Methanol spot market entangled

Drying equipment

Methanol continues the consolidation trend. The main ME1205 contract started weakly at 3,000 yuan/ton high in the morning, and the price fluctuated and finally fell to 2985 yuan/ton, which was 3 points lower than the previous day, a decrease of 0.1%; the daily volume was 30,730 lots, 10,832 hands, 498 lots. .

The general atmosphere in the spot market was generally stable. Today, the Jiangsu port methanol market is mainly watching and the port performance is relatively calm. Some traders' offer prices are at 2890-2900 yuan/ton, and no deal has been heard. Ningbo port's methanol traders' mainstream can offer is stable at 2,990 yuan/ton. The family waits and sees mainly, no deal is heard. The south China port methanol market was slightly deadlocked. Guangdong methanol traders' mainstream can offering prices were mostly concentrated at 2,900 yuan/ton, and actual canning talks were mostly concentrated at 2880-2900 yuan/ton. In the Mainland, Shijiazhuang, Hebei Province and its surrounding methanol companies shipped smoothly. The company's cash outflows remained stable at around RMB 2,720/t; the company's inventory was low and shipments were smooth. Tangshan's methanol production rose to RMB 2,750/ton, with individual offers at RMB 2,770. / Ton; Methanol enterprises in Shandong mainstream high-end factory rose 20 yuan / ton to 2780-2820 yuan / ton. Among them, the mainstream of the mid-eastern factory is 2,800-2820 yuan/ton, and part of the acceptance price is 2,910 yuan/ton. Traders' prices for Zibo and surrounding markets are mainly at 2840-2850 yuan/ton. Truck manufacturers in northern Shaanxi and Inner Mongolia are quoted at 2450-2520 yuan per ton for factory trucks and 2430-2470 yuan per ton in the mainstream.

The current spot market is tangled. The downturn in the supply and demand side caused the buyer to look bearish in the afternoon. Traders were optimistic about the outlook for the strong import prices on the outer disk and the expected impact of the future downstream warming. The buyers and sellers were temporarily in a stalemate. In the direction of short-term volatility is not clear, the methanol futures can only follow the spot to maintain the dilemma of the consolidation market; from the trend point of view, the methanol above the 3,000-point integer mark facing more than a single withdrawal and the protection of the package selling pressure, limited upside It is recommended that ME1205 maintain its current range of thinking, short and more timely profit, if you break the support on the 5th line, you can choose to try light space.

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