Despite the overall downturn in the chemical market since the second half of the year, the methanol industry chain, as a coal chemical segment, has risen. The latest data provided by the commodity data analysis agency Business Club to the newspaper yesterday showed that since June 30th, domestic methanol and dimethyl ether prices have fluctuated up by nearly 3 months. Square Tubing Aluminum,Aluminium Square Tube Profiles,Aluminum Profile Tube,Square Tube Aluminium Profile Guangdong Huachang Group Co., Ltd. , https://www.wacangaluminium.com
Data show that the mainstream price of methanol in Shandong has increased from about 2670 yuan/ton at the end of June to 3,200 yuan/ton; the average price of dimethyl ether has risen from 4,350 yuan to 30,000 yuan on June 30th. More than a ton, both hit a new high this year.
As of yesterday, methanol prices have risen by 23.07% since the lowest point of the year; dimethyl ether prices have risen by 16.42% from the lowest point, and have risen 6.39% in the last 7 days. Compared with the same period of last year, the above two varieties rose by 27.7% and 27.24% respectively. Obviously, the current methanol, dimethyl ether has been the first to enter the "golden nine silver ten."
“The continuous high price of coal in the upper reaches and the upcoming cycle of the market is the main reason supporting the rise in the price of the methanol industry chain. The demand for formaldehyde entered the peak season, active dimethyl ether purchases, insufficient supply of acetic acid in the market, and strong demand for methanol fuel and methanol to olefins. These factors have all contributed to the continued strength of methanol prices," said Wang Min, an analyst at the business community.
The domestic price of dimethyl ether is synchronized with liquefied gas for a long time. Around the Mid-Autumn Festival this year, the price of liquefied gas has skyrocketed, making the terminal's demand for dimethyl ether rapidly increase. This has also led to an increase in the price of dimethyl ether.
Wang Min also pointed out that the current shutdown and maintenance of some of the equipment, the shortage of supply in the market, low inventory, all contributed to the firm high methanol. With the downstream manufacturers entering the National Day preparation cycle, and the winter peak of oil use is approaching, methanol prices are expected to rise further.
The reporter then learned from Sinopec Group that the company's methanol sales business has been very hot recently. For example, Sinopec Chemical Sales South China Branch has sold 14,000 tons of methanol in the Fujian market since September. One month's sales are equivalent to the company's 2010 in Fujian. 53% of the market's methanol trading volume.
It is worth noting that the pilot project of methanol gasoline, which has been highly hoped for by the industry, has been promoted smoothly. This has also become one of the incentives for the hot methanol market.
“At present, the Ministry of Industry and Information Technology has upgraded methanol gasoline from a pilot for scientific research to a pilot for industrialization, and the trials are in good condition. Next, relevant standards will be gradually released, and the introduction of standards will mean national recognition of the industry.†National standard technology for alcohol ether fuels Sun Maohua, secretary general of the committee and chairman of the board of Shanxi Wharton Industrial Group, told this reporter that the “M15 Methanol Gasoline Standard†is expected to be introduced within the next few months, becoming the third national standard for methanol gasoline.
Han Ra, the deputy secretary-general of the China Association of Automotive Engineers, pointed out that under the background of the shortage of oil resources, the diversification of vehicle energy has become an inevitable trend, and methanol, dimethyl ether, etc. can meet this demand.