Methanol wide shock

Yesterday, Zhengzhou methanol highest offer 2849 yuan / ton, the lowest offer 2829 yuan / ton, closing at 2841 yuan / ton, compared with the previous trading day rose 0.46%, 0 hand positions, trading volume of 1050 hands.

News: 1, Shanxi Yangxi Fengxi methanol latest offer was raised to 2850 yuan / ton out of storage, its Linyi area 200,000 tons / year coal methanol plant at 10.21 shutdown maintenance, repair time is expected to be 15 days or so, small single Shipment; 2, Shanxi Orchid Branch (600123) methanol latest offer raised to 2,730 yuan / ton out of the library, the actual turnover is slightly lower; its three plants a total of 120,000 tons / ton device stable operation, daily output of 100 tons, out The goods are relatively stable.

In terms of spot: The Jiangsu port's methanol market has a lot of interest in the market. At present, Taicang's import offer is performed at RMB 3,370-3,380/ton, and the domestic supply is at RMB 3,280-3,300/ton. Jiangyin and Nanjing have not been available recently. The import offer was made with caution and the Nantong import offer was executed at 3,380 yuan/ton.

Summary of views: The domestic methanol market is still on the upward trend, and the volume has increased compared with the previous period. The price in the northwest has remained stable. It is reported that the atmosphere of the trading is still acceptable. At present, it is reported that there is a decline in on-site inventory, and the price may have increased; Inland areas have recently received relatively smooth shipments, so manufacturers have a good mentality, and the short-term trials have increased their sentiment; the high-quality atmosphere in the port area is still prominent, although the import supply has increased, but the merchant shipping pressure is not, and domestic sources Affected by the influence of the surrounding prices, the price is still firm; the inland area (mainly in the Lunan region) is expected to maintain its strength. Technically, the methanol 1401 contract oscillated sideways, and the market is expected to measure the pressure on the 2850 line. It is recommended to trade in the 2800-2850 range.