SunSirs: China Methanol Market Rose unilaterally in September

https://www.chemnet.com   Oct 08,2022 SunSirs

In September, the domestic methanol market rose unilaterally. According to the monitoring data of SunSirs, the domestic methanol market in East China in early September was 2,528 RMB/ ton, and the price at the end of the month was 3,012 RMB/ ton. The price increased by 19.17% in the month, with the maximum amplitude of 20.35%, down 16.61% year on year.

According to the price monitoring of SunSirs, there are 9 kinds of commodities in the energy sector that have risen month on month in the list of commodity price rises and falls in September 2022, including 5 kinds of commodities that have risen more than 5%, accounting for 38.5% of the number of monitored commodities in this sector; The top three commodities were diesel (12.09%), gasoline (10.91%) and DME (7.04%). There were 4 kinds of commodities that declined month on month, and 3 kinds of commodities that declined by more than 5%, accounting for 23.1% of the number of monitored commodities in this sector; The top three decline products were LNG (-9.63%), WTI crude oil (-7.08%) and Brent crude oil (-5.90%). The average rise and fall in September was 1.84%.

According to the price monitoring of SunSirs, in September 2022, there were 5 kinds of rising commodities, 3 kinds of falling commodities, and 0 kinds of zero rising and falling commodities in the methanol industry price list. The main commodities that rose were DME (7.04%), chloroform (4.63%) and formaldehyde (3.87%); The main commodities falling were acetic acid (-9.25%), DMF (-5.56%) and methanol (-0.59%). The average rise and fall in September was 0.4%.

　　In terms of external market, as of September 29, the closing price of CFR Southeast Asia methanol market was 366.00-367.00 US dollars/ton, up 2 US dollars/ton. The US Gulf methanol market closed at 105.75-106.75 cents/gallon, down 1 cents/gallon; FOB Rotterdam methanol market closed at 350.00-351.00 euros/ton.

The firm coal price supports the production cost of enterprises. SunSirs methanol analysts predict that China domestic methanol market may be strong.

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