From January 2 to 10 (as of 15:00), the average price of domestic methanol market in East China ports fell by 3.00% during the period, up 5.79% month-on-month and 13.75% year-on-year. The domestic methanol market fell. With the resumption of some domestic methanol plants that were shut down, and the good profits of methanol production enterprises, the load of some plants has increased, and the domestic methanol production and supply are mainly running at a high level. Some production enterprises still have the demand for inventory before the Spring Festival, but the current downstream replenishment sentiment is general, and they are mostly on the sidelines. Enterprises have lowered prices to make concessions for shipments.
Methanol current period comparison chart:
On the cost side, the thermal coal market has been running stable recently. At present, most coal mines in the production area maintain normal production, mainly implementing long-term contract shipments, and the overall coal supply level is stable. The cost side of methanol is affected by negative factors.
Coal/thermal coal (upstream raw materials)-methanol price trend comparison chart:
On the demand side, downstream acetic acid: Southwest units have returned to normal. If there is no unit shutdown due to failure, acetic acid demand may increase; downstream formaldehyde: Qingzhou Hengxing, Henan Xinxing, Binzhou Hengyun units have shutdown plans, and formaldehyde demand continues to decrease; downstream dimethyl ether: Henan Xinlianxin unit is started, and other units have no shutdown plans for the time being, and dimethyl ether demand has not changed much; MTBE and chloride units have no new shutdowns, and methanol demand is stable. The impact on methanol demand is mixed.
Methanol-acetic acid (downstream products) price trend comparison chart:
Methanol-MTBE (downstream products) price trend comparison chart:
On the supply side, Guang’an Jiuyuan, Zhongyuan Dahua and Xinjiang Xinye plants have resumed production; the overall losses are greater than the recovery, and the capacity utilization rate has declined. The methanol supply side is affected by favorable factors.
Post time: Jan-13-2025