First, the price trend

According to business price monitoring, as of May 23, the domestic methanol market average price reported 2342 yuan/ton, domestic methanol market continued upward.

Second, the market analysis Products: Domestic methanol market performance is strong, local prices continue to move up. Port market, futures performance is fair, narrow shock mainly, the spot market with a small adjustment. In the mainland market, the new olefin plant production is expected to be active, the current Northwest main production area is OK, some of the suspension, and the recent freight continues to rise, the arrival cost has been improved to a certain extent to support the methanol price. It is worth mentioning that the current production area inventory is mostly transferred from the upstream end to the intermediate trade link, and the demand end has no obvious increase and the volume of goods digestion needs a certain period, so the second half of the local increase rhythm or slightly slower.

In addition, beware of rising freight costs on the production area of the rising space of the suppression conduction. Freight, domestic methanol freight local continued to move higher. Inner Mongolia North Line to Lubei Freight reference 300-360 yuan/ton, up 30 yuan/ton, South Line to Lubei 210-350 yuan/ton, up 20-40 yuan/ton. Shanxi Local to Lubei 120-200 yuan/ton; Guanzhong to Lubei reference 130-170 yuan/ton, to Lunan 150-200 yuan/ton. Ningxia to Lubei part of 280-290 yuan/ton or so.

Xinjiang to Lubei 660-680 yuan/ton, to Wenan 630-650 yuan/ton or so. Industrial chain: Formaldehyde: Formaldehyde market local adjustment. Affected by Lunan methanol rise, local formaldehyde enterprises narrow increase, other areas of temporary stability, downstream market is still just need to purchase mainly, the overall transaction in general, did not change. Acetic acid: Domestic acetic acid market part of the exploration, this month’s export orders concentrated in the recent delivery, to ease the domestic social inventory pressure of acetic acid, and some production enterprises to report a rise in confidence, Jiangsu Thorpe acetic acid device is still low-load operation, some export orders are delivered, North China acetic acid market is relatively optimistic, northwest, north China is still light Dimethyl ether: dimethyl ether price decline, market transaction atmosphere in general. Henan Regional Enterprises Bidding is obvious, the North Henan region fell below the 3,000 Yuan mark, corporate profits upside down losses serious, western Henan the price of high prices, manufacturers to leave the goods deadlocked, inventory pressure is great.

Shanxi Area Orchid is expected to stop at the end of this month overhaul, shipping pressure is small, the mainstream deal on the standard Henan area small decline mainly.

Third, the forecast of the aftermarket Business community Point of view: positive aspects, freight: local freight costs continue to rise, the cost of arrival to improve; Good: part of the olefin plant plans to restart, olefin mining message fermentation, traders to pick up the goods actively; device: Shandong part of the device maintenance, local supply shrinkage. On the negative side, international: the impact of international macro factors, the need for sustained attention; Cargo: Some cargo arrival time delayed, need to be wary of late inventory accumulation. Business Society methanol analysts expect that the short-term domestic methanol market is mainly strong.