Methanol prices continued weak

Last week, the domestic methanol market was still not out of weakness, and only the port area was stable under the support of a slight drop in inventory. Although the operating rate of natural gas methanol plant in the Mainland decreased, it was offset by the increase in load of the Northwest methanol plant, and the downstream operating rate was low, the demand was very weak, the market supply pressure was difficult to release, and the price center of gravity continued to decline. Since the cash flow at the downstream factories was tight at the end of the year, market buying was scarce, so the short-term market trend continued to be weak.

The market in East China is mainly stable, with small fluctuations in prices. Market transactions are relatively light, and end-users receive goods on demand. As overall inventory has declined, traders have little sales pressure, and low-end quotes have increased slightly. The market demand in Jiangsu is dull. The mainstream offer price is between RMB 2,800 and RMB 2,820 (t price, the same below). The trading market in Ningbo is quiet and the price is relatively stable. The price of the main cans in the weekend was between RMB 2820 and RMB 2850; the demand in Shandong was sluggish. The rapid decline in prices, the market lack of initiative to negotiate, stock supply is very loose, manufacturers shipped slowly, quoted a continuous reduction, the mainstream price of methanol last weekend in the 2500 ~ 2600 yuan.

The South China market is relatively stable and prices fluctuate slightly. The arrival of the Guangdong market was normal and the sentiment was dull. Some terminal buyers took delivery in small batches and the transaction volume shrank. Although the traders had the intention of pushing up, they lacked a buying response and the offer fluctuates slightly. Last weekend, the mainstream price of the market was between 2,900 and 2,930 yuan. The supply of new methanol in the Fujian market was small, and the shipments of the holders of the stocks were stable. The offer price was stable, and the market price was between 3,100 and 3,180 yuan.

The central China market has sufficient supply and prices continue to decline. The methanol manufacturers in Henan Province have poor shipments and have reduced their prices. The mainstream factory prices are in the range of RMB 2,500 to RMB 2,650. The supply in Hunan is loose. The mainstream prices are reduced to RMB 2,850 to RMB 2,900. In Hubei, the negotiations are relatively rare and the prices are reduced to RMB 2,800 to RMB 2,850. .

The North China market oscillated and the transaction sentiment was sluggish. Hebei was affected by low-cost sources in other places, methanol manufacturers increased inventories, traders sold slowly, prices continue to decline, the mainstream factory price in the 2450 ~ 2500 yuan; Shanxi methanol demand is weak, the amount of cash is sufficient, the manufacturers intention to ship significantly, the price down, Methanol mainstream quoted at 2400 to 2500 yuan.

The atmosphere of the methanol market in the northeast was depressed and prices fell sharply. At the end of the year, downstream demand was very sluggish, and the market was in stock supply. Methanol plants were difficult to ship, inventory pressure increased, and they were all reduced in price. Methanol prices were quoted at 2100-2300 yuan.