OCTOBER 12,2019

Methanol:Mainland overall stabilisation

2019-10-12 10:56


Northwest: today the northwest methanol prices stable, Inner Mongolia region ex-factory price in 2250-2380 yuan/ton, the enterprise steadily, to execute the contract only in the early atmosphere is good, delivery without pressure. The guanzhong region business inventories low, ex-factory prices remain strong, traders turn single price near to 2220-2250 yuan/ton, trading slightly turned pale. All the information is expected, northwest methanol continue steady potential tomorrow.

East China, east China methanol market fell today after a slight rebound, the market just to be fair, taicang paper goods for large maintenance phase is arbitrage. Changzhou, zhangjiagang is also small and medium-sized single give priority to, capacity is limited. Although futures weaker, but the basis is not significantly stronger, visible spot remains generally. Weaker usd talks also synchronization. Long the east China methanol market next week are expected to maintain a wide range.

Central China: today, the central China methanol market talk about light. Companies offer temporary stability, no inventory pressure, the cargo business offer temporary stability, futures market continues to decline, buying the continuation of the sidelines, single light volume. Henan market talks about 2250-2280 yuan/ton, hubei market talks in 2380-2420 yuan/ton, hunan market talks about 2550 yuan/ton. Long and all the information that markets are high, the demand side to follow up, is expected to narrow short-term central China market or finishing operation.

South China: south China market prices ended higher after initially falling today. Futures weakening in the morning, guangdong negotiations atmosphere, light volume. Afternoon affected by Iranian oil tanker explosion, the futures rebound slightly, the spot transaction is also improved. Fujian area spot prices are still firm, the shipper's shipment. All the information is expected, south China market will continue to narrow.

Southwest: today's southwest methanol prices stable, enforcement of contracts, trading atmosphere is obviously weaker. The current mainstream in chengdu meet cost about 2450 yuan/ton, guangxi area 2500-2530 yuan/tons near the low end. Short-term upstream hold mentality clear, all the information is expected, southwest methanol prices tomorrow will be sideways.


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