Market trends of methanol on July 8
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Market conditions: South China market – Offers for methanol in the South China region have dropped significantly; futures prices hit another limit-down. Amid widespread panic, morning offers were around 2340–2350 yuan per ton, but prices fell again in the afternoon to around 2300–2310 yuan per ton, with weak trading activity. East China market: In the early session, the methanol market in East China saw a sharp drop at the opening; futures prices dropped to their limit for two consecutive days, and panic prevailed among traders, many of whom decided not to report any prices. Prices for spot goods in Taicang were quite unstable, with lower prices reported around 2280–2300 yuan per ton. In Changzhou and Jiangyin, prices remained firm at 2440 yuan per ton. In Nantong and Ningbo, traders also refused to report prices. In the afternoon, prices at the Taicang port dropped further, with lower prices reported around 2180–2200 yuan per ton. Prices in Jiangyin and Changzhou declined slightly to around 2400 yuan per ton, and trading activity remained weak. Interior markets: This week, prices in the northwest region saw a slight decline. The ex-plant prices offered by major manufacturers in Inner Mongolia range from 2030 to 2100 yuan per ton, while prices in the southern region remain stable at 2060 to 2100 yuan per ton. In the northern region, prices dropped by 20 yuan per ton, reaching 2030 to 2050 yuan per ton ； The ex-plant price in northern Shaanxi has dropped by 20 yuan per ton, to 2,060 yuan per ton; the spot price in Guanzhong, Shaanxi, has fallen by 50 yuan per ton, to 2,050 yuan per ton ； Quotations in regions such as Hebei, Shanxi, and Shandong have seen slight declines. In Hebei, the main quotes from manufacturers have dropped to 2500–2300 yuan per ton; traders in the area around Shijiazhuang are offering prices of 2220–2250 yuan per ton. Supplies without invoices in Wen’an are priced at around 2170–2180 yuan per ton. In Shanxi, methanol manufacturers are quoting prices of 2070–2200 yuan per ton in cash terms. The standard export price in Linfen is around 2070–2100 yuan per ton, while prices in Jincheng have been slightly adjusted to 2080–2200 yuan per ton, with payment terms based on acceptance letters. One local manufacturer has plans for maintenance work in the near future, resulting in export prices in Changzhi being around 2110 yuan per ton. In southern Shandong, the main quotes from manufacturers have declined slightly to 2230–2260 yuan per ton, while prices in northern and central Shandong have been adjusted to around 2260–2280 yuan per ton. Transactions tend to occur at lower price levels. Manufacturers in Linyi, Shandong, have reduced their quotes by 10 yuan per ton, bringing them to around 2290 yuan per ton. The market trend in Henan remains relatively strong; the ex-factory prices offered by major manufacturers stay at 2250–2300 yuan per ton, while the actual delivery prices are around 2180–2200 yuan per ton. The trading atmosphere is average. In Luoyang, the price of methanol is 2180–2200 yuan per ton, with a lack of buyers. Production and sales analysis: The operation of domestic facilities remains relatively stable. Today, two methanol production units at Shanghai Coking, with a combined capacity of 750,000 tons per year, were shut down for maintenance; additionally, the methanol unit at Ningxia Baofeng was temporarily taken offline. As a result, the supply volume saw a slight decrease. Sales: The MTBE market has seen a slight decline; there is little enthusiasm among end-users for purchases, and trading activity in the market is weak. Expectations remain bearish regarding crude oil, and further declines are likely in the short term. The dimethyl ether market remains weak and stable, with some declines in certain areas. The price of liquefied gas remains low; manufacturers face high production costs and high inventory levels, making it difficult to sell their products. It is expected that dimethyl ether will continue