According to the Commodity Market Analysis System of the Business Society, from September 6th to 13th (as of 15:00), the average price of methanol at East China ports in the domestic methanol market dropped from 2540 yuan/ton to 2491 yuan/ton. During the cycle, prices decreased by 1.93%, with a month on month increase of 4.66% and a year-on-year decrease of 8.60%. The methanol futures market has retreated from a high level, and the sentiment in the spot market has weakened. Traders have been cautious in their operations, slowing down the speed of methanol pickup, increasing inventory of production enterprises, and manufacturers selling at inflated prices. The market is stagnant, and the domestic methanol market is fluctuating and consolidating.

As of the close on September 13th, methanol futures on the Zhengzhou Commodity Exchange closed lower. The main methanol futures contract 2401 opened at 2577 yuan/ton, with a maximum price of 2596 yuan/ton and a minimum price of 2520 yuan/ton. It closed at 2525 yuan/ton in the end of the day, a decrease of 35% or 0.04% compared to the previous trading day’s settlement. The trading volume was 1647833 lots, the position was 1216986 lots, and the daily increase was 207 lots.

On the cost side, in the off-season of agricultural demand on the demand side, cautious procurement is the main focus for industrial demand. In the short term, the price of chemical coal may continue to fluctuate in a narrow range. The cost side of methanol is influenced by bearish factors.

On the demand side, downstream dimethyl ether: the demand for dimethyl ether has decreased; Downstream MTBE: MTBE demand may increase slightly; Formaldehyde: As the daily production of the device increases, the demand for formaldehyde may increase; Downstream acetic acid: demand for acetic acid may increase; The change in chloride is not significant. The demand for methanol is mixed.

On the supply side, the overall recovery is greater than the loss, leading to an increase in capacity utilization. The supply side of methanol is negatively affected.

In terms of external trading, as of the close on September 12th, the CFR Southeast Asian methanol market closed at $329.25-330.25 per ton. The closing price of the US Gulf methanol market is 75.00-77.00 cents per gallon, up 1 cent per gallon; The FOB Rotterdam methanol market closed at 228.00-230.00 euros/ton, a decrease of 2 euros/ton.

In the future market forecast, costs are relatively weak, and there are breakthroughs in pre holiday stocking in terms of supply and demand by netizens. Methanol analysts from Business Society predict that the domestic methanol market is mainly characterized by high volatility.