On February 5, the methanol market price index was 2,266.96, down 1.65 from yesterday and 0.07% month-on-month decrease

External disk dynamics:

Methanol closing on February 2:

China CFR 290-296 USD/ton, flat;
US FOB 95-96 cents/gallon, flat;
Southeast Asia CFR 347.5-348.5 USD/ton, flat;

European FOB 266.5-267.5 euros/ton, up 2.5 euros/ton.

Today's price summary:

Guanzhong: 2230-2250 (0), North Line:1980-2010 (0), Southern Shandong:2400-2420 (0), Henan:2220-2240 (0), Shanxi: 2150-2300 (-50), Port:2580-2590 (0)

Freight:

North Line-Northern Shandong 380-440 (-20/0), South Line-Northern Shandong 380-480 (0/0), Shanxi-Northern Shandong 210-270 (0/0), Guanzhong-Southwest Shandong 160-210 (0/0)

Spot market: Today, methanol market prices were consolidated in a narrow range. Quotes in some regional markets continued to fall slightly. Futures range fluctuated, and the trading atmosphere in the port spot market was poor. Specifically speaking, the market prices in the main producing areas are consolidated and operated. The price for the southern line is around 2030 yuan/ton, and the price for the northern line is around 1,980 -2010 yuan/ton. At present, stocking in the downstream market has basically ended, and the transaction volume of new orders before the holiday is not high. More preliminary orders are carried out, and some manufacturers in the field still have a certain demand for warehouse storage, so they continue to make small profits and shipments. Market prices in Shandong, the main consumer area, have been adjusted within a narrow range, with 2,400 - 2,410 yuan/ton in southern Shandong, maintaining yesterday's level and 2,470 - 2,500 yuan/ton in northern Shandong. The stocking of goods in the downstream market has basically ended, and terminal factories have been suspended for holidays. The demand in the terminal market has performed generally, with just needs being the main focus. The market quotation in North China has been adjusted within a narrow range. Today, the price in Hebei is 2,350 - 2,400 yuan/ton. Demand is unlikely to improve significantly in the short term. Most transactions in the region have maintained their current status. The price in Shanxi has been adjusted within a narrow range, and today's price has stabilized to 2,200 - 2,300 yuan/ton.

Port market: Today, methanol futures fluctuated within a narrow range. Replenishment was just needed within the month, and arbitrage shipments were mainly based on a slightly stronger basis; a small amount of unilateral shipments in the long term, and the basis stabilized. Transactions were slow. Transaction price at Taicang Main Port: Spot transaction: 2555-2565, basis 05+95/+100; 2 Transaction: 2560-2570, basis 05+95/+105; 3 Transaction: basis +65/+70

Market outlook forecast: As the Spring Festival holiday approaches, downstream and terminal operators are leaving the market one after another, and the market transaction atmosphere is light. Currently, most orders are mainly carried out by pre-contract orders. Although some companies continue to quote and ship, few transactions have been completed. Traders and downstream basically stock up, and the market has a price but no market is more obvious. At present, it is expected that the short-term methanol market price may continue to fluctuate in a narrow range, but it is necessary to pay close attention to macro and coal prices in the later period. Operation status of on-site equipment and downstream pre-holiday stocking status.