to show a weak performance in the short term. The formaldehyde market shows a sluggish trend; the price of methanol in the upstream sector continues to decline sharply, demand on the downstream side is weak, and factories face difficulties in selling their products. It is expected that the market will remain in a state of weak consolidation in the short term. The acetic acid market is operating in a weak condition; some production facilities are expected to restart, leading to a bearish sentiment in the market. Downstream operations are at low levels, demand is low, and there is little willingness to purchase goods. However, with the Wujing facility shut down for maintenance, a weak market trend is likely to persist in the short term. Methanol futures: Today, the main contract for methanol futures on the Zhengzhou Commodity Exchange dropped to its lower limit once again. Today, the MA1509 contract opened at 2,309 yuan per ton. Its highest price was 2,327 yuan per ton, while the lowest price was 2,234 yuan per ton. It closed at 2,234 yuan per ton, down 169 points from the previous trading day’s closing price, representing a decline of 7.03%. The volume of trades for this contract today was 1,118,426 lots. As of the close, the open interest for the MA1509 contract was 419,964 lots, a decrease of 123,820 lots compared to the previous trading day. Information source: Petrochemical Information Network: http://www.pecinfo.net/newscenter/detail-700000-2015070800042.shtml
Analysis of methanol price trends on July 8, 2015: http://www.chemcp.com. As of July 8, 2015, according to China Chemical Products Network, the ex-factory prices of methanol produced by major companies in Shandong province were between 2260 and 2280 yuan per ton. Among them, the mainstream ex-factory price for enterprises in the central and eastern regions is 2,260–2,280 yuan per ton, with some contracts offering slightly lower prices ； Quotations from traders in Zibo and its surrounding areas are around 2,240 yuan per ton ； The prevailing retail price for enterprises in the south is around 2,270 yuan per ton, while traders offering delivery to Linyi without invoices quote around 2,250 yuan per ton. The ex-plant prices of methanol manufacturers in Hebei region have dropped by 50 yuan per ton, ranging from 2250 to 2300 yuan per ton. The export price for enterprises in Shijiazhuang and its surrounding areas is around 2,200–2,260 yuan per ton. Traders in Wen’an provide quotes without invoices at 2,230–2,280 yuan per ton, while the standard price in Tangshan is 2,320 yuan per ton. The methanol market in the Northeast region remains stable. The ex-plant price of methanol produced from coal and coke oven gas in Heilongjiang is around 2250–2450 yuan per ton. Manufacturers say that sales are satisfactory, with the product being mainly sold locally and in Jilin ； Affected by Tangshan, major traders are quoting prices of 2420–2450 yuan per ton for goods delivered to Liaoning. The methanol market in the southwest region has seen a slight decline; major companies are offering local ex-plant prices of 2,200–2,500 yuan per ton, while the typical selling price is 2,150–2,350 yuan per ton. Manufacturers mainly adhere to their contracts ； Affected by the surrounding market conditions, major suppliers in Sichuan and Chongqing are accepting orders at a price of around 2250–2350 yuan per ton including taxes; sales volume is moderate, with negotiations playing a key role in transactions. Due to slow shipments, the local price center of methanol in Shanxi has continued to decline recently. As of the time of writing, the spot price in Linfen remains stable at 2,070–2,080 yuan per ton; in some cases it is slightly lower at 2,060 yuan per ton, as sales have been weak recently ； The spot price in Jincheng has dropped to 2,060–2,070 yuan per ton, and some companies still expect further price reductions ； Yuncheng and Changzhi remained stable yesterday. Methanol in Henan has performed poorly recently, with many suppliers reporting slow shipments. As of the time of writing, the