Methanol: Spring came late than in previous years

At present, the domestic methanol market is not only suffered a " foreign aggression" impact , but also suffering from " internal problems " in distress. Round the outer disk is accelerated decline mainly due to the domestic methanol prices , in addition, after years of domestic coal methanol plant operating rates remain high, while the slow recovery of the traditional downstream methanol market overall showing phased supply and demand imbalances .
" External disk prices fall people panic panic , lackluster domestic demand and methanol markets 'spring ' Some of it seems to come late ." Sing Hou Ping, general manager of Nantong Chemical Co., in an interview with Futures Daily reporter interviewed laments that the current methanol market " external" , does allow traders was a headache , but blew compared to pre- 4000 yuan / ton line at this time can not be considered " a blow ."

According Futures Daily reporter, earlier this month, driven by downstream demand replenishment , there had been much methanol prices rose slightly , but the duration is shorter. The current domestic methanol market as a whole is still in a relatively weak phase , coastal and inland sales areas prices have continued to decline. Years later date, the East China market dropped by 400 yuan / ton, the South China market fell nearly 600 yuan / ton , North China and Shandong market declines were 300 yuan / ton in the vicinity , the Northwest market is relatively strong.

Many industry insiders believe that the current round of accelerated decline in the outer disk is the main reason for the domestic methanol prices . Lu Futures analyst Chendong Peng said, after the Spring Festival , CFR China main port prices flat , into March , the average daily decline significantly enlarged , especially since mid-March , up to the 17th week of the cumulative drop of 17 %. " Accumulated within one month after the Spring Festival will decline about 15% , but within this week, 17 % decrease in lightning speed , greatly exceeded market expectations ."

Why are there these circumstances it? It is understood that the international supply speed recovery , low impact made ​​in China continued its inner harbor market is the culprit .Sellotape


Since March , with the warmer weather in the northern hemisphere , decreased demand for natural gas for heating , natural gas, methanol plant load is bound to increase. "In fact, since the beginning of the Asian natural gas supply is expected to increase on rising, the main device Indonesia, Brunei , Malaysia and Iran's gradual recovery , the supply pressure of methanol in Asia increased significantly ." Shanghai interim analyst邓世恒said .

As the world's largest consumer of methanol , China main port to become exporter of natural battleground . Chendong Peng told reporters that the flow of cheap made ​​in China increased share of the port , importers and international exporters increased bargaining power . In order to cope with the impact made ​​in China , imported goods must cut prices to deal with.Washi tape


In recent years, despite the import dependency was gradually declining trend, but the outer disk prices are still on the domestic spot market sentiment has a greater impact . " For a long time , port methanol prices for the domestic methanol market is benchmark, price changes and its entire domestic methanol market closely ." Yu Wang Xiaotian information analysts said.

Dengshi Heng believes that the current domestic methanol market is not only suffered a " foreign aggression" impact , but also suffering from " internal problems " in distress. He said that after years of domestic coal-to- methanol plant operating rates remain high, while the slow recovery of the traditional downstream methanol market as a whole showing a phased supply and demand imbalances .Masking tape


According to the reporter , despite nearly two years of impressive growth in port olefin procurement requirements , but the traditional downstream demand formaldehyde, dimethyl ether and other weak domestic demand chain real hard to maintain more than 20 % growth . "Especially recently , low temperatures , formaldehyde in the off-season ; DME market is " 3.15 " sensitive period , some manufacturers to reduce the load or temporary parking ; olefins plant overall operating rate also failed to reach normal levels , demand chain terminal downturn . "沈冬鹏said that with the approaching new methanol plant put into operation and the eastern olefins plant maintenance program , the oversupply situation will be more serious.

New Energy Co., Ltd. in Zhengzhou Yuanda treating exterior syndromes opinion, methanol prices in April and is expected to bottom, started the second half with more olefins plant , will usher in the procurement of small climax.Wholesale masking tape