Recently, the domestic methanol market rebounded slowly. According to the monitoring data of business news agency, as of February 25, the average price of methanol producers in Shandong was 2282 yuan / ton, with a month on month decrease of 2.25% and a year-on-year increase of 13.45%. After the festival, the downstream enterprises replenish goods appropriately, the logistics is restored, and the freight is reduced. Domestic methanol market recovered slowly.

As of 2.25, methanol market price summary by Region:

Region, price

Qinghai Area/

RMB 1950-1960 / T in Shanxi

Liaoning area: 2150 yuan / ton

Fujian area: 2520-2530 yuan / ton

RMB 2220-2280 / T ex factory cash for reference in two lakes area

Anhui area: 2280-2350 yuan / ton

RMB 2150-2160 / T in Henan

In terms of upstream and downstream, dimethyl ether market fell sharply, and trading was deadlocked; domestic acetic acid market was strong at a high level, and acetic acid price had been strong at a high level after continuous rise in the early stage; MTBE market was mainly stabilized and consolidation, with only slight adjustment in some regions.

In terms of external market, as of February 24, CFR China methanol closed at US $304.00-305.00 per ton, up US $1 per ton; CFR Southeast Asia methanol closed at US $378.00-379.00 per ton, up US $4 per ton. US Gulf methanol closed at 112.00-113.00 cents per gallon, while FOB Rotterdam methanol closed at 342.50-343.50 euros per ton, down 0.5 euro per ton.

In the future, traders’ willingness to hold goods is not strong, they have to ship goods at high prices one after another, market buying remains just in demand, and transaction is weak. Business community methanol analysts expect that the domestic methanol market in the short term consolidation.