prevailing price for this type of land is around 2180–2220 yuan per ton ； Some downstream factories do sell the raw material at a price of around 2,150 yuan per ton, slightly lower. Due to weak underlying fundamentals, the opening prices for methanol in South China continued to decline today. As of the time of writing, the quotes provided by local suppliers are between 2,340 and 2,350 yuan per ton; the offers from some suppliers remain unclear, and there is a relatively low level of interest in making inquiries. Affected by two consecutive daily price limits declines in the near-term and far-term futures contracts, the methanol market in East China opened with a sharp drop; the ex-plant prices in Jiangsu fell to between 2230 and 2280 yuan per ton, a decrease of over 100 yuan per ton. Buyer interest was relatively low, while suppliers tended to hold back their goods and wait and see ； Additionally, in August, negotiations among paper traders in Taicang centered around 2,240 yuan per ton ； The offer for paper imports in September is 2,270 yuan per ton. No offers have been heard in Ningbo for now, and most merchants have closed their sales. In the methanol market of Anhui region, most manufacturers have closed their quotes today, but actual sales orders can still be discussed; most manufacturers are adopting a wait-and-see attitude, resulting in limited trading activity. The spot ex-plant prices of major enterprises in Shaanxi and Inner Mongolia range from 2,030 to 2,080 yuan per ton, with contract-based transactions being the norm. Among them, the ex-factory price of major enterprises in northern Shaanxi is 2,060–2,080 yuan per ton, while the ex-factory price in cash for major enterprises in Guanzhong, Shaanxi, is 2,050 yuan per ton ； The ex-factory prices of major enterprises in Inner Mongolia are 2,030–2,050 yuan per ton. The methanol market in the Two Lakes region remains stable. In Hubei, the prevailing negotiation price is between 2350 and 2380 yuan per ton; this applies to the export prices of major manufacturers at the lower end, while the prices at which goods are purchased in Wuhan represent the higher-end prices ； In the Hunan region, the prevailing negotiation price is between 2,480 and 2,510 yuan per ton; these are the quotes from lower-tier traders in Changsha, while the prices cited by leading manufacturers represent their factory outlet prices.
Analysis of methanol price trends on July 9, 2015: http://www.chemcp.com. As of July 9, 2015, according to China Chemical Products Network, prices dropped significantly in the surrounding areas; the methanol market in Shandong region also saw a decline, with the ex-factory prices of major manufacturers ranging from 2220 to 2240 yuan per ton. Among them, the mainstream ex-plant price for enterprises in the central and eastern regions is around 2,220 yuan per ton ； Quotations from traders in Zibo and its surrounding areas are around 2,240 yuan per ton ； The prevailing retail price for enterprises in the south is around 2,240 yuan per ton, while traders offering delivery to Linyi without invoices quote around 2,220 yuan per ton. Affected by the recent sharp drop in methanol prices at ports, the prices of methanol produced in northern Jiangsu dropped significantly today. As of the time of writing, local manufacturers were selling their product at 2250–2270 yuan per ton, a decrease of 60 yuan per ton compared to yesterday. The product is mainly sold in the local area and southern Shandong. According to industry sources, the methanol market in the southwest region is stable. Major companies set local ex-plant prices at 2,200–2,500 yuan per ton, while the typical delivery price ranges from 2,150–2,350 yuan per ton; manufacturers generally adhere to their contracts ； Affected by the surrounding market conditions, major suppliers in Sichuan and Chongqing are accepting orders at a price of around 2250–2350 yuan per ton including taxes; sales volume is moderate, with negotiations playing a key role in transactions. Today, the methanol market in Shaanxi and Inner Mongolia remained