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Factors impacting methanol market after the holiday

After the Chinese New Year holiday (February 15th-Febraury 21st, 2018), China methanol market performed weakly.

02-26-2018 17:08:42

Methanol spot price in East China falls

In the third week of January, methanol spot price in East China fell. To noon of January 16th, methanol spot price in Jiangsu plunged by CNY400-430/mt from January 12th or 10% to CNY3,300/mt.

01-18-2018 16:33:58

Natural gas price falls, gas-fed methanol units to restart

From middle November 2017, natural gas price surged as natural gas supply was short amid implementation of “shifting from coal-burning to gas-burning”.

01-17-2018 15:41:47

Transportation affects China domestic methanol market

After the New Year’s Day holiday, China domestic methanol market moved regionally. Methanol prices in regions where methanol was consumed rose amid end users’ replenishment.

01-11-2018 11:04:42

DME price rose

According to JLC, profits of DME units still kept poor despite DME price rise. As end users replenished successively before the upcoming National Day holiday, DME price is expected to rise further.

09-28-2017 13:55:14

VAC market will face a turning point in June

From May 2017, VAC price in domestic market declined four times in row, down by high CNY900/mt. Against traditional slack season of consumption, downstream performed poorly, forcing VAC plants to cut the prices consecutively.

06-14-2017 15:05:48

Concentrated maintenance of acetic anhydride units comes

Acetic anhydride always got high profit. However, profit of the product lingered around cost line from the beginning of 2017 and got negative number in January and February. But, the concentrated unit maintenance was bullish news to market participants.

06-14-2017 11:16:28

Independent R &D MTO unit of Shenhua runs at 100% load stably

To June 5th, MTO unit of Shenhua CTL Chemical Company Xinjiang coal-based new material project processed 242.7 mt methanol per hour for the first time and ran stably at 100% load.

06-13-2017 16:01:48

Feasibility study report & risk assessment of 1.2 million mt/yr coal-to-methanol project

On June 7th, 2017, conference about feasibility study report and risk assessment of Datong Coal Mine Group’s 1.2 million mt/yr coal-to-methanol project was held.

06-13-2017 15:00:11

Supply changes will lead methanol market in South China temporally

After the Dragon Boat Festival (May 28th-May 30th), methanol prices moved regionally in China market. Methanol price in Shandong fell firstly as it was pushed up rapidly in previous period.

06-13-2017 09:48:17

Methanol supply and demand analysis in June

Methanol price in domestic market underwent a down-then-up trend. In H2 May, along with periodical replenishment in inland market and operation of traders, methanol delivery in production areas turned better.

06-08-2017 17:44:54

Unbalanced methanol supply and demand is eased

Units’ maintenance and falling inventories at ports eased unbalanced methanol supply and demand. And the upcoming slack season is seasonal rule. Therefore, bearish factors have been consumed.

06-06-2017 17:00:21

Run rate of methanol units in China (May 2017)

According to data monitored by JLC, run rate of domestic methanol industry rose slightly in May 2017, staying around 61.1%, up 4.3 percentage points from April. Affected by environmental inspection, some methanol units in North China cut run load or stopped operation.

05-31-2017 18:00:43

Five coal chemical bases in China

After the development in the 12th-Five-Year-Plan, there are five coal chemical bases established in China, including Ningxia Ningdong Chemicals Program, Inner Mongolia Zhongtian Hechuang CTO Program, Anhui Zhong’an CTO Program, Guizhou Bijie CTO Program and Xinjing Huaidong Coal-to-Gas Program.

05-31-2017 16:41:16

Glacial acetic acid supply in China

In recent years, domestic glacial acetic acid was affected by supply greatly. How glacial acetic acid supply affects the market will be showed here.

05-24-2017 16:49:04

200,000 mt/yr methanol-to-polypropylene project will conduct commissioning in 2017

600,000 mt methanol-to-200,000 mt polypropylene project of Huating Coal Group attracts much attention.

05-24-2017 15:21:53

Prediction of methanol price movement in Southwest China

From the second half of March to middle May, arbitrage between Sichuan & Chongqing and Jiangsu almost closed except for H1 April, which was mainly resulted from sluggish fundamentals in domestic market and environmental protection.

05-24-2017 10:42:01

Bearish factors in methanol market

Continue from last passage “Bullish factors in methanol market”, bearish factors in methanol market will be analyzed here.

05-23-2017 17:32:10

Bullish factors in methanol market

Methanol price didn’t move downward gradually in recent days. And methanol price even rebounded in several regions, like Shanxi and East China, driven by bullish factors.

05-23-2017 14:04:21

Profit of methanol downstream products in China since 2017

It is known that MTO programs in China consume almost 40% higher methanol. And traditional downstream products seems quiet. However, the whole traditional methanol downstream products still use over 40% methanol in China, down greatly from 70% in five years ago.

05-18-2017 15:46:18

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