the range mainly ranging from 10 to 20 yuan/ton, and the overall price center of gravity did not fluctuate significantly. The impact on methanol costs was mixed.
Coal/thermal coal (upstream raw materials)-methanol price trend comparison chart:
Methanol-MTBE (downstream products) price trend comparison chart:
On the supply side, Jinneng Technology and Yangmei Fengxi units are undergoing maintenance; Xinjiang Xinye units are reducing production; Shandong Mingshui, Jinfeng Wenxi, Inner Mongolia Xinao, Chongqing Cabele, Shanxi Lubao, and Northwest Energy units are recovering. The loss is greater than the recovery, and the capacity utilization rate is declining. The methanol supply side is affected by favorable factors.
Forecast for the future market, the supply will continue to be loose, and the start-up of traditional downstream will increase but the extent is limited, which will have a certain drag on the market. The domestic methanol market may be mainly weak.
Post time: Sep-09-2024