From June 2 to 6 (as of 15:00), the average price of domestic methanol market in East China ports rose by 2.80% during the period, down 4.77% from the previous month and 11.72% from the previous year. Domestic methanol production enterprises did not ship well, and due to insufficient automobile transportation capacity during the holidays, some methanol production enterprises accumulated inventory and lowered prices to actively ship, so the overall methanol price in the mainland was weak; the coastal methanol market was boosted by policies, and the price rebounded from a low level, but the shipment was not good after the increase, and the basis fell back.
As of the close of June 6, the closing price of methanol futures on the Zhengzhou Commodity Exchange rose. It rose by 7 compared with the settlement price of the previous trading day, an increase of 0.31%. The trading volume was 607,691 lots, the open interest was 799,644, and the daily increase was -12,806.
Methanol current period comparison chart:
On the cost side, coal continued to fluctuate at a low level, weakening the cost support for methanol, and the price drop still suppressed the price of methanol. The cost side of methanol was affected by negative factors.
Coal/thermal coal (upstream raw materials)-methanol price trend comparison chart:
On the demand side, the price of glacial acetic acid factories has been slightly reduced, the formaldehyde market has been stable with small fluctuations, and the transaction center of gravity of dimethyl ether has moved downward. The demand for methanol from most downstream products has not fluctuated much, and the impact on methanol demand is mixed.
Methanol-acetic acid (downstream products) price trend comparison chart:
Methanol-MTBE (downstream products) price trend comparison chart:
On the supply side, the units of Yunnan Jiehua, Anhui Linquan, Xiaoyi Pengfei, Yulin Kaiyue, and Yunnan Yuntianhua were under maintenance; the units of Inner Mongolia Jiuding, Ningxia Baofeng, Shenhua Bayannur, and Inner Mongolia Black Cat were restored. The overall recovery volume was greater than the loss volume, and the capacity utilization rate increased. The methanol supply side was affected by negative factors.
Market forecast: overall operation will remain high, the number of foreign ships arriving at ports in coastal areas will gradually increase, and port inventory may gradually enter the accumulation channel. Traditional downstream demand will continue to be weak. The domestic methanol spot market is mainly weak.
Post time: Jun-09-2025