7, East China and other more than the collective increase in the price of methanol companies offer, the main day of the contract also once again limit, a new high this year. Spot market, the 6 methanol companies offer rose nearly 8%, the cumulative increase of more than 50% this year.
It is understood that the current market supply is tight, the downstream enterprises to increase the intensity of methanol procurement. In addition, part of the device maintenance and further reduce the supply of methanol, boost methanol prices rise.

Since the fourth quarter of this year, the methanol market appears to accelerate rising trend:
On the one hand by coal, crude oil and other raw materials prices rose support;
On the other hand, environmental verification, equipment maintenance and other factors such as the supply and demand pattern of the industry to improve.
The recent northwest methanol plant accident parking, methanol supply was reduced, while Hebei, Shanxi, Henan and other places of the environmental protection examination has not diminished, small and medium manufacturing enterprises to limit production, production makes supply decline. With the increase of the follow-up snow and ice weather, the cost of freight transport in the northwest and other places will be further increased, the regional supply and demand tense situation or will continue.

The latest price, the East China market methanol price rose to 2850 yuan per ton to 2900 yuan, of which the market price of Ningbo has been close to 3000 yuan per ton. Other areas continue to push up sharply, to increase 100 yuan per ton or more, Shandong, Anhui and other places more than the price of more than 2800 yuan per ton, the majority of enterprises in the northwest part of the enterprise once again raised, 3 times increase to 2650 yuan per ton. Port market, the stock continued to decline, the price of methanol has been close to 2800 yuan per ton to 3000 yuan. Near the end of the year around the stock up or speed, tight supply and demand for methanol prices is expected to post strong impetus, methanol prices are still up space.

Industry fundamentals, at present, China’s total methanol production capacity of nearly 70 million tons, due to the lower load, the actual production is much lower than the production capacity, from January to October this year, the total production of refined methanol is only 35 million 300 thousand tons. Downstream market, methanol to olefins has gradually become an important new growth point of the industry, will effectively boost the market demand. Since last year, the domestic methanol to olefin project into production peak, the new capacity is expected to reach 9 million 580 thousand tons of ethylene and propylene, which purchased methanol demand of about 24 million 130 thousand tons. New Austrian shares have a capacity of 738 thousand tons of methanol,

methanol product gross profit margin of more than 30%. Baotailong and Yuan Xing energy also has the capacity of methanol, the business income accounted for the proportion of revenues were 10.2% and 13.25%.
Equipment overhaul, by the environmental protection and other factors, Henan, Hebei and other places a number of methanol plant down the negative, the average operating rate in November decreased by 8.78%. Downstream market, enterprises operating rate increase in December 1st, domestic coal (methanol) to olefins plant the average operating rate of 85.73% over the previous week, up 10.32 percentage points, Yulin Shenhua device can resume normal operation, the domestic methanol to olefins plant overall operating level increased significantly, before two enterprise parking device ether have also restarted operating rate a slight increase in 3.03% than the previous week. Downstream operating rate increased, especially the methanol to olefins plant operating rate significantly increased, the upstream methanol prices played a significant supporting role.

Environmental pressure, as an alternative fuel methanol gasoline, clean degree better than conventional gasoline, and exhaust pollution is also low, is gradually being recognized by the market. 11 Yuegong ministry has proposed, will further deepen the Methanol-fueled car pilot, to establish and perfect the standard system, strengthen policy guidance, actively explore the development mode of Methanol-fueled car, promote Methanol-fueled car development for promoting vehicle fuel diversification, reduce vehicle emissions, plays an important role in energy security. At present, Shanghai, Shanxi and other places have been carried out methanol pilot, with the subsequent expansion of the pilot areas will bring new market space for the methanol products.