Price Trend
According to the price monitoring of business associations, as of June 18, the average price of domestic methanol market was 2188 yuan/ton, and the domestic market of methanol tended to be stable.
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II. Market Analysis
Products: Northwest methanol market is stable today, Inner Mongolia market is stable, this week guide prices stable last week to 1850 yuan/ton, part of the manufacturers pricing stable last week, the current manufacturers inventory is not high, Inner Mongolia Jiutai MTO load opened to about 90%, to some manufacturers to extract. The market in Guanzhong region is stable. Most of the traders have a strong wait-and-see mentality. Most of the enterprises have not yet set a price. The methanol market in North China fell slightly. Shandong Lunan is down about 30 yuan/ton from the weekend to today, Shandong North and South are stable, downstream enterprises receive goods in general, most of them wait and see, and the market is cautious; Shanxi Linfen and Changzhi are stable, Jincheng area is down about 20 yuan/ton, enterprises ship is general, waiting for tomorrow’s bidding; Hebei is stable, business week is full of wait-and-see mood, pay attention to the new price in northwest.
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Industry chain: formaldehyde: narrow range of formaldehyde market. Due to the low price of methanol market and the downstream market start-up decline, under the influence of bad news, formaldehyde enterprises in some areas have lowered their offer, and the actual transactions in various places are lower, and the overall turnover is relatively light. Dimethyl ether: Dimethyl ether atmosphere is general, the mainstream price fell 30-100 yuan/ton compared with last Friday, the terminal stage replenishment ended, manufacturers went flat, mainstream transactions in Hebei and Shandong were reported to be between 3030-3100 yuan/ton, Henan area manufacturers bid significantly, mainstream prices mostly maintained at 3030-3140 yuan/ton. On the supply side, Shanxi Orchid Dimethyl Ether Plant was repaired on June 15, and Anhui Haoyuan Dimethyl Ether Plant was restarted on June 16. At present, low load operation is mainly self-supply. Acetic acid: The domestic acetic acid market is weakening. During the weekend, the prices of real orders of some manufacturers have fallen, which aggravates the market’s hollow view on the latter part of the acetic acid market. The market turnover is sporadic and the order and inventory are mainly digested in the earlier part. In Shanghai Huayi and Jiangsu Soap acetic acid plants, the market supply has been increasing. Traders have more spare purchases in the early boom, market supply is dispersed, and terminal substantive digestion is limited. In the short term, there is no favorable export support, and the acetic acid market is stable and weak.
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3. Future Market Forecast
Business Cooperative Viewpoint: At present, the upstream inventory is under great pressure, and the downstream follow-up is cautious. The pace of trading in various markets is not warm. The upstream and trade mentality are still not optimistic in the short term. Business Cooperative Methanol Analysts expect that the domestic methanol market will remain weak in the short term.