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.
