On May 18, methanol in Zhengzhou Commodity Exchange closed at 2690 yuan / ton, down 40 yuan / ton or 1.47% from the previous day. The methanol spot market was mainly in the high position, with a slight decrease in some areas. According to the monitoring of business news agency, as of May 18, the average price of domestic methanol production enterprises in Shandong was 2730 yuan / ton, with a month on month increase of 14.23% and a year-on-year increase of 64.71%.

At present, the delivery situation of main production enterprises is different, some devices resume production, and local supply increases. At present, the crude oil is running strongly, some commodity futures are adjusted back, and the domestic methanol spot market is mainly adjusted.

Summary of methanol market prices by Region as of May 18

Region, price

Qinghai Area 2260-2330 yuan / ton ex factory cash

Shanxi area 2450-2500 yuan / ton factory cash

Liaoning Province 2530-2550 yuan / ton delivered to the factory

Fujian area 2790 yuan / ton, including tax

Two lakes area Ex factory reference 2750-2800 yuan / ton ex factory cash

Anhui Province 2780-2800 yuan / ton factory acceptance

Henan Province 2570 yuan / ton factory cash

On the downstream side, the formaldehyde market was stable and fell. Dimethyl ether market prices continue to push up. The decline of domestic acetic acid market continued. At present, the start-up of acetic acid industry is at a high level, and the inventory quantity of spot manufacturers is relatively sufficient, while the downstream factories still digest the contract, the new orders in the market are insufficient, the market trends are still negative, and the market transaction price is passively lower. MTBE market is mainly stable with limited fluctuation. Crude oil continued to go up, giving support to the market mentality. In addition, after the recent price drop to a low level, some downstream businesses took advantage of low prices to replenish. With the rise of other raw materials, the price gap between MTBE and alkylation and other raw materials narrowed, and the sales pressure of Northern businesses slightly reduced.

In the external market, as of May 17, the closing price of CFR China methanol was 317.50-318.50 US dollars / ton; CFR Southeast Asia methanol market closing price 370.00-371.00 USD / ton. US Gulf methanol closed at 110.50-111.50 cents per gallon; The closing price of methanol in FOB Rotterdam is 307.00-308.00 euro / ton.

region ., Country. Closing price. Up and down

Asia CFR China 317.50-318.50 USD / T 0 USD / ton

Asia CFR Southeast Asia 370.00-371.00 USD / T 0 USD / ton

Europe and America Gulf of America 110.50-111.50 cents / gal 0 cents per gallon

Europe FOB Rotterdam 307.00-308.00 euro / ton 0 euro / ton

Methanol futures callback finishing, methanol spot market upward weak, short-term demand is difficult to have a big boost, business community methanol analysts predict that the short-term methanol market into a high finishing stage.