Methanol stops falling and starts to rise

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Methanol Stops Falling and Turns Up / Author/Source: China Chemical Industry News / Date: 2019-02-26 / Clicks: 5 As of the close on last Friday, the cross-term spread between the 1905 and 1909 contracts for methanol was -49 yuan, with the longer-dated contract showing a slightly stronger performance. 　 In the spot market, the atmosphere has improved, with divergent trends. Among them, the Shaanxi market showed steady growth, with prices ranging from 1,970 to 2,160 yuan in the Guanzhong region, and from 1,960 to 1,980 yuan in the northern Shaanxi region ； The Jiangsu market saw a slight decline; the spot prices for pick-up delivery are 2450–2490 yuan. 　 In terms of inventory, methanol stocks in coastal areas decreased slightly to 1.0628 million tons, with the total available supply estimated at 276,500 tons. 　 In terms of operating rates, as of February 21, the overall operating capacity of domestic methanol plants was 71.65%, an increase of 0.65% on a month-on-month basis. 　 On the downstream side, the operating rates of domestic CTO/MTO units have increased. Under traditional demand conditions, the operating rate of formaldehyde production facilities increases ； The operating rate of the dimethyl ether plant has declined slightly.