Price Trend
According to the price monitoring of business associations, as of June 4, the average price of domestic methanol market was 2264 yuan/ton, and the domestic methanol market fell.
| Melamine |
II. Market Analysis
Products: The market talks in Central China declined at the beginning of the week. The futures market has fallen, the surrounding areas have fallen, and the offer of the main enterprises in the market is temporarily stable, but some of the holders have begun to sell. There are 2060 yuan/ton offers in Luoyang area. The offer of the two lakes enterprises is temporarily stable, and the market is more wait-and-see. The methanol market in South China is weak, the futures market is dived, the spot price in South China keeps falling, and the buying atmosphere in Guangdong is insufficient. In addition to a small amount of short supply demand, terminal purchasing is basically on demand, and the trading atmosphere on the market is light. Spot prices in Fujian also continued to fall, with some first-hand commercial futures dived early this week, temporarily maintaining a wait-and-see attitude and few inquiries.
| EDTA |
Industry chain: formaldehyde: the formaldehyde market was partially sorted out at the beginning of the week. Most of the region’s offer is temporarily stable, the Hebei market is down, the upstream methanol market is down, the downstream market is just in need, and the overall transaction is relatively general. Dimethyl ether: The price of dimethyl ether is temporarily stable and the trading atmosphere is general. International crude oil market is not good, liquefied petroleum gas prices have fallen broadly, the price gap of gas ether has gradually narrowed to about 600 yuan, the price advantage of dimethyl ether has weakened, and the situation of various enterprises is general. However, from the cost point of view, the profit of dimethyl ether enterprises is still small, the overall start-up load in Henan is not high, and the mentality of the manufacturers is strong. Acetic acid: The domestic acetic acid market has risen slightly at the low end. The shutdown of Huayi plant in Anhui and Thorpe plant in Jiangsu has resulted in the shortage of four major suppliers in East China, and the inventory of the surrounding production enterprises is still sufficient. The downstream sector just needs to buy, there is no downstream enterprises to increase demand, export is concentrated in the middle of the month, the market is not good enough to support. Anhui Huayi and Jiangsu Soap acetic acid plants were restarted on June 5. It is expected that the acetic acid market will run steadily after a small rise in the low end.
3. Future Market Forecast
| Azodicarbonamide (AC foaming Agent) |
Business Cooperative Perspective: At present, most traders are bullish on the market and have a more wait-and-see attitude. Prices in Inner Mongolia, Northwest China and other places fell more this week. The accelerated decline of the market is mostly affected by macro factors. The macro-level is still skewed. Business Cooperative Methanol Analysts predict that the short-term domestic market for methanol is still weak, but the panic mood may turn weak, the space for decline may be limited, and the market will stop. The possibility of stabilization.