The methanol market has entered a rebound stage

After the domestic coal-to-methanol production fell below the cost line, enterprises introduced intensive maintenance plans. Supported by favorable factors such as the reduction of supply expectation and the rebound of crude oil price, all manufacturers raised the price of methanol on April 13.For example, the ex-factory price in central and eastern shandong increased by 30 yuan (ton price, the same below) to 1750 ~ 1790 yuan;On April 14, shandong xinneng phoenix (tengzhou) energy co., LTD.April 15, hebei jinshi fertilizer coal methanol quotation increased by 20 yuan. The methanol market has entered a rebound stage.

The main consumption areas of methanol are in northwest China and east China, and the main consumption areas are coal/methanol to olefin.In 2019, coal/methanol to olefin accounted for 52.63% of the total methanol consumption. As the largest downstream, the operation dynamics of coal/methanol to olefin unit have an important impact on the market.In early April, the olefin unit of zhejiang xingxing new energy technology co., LTD., which was harvested methanol from abroad, returned to work and the demand for methanol increased.
Methanol to olefin further down, touched the fiber and other fields are greatly affected by the epidemic, the rise in oil prices and the market speculation of fiber materials, polypropylene products minute by minute has become a normal.