Observation of Methanol Prices20181018

Night market methanol slightly falls, main contract1901Received3357element/Ton, decrease in settlement price compared to the previous day0.68%In terms of spot goods: Jiangsu Taicang spot offer3500-3510element/Ton; Quotation for main factories in southern Shandong region3280-3290element/Ton, the market is temporarily stable and waiting to see, with relatively light trading;


Yesterday afternoon, some factories in Inner Mongolia lowered their prices to2920Shipment Yuan/Ton; Short term spot trading in mainland China has weakened, and prices in the northwest have begun to decline. It is expected that this week will be mainly weak, and mainland prices will enter a correction phase; In terms of ports, Zhuochuang Data reported a decrease in port inventory last week910000 tons,10The first half of the month belongs to the off peak period along the coast, while imported cargo is concentrated in the second half of the month when it arrives at the port; From the perspective of overall supply and demand,9With the recovery of Shenghong and the decrease in imports, the supply and demand have improved month on month, and port inventory has decreased3.810000 tons,10The month is expected to be in a relatively balanced stage, and attention should be paid to whether the production of new devices and fuel related demand can proceed well,4There are still expectations of supply reduction in the quarter, and if unexpected external maintenance cannot be restored in the short term, imports will further decline;


Recently, with the rapid rise of methanol, the profits of companies that purchase methanol to produce olefins have been relatively low, and some companies have stopped operations. In addition, the mainland market has begun to adjust at a high level, and there is a high possibility of short-term price decline. In the medium term, we still consider buying on dips, but we need to pay attention to itmtoProfit situation (for reference only).