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Winter storage ignites methanol market

wallpapers News 2020-10-16
"The performance of methanol market in the second half of this year is obviously better than that in the same period of previous years, especially the current market can be said to make market participants happy." Li Yadong, sales manager of Sichuan Jiuyuan agricultural materials Chemical Co., Ltd., told the futures daily that in the second half of this year, the positive factors of methanol market continued to gather, making the overall market bullish enthusiasm high. At present, in addition to tight supply, cost support is also one of the important factors affecting the current market trend. According to the trend of

in the past three years, the spot price of methanol tends to fall from the end of October to the beginning of November. However, this year's market is going in the opposite direction. Since the end of October, the volume price of methanol spot market have risen, of which the East China market, Shong market northwest market have increased by 9.52%, 13.5% 13.73%, respectively. At the same time, the futures market also ushered in a hot market, in less than a month methanol 1401 contract rose as high as 16%. The reason is that cost support plays an important role.

"affected by the winter coal, natural gas other energy prices, the methanol phase spot market continues to maintain strong in the near future." International trade futures analyst Wang juming said that the winter coal storage effect is the catalyst of this round of methanol rise. According to reports, since the northern market entered the heating period in late October, downstream users have been preparing for winter coal storage, the dem for coal storage in winter is strong. Recently, the extreme weather in Liaoning, Heilongjiang Jilin provinces in China has greatly increased the heating dem of local residents, thus boosting coal prices again. By the middle of November, the price of Qinhuangdao steam coal has risen from 570 yuan / ton at the end of September to 600 yuan / ton, up 5%. "As China's coal to methanol production still accounts for more than 60% of the total national output, the rise in coal prices has raised the production cost of methanol played an important role in supporting methanol." Wang said.

according to the reporter's understing, natural gas is undoubtedly one of the important drivers of this round of methanol rise. As the weather turns cold, natural gas will be used for civil heating. Recently, the national development Reform Commission said that the supply dem situation of natural gas is grim this winter spring. The domestic natural gas supply gap is about 10 billion cubic meters, the contradiction between supply dem is the most serious in the past years. "Under the influence of the restricted gas policy, chemical enterprises in Hebei have already limited their gas volume by more than 50%. In order to continue production, enterprises have to purchase part of liquefied natural gas (LNG), thus raising the price of LNG." Zhong Meiyan, an analyst at Everbright futures, believes that the rise in LPG prices will also increase the production costs of enterprises, thus supporting methanol prices. At present, the production situation of

in methanol enterprises is different. "Generally speaking, every 100 yuan / ton of raw coal price increases, the methanol cost will increase by nearly 200 yuan / ton. According to the current methanol price, the actual profits of coal to methanol production enterprises are relatively rich. Within the allowable scope of the device, it will not only increase the operating rate, but also speed up the signing of orders with the downstream Wang juming said that for the natural gas to methanol enterprises, due to the recent implementation of the gas restriction policy, the gas to methanol enterprises have experienced a shortage of raw materials, some factories have been forced to reduce the operating rate. At present, the start-up of Sichuan SVW has dropped to about 30%. In addition to some gas to methanol enterprises that have been shut down in the early stage, the operating rate of domestic methanol industry has dropped sharply in recent years, thus indirectly pushing up the methanol price.

according to a trader in East China, with the high price operation of methanol market, upstream factories have increased the pre-sale volume, the methanol of some production enterprises has been pre sold to December, the spot market transaction is hot. And traders because of the limited supply of goods on h, can only watch prices go up.

in Zhong Meiyan's view, at present, the inventory of mainl production enterprises is at a low level, the sales of factories in Northwest China Shong are smooth, some enterprises are pre sold to the next week or beyond, the methanol spot market will remain strong. In the later stage, with the further fermentation of winter storage effect, methanol still has a certain upward space.


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TRUNNANO (aka. Luoyang Tongrun Nano Technology Co. Ltd.) is a trusted global chemical material supplier & manufacturer with over 12 years' experience in providing super high-quality chemicals and Nanomaterials. The nitride powder produced by our company has high purity, fine particle size and impurity content. Please contact us if necessary.