Methanol prices picked up slowly

Last week, the domestic methanol market continued to slowly pick up. After consecutive declines in December 2011, the cost pressure on methanol manufacturers was greater, the intention of low-cost shipping has been significantly weakened, and the low methanol start-up rate and the shortage of natural gas are unlikely to improve in the short term, supporting the supply side; The recent rise in the methanol market has given a certain boost to the low market sentiment and is conducive to market rebound. However, due to the current weak demand, before the Spring Festival is the traditional off-season, so there is limited room for the market to continue to rise in the short term.

The market of methanol in East China is stable and prices continue to rise. The stock of the market is normal, driven by the increase in the methanol price, the holders are no longer bargaining at low prices, the market inquiry increased, the shipping situation of traders has improved, and the quotation has been raised slightly. Last weekend, the mainstream market price in East China was between 2860 and 2960 yuan (t price, the same below).

The methanol market in South China was weak and the price was weak. Market sentiment was dull, demand was lacking, terminal buyers were on-demand, volume was stagnant, traders temporarily waited and waited, and offer prices changed little. The mainstream price of the market last weekend was between 2880 and 2900 yuan.

The methanol trading in Central China was steady and the price gradually increased. The mainstream methanol ex-factory price was between 2580 and 2680 yuan. Among them, the western Henan methanol manufacturers mainly use their own, the mainstream factory price in the 2580 ~ 2600 yuan; Hunan supply is insufficient, the mainstream quoted price increases to 2850 ~ 2950 yuan; Hubei market traded better, quotes raised to 2800 ~ 2900 yuan.

The supply of methanol in northern China is relatively small, prices continue to rebound, the mainstream ex-factory price is 2400 ~ 2550 yuan. Among them, the new supply of Hebei methanol market is small, the mainstream factory price in the 2500 ~ 2550 yuan; Shanxi methanol manufacturers shipped stable prices slightly increased, the mainstream offer in the 2400 ~ 2500 yuan.

The methanol market in Northeast China lacks negotiations and prices are sideways. The market has sufficient stock on the spot, and the manufacturers' shipments are sluggish. The inventory pressure needs to continue to be released, and the quoted price does not change much. The mainstream quotation is between RMB 2,000 and RMB 2,100.