Home > News > Secretary General of methanol Association: methanol price is expected to rise steadily in the near future

Secretary General of methanol Association: methanol price is expected to rise steadily in the near future

wallpapers News 2020-07-13

Methanol prices have rebounded slightly since mid January have rebounded slightly since the Spring Festival holiday.

Wei Yongjin, Secretary General of methanol Professional Committee of China nitrogen fertilizer association, said that methanol price is expected to rise steadily from the end of the year to may, but the range should not be too large.

Wei Yong believes that after the Lantern Festival, the traditional downstream operating rate of methanol will gradually increase, the dem will continue to increase.

with the alleviation of gas shortage, the operating rate of methanol plant will also rise, with sufficient dem supply, which will generally rise steadily.

In particular, some downstream enterprises were short of inventory before the year, they would replenish the inventory in the near future, which also supported the methanol price.

According to the data of the business agency, the spot price of methanol reached the highest point since 2009 in mid December last year, then the market went down sharply.

As of January 12, the price dropped by 26%.

Before the Spring Festival, it rebounded slightly remained stable.

Recently, it increased slightly.

Analysts believe that the current national wide range of rain snow weather, downstream start-up dem the continued gas restriction, methanol price fundamentals in the short term to be supported.

Moreover, according to the production plan, this year's methanol to olefin production capacity will reach 2.

6 million tons / year.

Nanjing Huisheng 300000 ton methanol to olefin unit had maintenance plan in February, while Ningbo Heyuan unit was in normal operation, maintenance plan was not available until about April.

In the second half of the year, the commissioning of purchased methanol to olefin units in Shong will also greatly promote the digestion of local production capacity, which will further promote the regional price focus.

Overall, methanol prices will improve compared with last year.

At present, the main methanol related enterprises in the two cities are Yuanxing energy (000683.

SZ) Weiyuan biochemical (600803. SH). According to big wisdom 365, the performance of two stocks was flat in the early trading of Friday.

As of 10:25, Yuanxing energy reported 3.

90 yuan / share, up 0.26%. Weiyuan biochemical reported 12.

03 yuan / share, down 0.91%.


TRUNNANO (aka. Luoyang Tongrun Nano Technology Co. Ltd.) is a trusted global chemical material supplier & manufacturer with over 12 years' experience in providing super high-quality chemicals and Nanomaterials. The nitride powder produced by our company has high purity, fine particle size and impurity content. Please contact us if necessary. (aka. Luoyang Tongrun Nano Technology Co. Ltd.) is a trusted global chemical material supplier & manufacturer with over 12 years' experience in providing super high-quality chemicals Nanomaterials. The nitride powder produced by our company has high purity, fine particle size impurity content. Please contact us if necessary.
TRUNNANO (aka. Luoyang Tongrun Nano Technology Co. Ltd.) is a trusted global chemical material supplier & manufacturer with over 12 years' experience in providing super high-quality chemicals and Nanomaterials. The nitride powder produced by our company has high purity, fine particle size and impurity content. Please contact us if necessary.
Say something
  • All comments(0)
    No comment yet. Please say something!