1、 Price trend
This week, the domestic methanol market rose in a narrow range. According to the price monitoring of the business agency, the average price of domestic methanol market at the beginning of the week is 1680 yuan / ton, and the price of domestic methanol market at the weekend is 1727 yuan / ton, up 2.83% in the week. The price is 0.11% higher than that of the same period last month, and 23.22% lower than that of the same period last year.
| Azodicarbonamide (AC foaming Agent) |
2、 Market analysis
Products: new parking devices are added in the week, such as Fenghuang, Zhongyuan Dahua, Shaanxi Yuli coal chemical, Shanxi wanxinda, Xinjiang Tianye; part of the devices in Rongxin, Inner Mongolia, and Lunan, Shandong are reduced in production; at the same time, some of the early parking and production reduction devices are restored in the week, such as Yangmei, Luxi, Chongqing kabele. The overall recovery rate is higher than the loss rate, so this week’s operating rate rose in a narrow range, but fell sharply from the same period last year. In the short term, the supply of goods in the market is relatively reduced, and the methanol market is up in a narrow range.
Industry chain: formaldehyde: the domestic formaldehyde market continued to rise this week. After the May 1st Festival, methanol products in the upper reaches of the river went up one after another, mainly based on the impact of toll recovery and replenishment after the festival. The cost side is rising, and formaldehyde enterprises are passively running up under this clamp. The demand for downstream terminals is unsatisfactory and continues to be depressed. Due to the continuous restrictions on export orders, most of the wood board factories have repeatedly postponed their plans to resume work.
Acetic acid: this week, the domestic acetic acid market continued to rise. During the May 1st holiday, the load of Henan supplier’s devices was reduced due to carbon monoxide problem, and the spot market supply was slightly stepped up. The supplier pushed up the offer, driving the market transaction price gradually higher, and then the surrounding low-end suppliers gradually increased. The main manufacturers in East China are short of supplies. The spot manufacturers in Central China and Shandong can sell a small amount of goods. The spot circulation in the market is limited. Some traders and the downstream replenishment after the festival are active, which promotes the acetic acid market to rise smoothly after the festival..
| ferric sulfate (Poly ferric sulphate) |
Dimethyl ether: the trading atmosphere of domestic dimethyl ether Market changed from weak to strong this week, and the price gradually increased later this week. During the May Day holiday, the delivery of dimethyl ether was generally low. First, the price of crude oil continued to decline, which led to the decrease of liquefied gas price, thus affecting the purchasing confidence of traders. In addition, the market had a mentality of buying up but not buying down. During the period of price reduction, traders had a strong wait-and-see mood. This week, about 14.82% of domestic dimethyl ether started work, down 0.20% from last week. This week, Guizhou Tianfu and Hebei Jichun stopped for maintenance and Longqiao low load production in Sichuan Province.
3、 Future forecast
From the perspective of business community: although some manufacturers are still in maintenance status this week, considering that there are many re production units in the near future, the overall supply is still sufficient; there are still many arrival forecasts in the later stage of the port, and the port inventory pressure is large; in the aspect of olefins, with the recovery of two sets of MTO equipment, there is support for the market, but the cost of oil to olefins is greatly reduced due to the low price of crude oil At the same time, traditional downstream demand is expected to reduce. Methanol analysts of the business association predict that the methanol market will return to a weak position next week, and the price is expected to fall.
| povidone Iodine |