According to the monitoring of SunSirs, the domestic methanol market price was 2,425 RMB/ ton on March 16, and 2,330 RMB/ ton on March 26, with a decrease of 3.92% in the cycle, a month on month increase of 2.06%, and a year-on-year increase of 42.73%. On the mainland side, the spring inspection is in its peak period, and the supply is shrinking obviously; on the port side, the inventory is still in the process of de stocking, but it is weaker than that of the mainland. With the return of imports, there is an expectation of accumulating the inventory.
In terms of external market, as of March 25, the closing price of CFR China methanol was $290.00-291.00/ ton; CFR Southeast Asia methanol was $365.50-366.50/ ton. US Gulf methanol closed at 119.50-120.50 cents/ gallon, down 0.5 cents/ gallon; FOB Rotterdam methanol closed at 318.50-319.50 euros/ ton, up 7 euros/ ton.
In the future, on the supply side, as the spring overhaul is approaching, the overhaul plans of methanol enterprises in the mainland are coming out one after another; some downstream units are recovering, and the demand for methanol is rising slowly. SunSirs methanol analysts expect that China domestic methanol market in the short term consolidation.
