Driven by the previous DME market, the ex-factory prices of most domestic methanol production companies increased last week, and methanol in Shandong, Hebei, Henan, and Shanxi, in particular, rose almost entirely online. Although the external disk of methanol still continues to fall, the domestic methanol market has already seen an overall rebound.
After recovering first in the previous week, the North China market continued to maintain its upward trend. The market price rose to RMB 2,450-2,800 (t price, the same below). On the basis of the previous week’s rise of RMB 100, both ends increased by RMB 150. Markets in other regions also followed suit and began to rebound. The market price in East China is 3,100 to 3,300 yuan, the low end is 100 yuan higher than that in the previous week; the market price in Central China is 2,600 to 2,850 yuan, both ends are 150 yuan higher than the previous week; the prices in South China and Northeast China are relatively stable, and the prices in the South China and Northeast markets are relatively stable. The level; southwest and northwest market conditions are still slightly weaker, the southwestern market fell by 100 yuan compared with the previous week, and the high end of the northwestern market fell by 50 yuan from the previous week.
Comprehensive analysis of the current methanol market, the strength of multi-air forces is basically equal. At present, international crude oil prices are gradually falling, and the difference between external disks and internal disks is gradually narrowing. Downstream methanol, such as formaldehyde and acetic acid, continues to be in the off-season, and demand is difficult to effectively expand. Methanol projects have gradually been put into production, especially since last week's dimethyl ether shortage. , There has been a decline in the situation, methanol rebound momentum was inhibited.
However, despite the dramatic drop in the market for dimethyl ether, the overall price is still one notch higher than before New Year's Day. At present, the dimethyl ether start-up rate is higher, the increase in methanol absorption, coupled with the previous six weeks of methanol market prices fell, the majority of downstream companies, raw material inventory levels are low, and currently coincides with the Spring Festival delivery period, methanol by dimethyl ether After pulling up, the downstream companies began to actively stock their goods under the psychological influence of buying up or not buying, which caused the market to be relatively tight. At the same time, the downstream formaldehyde market prices have also risen.
Therefore, it is expected that there will be little likelihood of a major ups and deep falls in the domestic methanol market. The shock consolidation will become the main theme of the market.
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