The market in East China rebounded at a low level, and the transaction was fair. Futures stopped falling and rebounded, production facilities of major enterprises in some regions stopped, supply decreased, and market buying improved. The logistics in some regions is limited but the demand is weak, and the downstream receiving price is weak.
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According to the monitoring data of the business community, the average price of East China ports in the domestic methanol market rose from 2790 yuan/ton to 2828 yuan/ton from October 31 to November 7. During the cycle, the price rose 1.36%, fell 6.12% month on month and 8.97% year on year.
As of the closing on November 7, methanol in Zhengzhou Commodity Exchange rose in shock. The main methanol futures contract 2301 opened at 2626 yuan/ton, the highest price was 2635 yuan/ton, the lowest price was 2573 yuan/ton, and the closing price was 2585 yuan/ton, up 1 or 0.04% from the previous trading day. The trading volume was 1464941 hands, the position volume was 1035879 hands, and the daily position increase was – 125757 hands.
Summary of methanol market prices by regions as of 11.7:
Region, price
Qinghai region, no quotation
Shanxi, 2590-2620 yuan/ton
Liaoning, about 2680 yuan/ton
Fujian, 2870-2930 yuan/ton
In the two lakes region, about 2985-3000 yuan/ton
Anhui Province, about 2900-2950 yuan/ton
Henan, 2700-2710 yuan/ton
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The price of products in the methanol industry chain rose and fell, the price of natural gas in the upstream product of methanol rose, the price of coal was stable, and the cost of methanol was well supported; In the downstream products, Shandong’s formaldehyde price dropped the most; The price of urea in Shandong Province rose the most among related products.
In terms of external market, as of the closing of November 4, the closing price of CFR Southeast Asia methanol market was USD 367.50-368.50/ton. US Gulf Methanol Market closed at 98.75-99.75 cents/gallon; FOB Rotterdam methanol market closed at 340.00-341.00 euros/ton.
Region, country, closing price, up and down
Asia, CFR Southeast Asia, 367.50-368.50 USD/ton, 0 USD/ton
Europe, America, Gulf of America, 98.75-99.75 cents/gallon, 0 cents/gallon
Europe, FOB Rotterdam, 340.00-341.00 euros/ton, 0 euros/ton
The prices of gas and coal are still strong, the supply is abundant, and the demand changes little. The transportation in some areas is not smooth. Methanol analysts of the business community predict that the domestic methanol market may be dominated by weak ones
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