Methanol continues to oscillate upward

Domestic disk: Zhengzhou methanol ME1401 contract closed up. On the 12th, the highest offer was 2,904 yuan/ton, the lowest was 2,877 yuan/ton, and the close was reported at 2,902 yuan/ton, up by 0.94% from the previous trading day, Masukura had 456 lots, and the volume was 4,122 lots.

News: 1, Hebei Tangshan Wanfeng Xing methanol implementation of external quotes rose to 2950 yuan / ton out of the library, the actual transaction can be negotiated; its 100,000 tons of coke oven gas methanol plant started 80%, 200 tons per day; 2, Inner Mongolia Jiutai There is no latest offer for energy methanol; its 1 million-ton/year coal-based monoalcohol unit in Zhunger Banner is operating normally and is expected to stop on the 15th. It is estimated that it will stop for about 1 week. At present, it has a daily output of about 3,300 tons.

Spot: The methanol market in Jiangsu Port is still growing. Currently, Taicang's import quotation is 3420-3450 yuan/ton delivered, and the domestic supply quotation is 3,340-3,360 yuan/ton, and Jiangyin and Nanjing have not yet received any import report. On the plate, it was reported that the domestic supply was increased to 3350 yuan/ton, and the inventory was still low. The domestic supply price of Nantong was 3,360 yuan/ton, and the import supply continued to be sealed. The current downstream shipment was acceptable, and shipments were relatively smooth. , The price advantage may be maintained.

Summary of views: The domestic methanol market is still quite uplifted, and locals have a firmer view of the market. Waiting for market sentiment is stronger. It is reported that the inventory in the northwest region is currently low, so the situation of new orders has a continuation, but there is no market situation with price or There have been manifestations; inland areas currently continue to take orders for goods in the early stage, it is reported that the market is willing to accept the goods downstream, and the market supply is tight, short-term temporary maintenance of the city mainly; port areas are still feeling up, but recently the market is relatively clear The transaction volume may increase; the inland area (mainly in Lunan area) is expected to be dominated by the market; technically, the 1401 methanol contract will fluctuate upwards. It is expected that the market will confirm the 2900 support, and it is recommended to trade in the 2880--2920 range. .