I. Key Focus Areas
Core Logic: Macro sentiment remains unstable; traders are locking in profits at high price levels.
II. Price List
| Product | Region | Sep 14 | Sep 15 | Change Rate |
|---|---|---|---|---|
| Methanol | Taicang Area | 3773 | 3790 | 0.45% |
| Formaldehyde | Shandong Area | 1740 | 1730 | -0.57% |
| Dimethyl Ether (DME) | Henan Area | 4850 | 4850 | 0% |
| Glacial Acetic Acid | Jiangsu Area | 3975 | 4075 | 2.52% |
| MTBE | Shandong Area | 7850 | 7875 | 0.32% |
| PP Granules/T30S Filament Ningbo Fude | Ningbo Area | 10200 | 10200 | 0% |
| Notes: 1. Methanol and glacial acetic acid are National Standard Grade A; formaldehyde content is 37%. 2. Prices are spot RMB prices, not weekly averages; unit: CNY/ton. 3. Formaldehyde, DME, and MTBE are ex-factory cash-in-advance inclusive of tax; acetic acid is delivered acceptance inclusive of tax; methanol and PP are warehouse cash-in-advance inclusive of tax. 4. The change rate represents week-on-week fluctuation. |
III. Market Outlook
In the short term, macro sentiment remains cautious with significant fluctuations. Combined with expectations of supply recovery and weakening downstream demand, market participants have become conservative in their buying and selling operations, leading to a gradual release of some short positions. Low-priced cargoes are impacting the market, putting pressure on the sales of high-priced inventory.
IV. Data Calendar
| Time | Monday | Tuesday | Wednesday | Thursday | Friday |
|---|---|---|---|---|---|
| 14:30 PM | / | / | Methanol Port Inventory | Traditional Downstream Capacity Utilization | / |
| 14:30 PM | / | / | Methanol Enterprise Inventory | MTO Capacity Utilization | / |
| 17:00 PM | Northwest Plant Pricing | North Shandong Refinery Tender Price | / | Methanol Output | North Shandong Refinery Tender Price |
| 17:00 PM | / | Northwest Plant Contract Volume | / | Methanol Capacity Utilization | / |
Comments
0