Methanol prices are weak

The domestic methanol market remained weak last week. Due to the poor market trend of downstream products, the demand for raw materials is very low, so the market supply is relatively loose. Although the shutdown and overhaul of some methanol plants in the southern part is beneficial to the stability of methanol prices in the port area to a certain extent, the mainland market is still under overcast by the impact of low-priced sources in the northwest. As the overall supply of the market was relatively sufficient in the later period, the market still has downward pressure on the backdrop of weak demand.

The East China market is in a sluggish atmosphere and prices are fluctuating in a narrow range. The market talks were very light, and the cash supply was sufficient. The terminal buyers purchased on demand, the turnover was low, the traders held a wait-and-see attitude temporarily, and the low-cost shipments decreased, and the price remained basically stable. Last weekend, the mainstream market price in East China was between 2800 and 2900 yuan (t price, the same below).

The South China market has been operating steadily and prices have steadily increased. The market is stable in stock supply, the downstream demand is flat, and end-users purchase in small quantities. The transaction volume growth is slow, traders are shipping steadily, and high-end offers are slightly higher. The mainstream price of the market last weekend was between 2900 and 3,000 yuan.

Trading atmosphere in the central China market was light, prices continued to fall, the mainstream ex-factory price in the 2700 ~ 2900 yuan.

Supply in North China is sufficient and prices continue to fall. The mainstream ex-factory price is 2650 to 2930 yuan.

The northeast market oscillated and declined, and the transaction volume shrank. Affected by the low demand from the downstream, the atmosphere of market talks was very sluggish. The stock supply was sufficient, the manufacturers' shipments were weak, and the inventory pressure was obvious. Traders looked at the low market and quoted price cuts. The mainstream quoted price was between 2,500 and 2,700 yuan.