Methanol: the supply and demand contradiction remained, and methanol spot and future market keeps declining

Methanol: the supply and demand contradiction remained in the methanol market, and methanol spot and future market keeps declining in China.

On October 27, the methanol market price index was 2721.81, decreased 36.44 than yesterday, lowered 1.32% month on month.

The methanol market price index trend chart from 2020-2022

The overall methanol market development trend

On October 27，the methanol market price keep falling, and China mainland's methanol quotation is reduced by 10-90 yuan/ton. At present, the methanol market is still in a situation of weak supply and demand, which has no positive support for the methanol market. Investors are mainly cautious about the trend of the methanol market. Specifically, the methanol market price in the main methanol producing areas is not high, and the current market is not good as a whole. Although the methanol factory price has been declined frequently, the downstream enterprises have poor enthusiasm to enter the market, so the overall market transaction is generic.

The quotation from nationwide in China on 27th,October

October 27, The quotation of the south line remained 2380 yuan/ton, unchanged from yesterday.

The quotation of the north line is around 2300-2350 yuan/ton, which keeps the same as yesterday.

The market quotation in the central region of Shaanxi is temporarily stable. Today's market quotation is around 2500-2550 yuan/ton, maintaining yesterday.

The market price of the main consumer place fell by a slightly margin of 10-30 yuan/ton.

The quotation in the south of Shandong Province is 2750 yuan/ton, 20 yuan/ton down from yesterday.

The quotation in the north of Shandong Province is 2730-2750 yuan/ton, which is 30 yuan/ton lower than yesterday. There are few deals in the market.

Today's quotation in Hebei is around 2650-2700 yuan/ton, maintaining yesterday's.

Shanxi offers around 2570-2660 yuan/ton, which is stable at the low end, with little market demand.

The market price in Southwest China fluctuated slightly, among which Yunnan Province and Guizhou Province offered 2550-2750 yuan/ton; The mainstream price of enterprises in Sichuan and Chongqing is 2620-2750 yuan/ton.

Traders are cautious in entering the market to purchase, and the transaction atmosphere has not improved significantly.

Domestic methanol market

At present, due to the influence of epidemic control and other factors, transportation in some areas has been affected. It is relatively difficult to circulate goods on the market and some factories have low inventories, so their quotations have declined. However, the profitability of the downstream market is still poor, so the enthusiasm of investors for entering the market is not high; At present, the performance of the methanol market in macro and futures markets is not good, most investors are cautious.It is expected that the methanol market will be weak in the short term. In the later stage, attention should be paid to the on-site devices and logistics transportation.