stable. Shipment conditions varied across regions. As of press time, shipments in the Guanzhong area were mainly at 2,000–2,050 yuan per ton ； In northern Shaanxi, it’s around 2,060 yuan per ton, with slightly higher prices in some areas ； Inner Mongolia: 2,030–2,070 yuan/ton, with acceptance at 2,100 yuan/ton ； This week, olefin producers in Ningxia placed substantial orders, while factories in northern Shaanxi and surrounding areas enjoyed good shipment volumes. Methanol futures opened lower but rose to turn positive; the spot price of methanol in East China returned to more rational levels, with suppliers raising their quotes significantly. As of the time of writing, the ex-warehouse price in Taicang, Jiangsu was 2290–2300 yuan per ton, while imported goods for July were quoted at 2280 yuan per ton, and those for August at 2320–2350 yuan per ton ； Jiangyin, Changzhou and other areas report 2,350–2,380 yuan/ton ； The individual ex-plant price of methanol at Ningbo Port is 2,450 yuan per ton; it warrants close attention. The export price for enterprises in Shijiazhuang and its surrounding areas is around 2,180–2,250 yuan per ton. Traders in Wen’an have not provided any prices yet; quotes are available on a case-by-case basis. The ex-plant prices of methanol manufacturers in Hebei region have dropped by 50 yuan per ton, ranging from 2200 to 2300 yuan per ton. According to industry sources, although the futures market has experienced significant fluctuations recently, demand for methanol in the northwest region remains fairly strong due to local olefin consumption. As a result, the spot ex-works prices at major producers in Shaanxi and Inner Mongolia have remained stable at 2,030–2,080 yuan per ton. Currently, most transactions involve the fulfillment of existing contracts. Among them, the ex-factory price of major enterprises in northern Shaanxi is 2,060–2,080 yuan per ton, while the ex-factory price in cash for major enterprises in Guanzhong, Shaanxi, is 2,050 yuan per ton ； The ex-factory prices of major enterprises in Inner Mongolia are 2,030–2,050 yuan per ton. According to industry sources, although the futures market has experienced significant fluctuations recently, demand for methanol in the northwest region remains fairly strong due to local olefin consumption. As a result, the spot ex-works prices at major producers in Shaanxi and Inner Mongolia have remained stable at 2,030–2,080 yuan per ton. Currently, most transactions involve the fulfillment of existing contracts. Among them, the ex-factory price of major enterprises in northern Shaanxi is 2,060–2,080 yuan per ton, while the ex-factory price in cash for major enterprises in Guanzhong, Shaanxi, is 2,050 yuan per ton ； The ex-factory prices of major enterprises in Inner Mongolia are 2,030–2,050 yuan per ton. The methanol market in Henan region is declining; local methanol producers are quoting prices of 2200–2250 yuan per ton, while the prevailing selling price is around 2150–2200 yuan per ton. It is also reported that traders in Luoyang are offering prices that are 30 yuan lower, at around 2150–2200 yuan per ton. The methanol market in Henan region is declining; local methanol producers are quoting prices of 2200–2250 yuan per ton, while the prevailing selling price is around 2150–2200 yuan per ton. It is also reported that traders in Luoyang are offering prices that are 30 yuan lower, at around 2150–2200 yuan per ton. The methanol market in Fujian adjusts accordingly; the ex-plant prices of major companies range from 2,500 to 2,520 yuan per ton, while port prices are around 2,410 to 2,480 yuan per ton. The market tends to adopt a wait-and-see attitude. In Jiangsu ports, the prevailing negotiation/transaction prices for methanol ex-tank are between 2,300 and 2,380 yuan per ton. Lower prices are mostly observed in Taicang; there are reports of large-scale transactions at these levels. Higher prices prevail in areas such as Jiangyin and Changzhou. The ex-warehouse price of methanol at Ningbo Port is 2,460–2,480 yuan per ton, with limited transactions.
