According to the Commodity Market Analysis System of SunSirs, the domestic methanol market has been fluctuating and rising. From July 10th to 14th (as of 15:00 in the afternoon), the average price of the East China port in the domestic methanol market increased from 2,170 RMB/ton to 2,314 RMB/ton. During the cycle, prices increased by 6.60%, with a month on month increase of 13.30% and a year-on-year decrease of 0.82%.

The resumption of multiple production units in the northwest region has been delayed, supply growth has not been as expected, and multiple positive factors such as good macro outlook have combined. The market mentality has quickly improved, prices have strongly pushed up, market mentality has quickly improved, and prices have strongly pushed up. Large MTOs in Zhejiang are actively inquiring about US dollar supply, and market demand is expected to improve. The atmosphere has been boosted, and the domestic methanol market atmosphere has significantly increased, with prices continuing to rise.

By the end of July 14, methanol futures in Zhengzhou Commodity Exchange had risen. The main methanol futures contract 2309 opened at 2,252 RMB/ton, with a maximum price of 2,334 RMB/ton and a minimum price of 2,252 RMB/ton. It closed at 2,320 RMB/ton in the late trading session, an increase of 64 RMB/ton or 2.84% compared to the settlement on the previous trading day. The trading volume was 1,651,626 lots, the position was 1,478,776 lots, and the daily increase was -94,348.

On the cost side, with the continuous release of advanced coal production capacity and the replenishment of imported coal, the supply capacity of coal will continue to strengthen, and the chemical coal market may operate steadily and weakly. The cost side of methanol is relatively empty.

In terms of external trading, as of the close on July 13th, the CFR Southeast Asian methanol market closed at $288.00- $290.00 per ton. The closing price of the US Gulf methanol market was 68.00-70.00 cents per gallon, down 1 cent per gallon; The closing price of the FOB Rotterdam methanol market is 195.00-197.00 euros/ton.

In the future market forecast, there is sufficient short-term supply, stable cost support, and gradually increasing downstream demand. Methanol analysts from SunSirs predict that the domestic methanol market may rise again.

From:SunSirs