Methanol market price trend
On May 10, the methanol market price index was 2649.72, down 48.28 from yesterday, a month on month decrease of 1.79%.
Today, the price of methanol in the mainland market fell sharply, with a reduction range of 20-120 yuan / ton.so some traders would not like to have a deal, and there is a little transaction. To be specifically, the market quotation in the main methanol producing areas decreased slightly, with a reduction range of 20-50 yuan / ton. Today, the quotation in the north area is around 2400-2430 yuan / ton, as same as yesterday, and there are a few follow-up of new orders in the field.The quotation in the south area is stable around 2380-2400 yuan / ton, there’s a few follow-up of the terminal downstream market , and the transaction performs not good.The methanol market price in Guanzhong is relatively stable. Today's quotation is around 2470-2510 yuan / ton, unchanged from yesterday. Today, the market price of methanol in consumer areas has fallen sharply, with a reduction range of 50-120 yuan / ton. The market quotation in southern Shandong is around 2600 yuan / ton, and the low-end of the industrial chain is reduced by 520 yuan / ton. There is not much demand in the downstream market of the terminal. With the impact of the epidemic on traffic, traders need to be carefully;The quotation in northern Shandong is 2540-2550 yuan / ton, and the low end of the industrial chain is reduced by 110 yuan / ton. Today, the bidding price is around 2540-2550 yuan / ton, the lowest bidding price of lihuayi is 2550 yuan / ton, Shenchi is 2540 yuan / ton, Dongfang Hualong is 2540 yuan / ton, and other enterprises will not bid temporarily. The market price in Hebei has declined with the market. Today, the quotation of mainstream manufacturers is 2500-2550 yuan / ton, and the low-end price is reduced by 80 yuan / ton. The market price in some parts of Southwest China fell slightly. Today, the quotation of Sichuan and Chongqing is around 2580-2700 yuan / ton, down 60 yuan / ton from yesterday; Yunnan Guizhou offered 2530-2730 yuan / ton, maintaining yesterday, but there were few inquiries and quotations.Methanol futures rebounded after falling today, and the spot just needs to be negotiated. Taicang's spot offer is 2595-2635 yuan / ton, and the low-end price is reduced by 65 yuan / ton; 2615-2675 in late May and 2625-2680 in late June. The quotation in Ningbo spot market is around 2800-2830 yuan / ton, and the low-end price is reduced by 20 yuan / ton. The transaction is OK.
In terms of Macro aspect: at present, everyone is worried about the global economic recession, so risky assets continue to be sold off, commodity prices continue to fall, and the international market is not optimistic. Today, the domestic futures price continued to fall, and the main contract futures price of methanol rebounded slightly after the reduction, but the overall price is still relatively weak. At present, the short-term methanol market price is expected to fluctuate slightly. In the later stage, we need to pay attention to the price of crude oil and coal and the demand of downstream markets.