Analysis of methanol price trends on July 10, 2015: http://www.chemcp.com. As of July 10, 2015, according to China Chemical Products Network, the ex-factory prices of major companies in the Shandong region for methanol were 2220–2230 yuan per ton. Among them, the mainstream ex-plant price for enterprises in the central and eastern regions is around 2,220 yuan per ton ； Quotations from traders in Zibo and its surrounding areas are 2,220–2,230 yuan per ton ； The prevailing retail price for enterprises in the south is 2,230–2,240 yuan per ton, while traders offering delivery to Linyi without invoices quote around 2,210 yuan per ton. Based on local olefin consumption, the ex-plant spot prices of methanol in the Northwest region, at major enterprises in Shaanxi and Inner Mongolia, remain stable at 2,030–2,080 yuan per ton, with contracts being the primary method of transaction. Among them, the ex-factory price of major enterprises in northern Shaanxi is 2,060–2,080 yuan per ton, while the ex-factory price in cash for major enterprises in Guanzhong, Shaanxi, is 2,050 yuan per ton ； The ex-factory prices of major enterprises in Inner Mongolia are 2,030–2,050 yuan per ton. Futures prices continue to rise, boosting the confidence of industry players. The mainstream ex-warehouse price of methanol at ports in Jiangsu ranges from 2370 to 2400 yuan per ton; lower-quality methanol is mostly of domestic origin while higher-quality varieties are imported. Specific transaction details are yet to be determined ； It is also reported that in late August, the selling price for large orders of imported goods from Taicang was 2380 yuan per ton, while the buying price was 2370 yuan per ton. In late September, the selling price for large orders of imported goods from Taicang remained at 2380 yuan per ton, with the buying price still at 2370 yuan per ton ； The price of methanol at Ningbo Port for delivery from storage is 2,470–2,480 yuan per ton; the actual transaction details are yet to be determined. The methanol market in the southwest region remains stable; major companies offer local ex-plant prices ranging from 2,200 to 2,500 yuan per ton, while the typical delivery price is between 2,150 and 2,350 yuan per ton. Manufacturers generally adhere to their contracts ； Affected by the surrounding market conditions, major suppliers in Sichuan and Chongqing are accepting orders at a price of around 2250–2350 yuan per ton including taxes; sales volume is moderate, with negotiations playing a key role in transactions. Affected by the conditions in surrounding markets and difficulties in exporting, sales in Henan’s methanol market have been sluggish recently. It is reported that some manufacturers have stopped shipments. As of the time of writing, the main selling price for enterprises in the northern region is 2150–2200 yuan per ton, with some prices being slightly higher due to acceptance terms ； Trading in the Luoyang market is sluggish; some offers range from 2,130 to 2,180 yuan per ton, while higher-end prices have been quoted. The methanol market in the Two Lakes region has seen limited downstream purchases recently, resulting in sluggish trading activity. As of the time of writing, the price in this region is between 2,400 and 2,480 yuan per ton; prices for high-end products have dropped by 20 yuan per ton. Local companies offer slightly lower prices, with lower prices in Hubei and higher prices in Hunan. There are many goods from the Guanzhong area in this region, and a further decline in prices cannot be ruled out. The methanol market in Hebei is showing weak trends; as of the time of writing, prices in Shijiazhuang and Baoding areas are around 2200–2230 yuan per ton, with some deals at slightly lower levels of 2180 yuan per ton ； In the Wen’an region, the prevailing quotes are at 2,150–2,160 yuan per ton; however, the trading atmosphere shows no signs of improvement. In the East China methanol market, morning quotes continued to rise. As of press time, spot quotes in Taicang stood at 2,380–2,400 yuan per ton. For August paper contracts, some quotes were at 2,380 yuan per ton; buyer offers remained slightly lower ； Some prices in Jiangyin and Changzhou are 2,400–2,410 yuan per ton ； Nantong negotiations stood at 2,400 yuan per ton; it’s slightly on the high side ； The new price in Ningbo has not been determined yet; it will be monitored. Trading of methanol in Shanxi has been sluggish recently, and some exports have faced obstacles, resulting in inventory pressure; today, prices continued to decline in certain areas. As of the time of writing, the spot price in Linfen is 2,000–2,050 yuan per ton; I’ve heard that there are prices slightly lower than that ； In Jincheng, spot market quotes are around 2,050–2,080 yuan per ton; the price for transactions involving acceptance bills is slightly higher. The methanol market in the Northeast shows mixed performance; shipments in Heilongjiang remain stable, with local manufacturers offering prices ranging steadily at 2250–2330 yuan per ton ； Affected by the decline in prices in Tangshan, the market in Liaoning also dropped to around 2,400 yuan per ton, with a decrease of 20–50 yuan per ton.