Market Review: methanol main contract ME1501 today opened in 2822, up to 2845, the lowest 2817, closed in late 2842. Compared with the previous day's settlement price rose 0.64%, compared with the previous day's turnover increased to 81 200 7684 hand-hand positions than the previous increase in 5310 to 82,400 hand-hand. 

 

International aspects: August 18 closing price of methanol FOB Rotterdam in Europe: 378.00-379.35 U.S. dollars / ton, unchanged from the previous day; FOB U.S. Gulf methanol closing price: 378.78-380.44 U.S. dollars / ton, unchanged from the previous day. 

 

Domestic news: Currently, China has increased investment in new energy vehicles, the implementation of "vehicle fuel methanol" standard, but because no exact correspondence of methanol standards, the industry everyone was watching, for methanol still in the primitive stages of understanding, coupled with a macroeconomic policy not fully liberalized, the future is still a long way dawn of methanol. 

 

Spot market: August 19, east, central, south, southwest, north of methanol market stability, some areas vulnerable to the downside. Which methanol price Jiangyin, Changzhou region 2620 yuan / ton, Taicang spot price at 2620 yuan / ton, Nantong offer in 2640-2650 yuan / ton, down 10 yuan / ton; Guangdong merchants offer 2670-2700 yuan / ton, Dongguan region offer in 2700 yuan / ton in the vicinity since the mention, Fujian offer 2740-2750 yuan / ton. Northeast methanol market rose slightly. Downstream trading atmosphere vulnerable stalemate, the industry pretty much wait and see the price. 

 

 

Action proposed: methanol opened lower today, opening, opening up and down for an hour in the maintenance of repeated shocks, then anxious to pull the line, breaking the 5-day moving average yesterday engulfed Yin late to close above the 5-day moving average, Dayang add up to the top notch. Fundamentals appear more than steady state, pre-transport pressure is not reduced, some areas remain high methanol, another port inventory pressures have eased, the industry pretty much wait and see the price. Technically, the pre-2830 line after the long and short line is expected to stabilize, methanol will continue to rebound, today's strong confirms this. Now stand on the 5-day moving average, is expected to rebound in the short term to maintain upward trend, covering pre-gap, bargain-hunting investors Qingcang follow up the rebound .. Tomorrow or open near 2830, activist investor wet storage in line with 2820, with a stop 2800, day trading is appropriate. Focus on the 2850 line pressure.Market Review: methanol main contract ME1501 today opened in 2822, up to 2845, the lowest 2817, closed in late 2842. Compared with the previous day's settlement price rose 0.64%, compared with the previous day's turnover increased to 81 200 7684 hand-hand positions than the previous increase in 5310 to 82,400 hand-hand. 

 

International aspects: August 18 closing price of methanol FOB Rotterdam in Europe: 378.00-379.35 U.S. dollars / ton, unchanged from the previous day; FOB U.S. Gulf methanol closing price: 378.78-380.44 U.S. dollars / ton, unchanged from the previous day. 

 

Domestic news: Currently, China has increased investment in new energy vehicles, the implementation of "vehicle fuel methanol" standard, but because no exact correspondence of methanol standards, the industry everyone was watching, for methanol still in the primitive stages of understanding, coupled with a macroeconomic policy not fully liberalized, the future is still a long way dawn of methanol. 

 

Spot market: August 19, east, central, south, southwest, north of methanol market stability, some areas vulnerable to the downside. Which methanol price Jiangyin, Changzhou region 2620 yuan / ton, Taicang spot price at 2620 yuan / ton, Nantong offer in 2640-2650 yuan / ton, down 10 yuan / ton; Guangdong merchants offer 2670-2700 yuan / ton, Dongguan region offer in 2700 yuan / ton in the vicinity since the mention, Fujian offer 2740-2750 yuan / ton. Northeast methanol market rose slightly. Downstream trading atmosphere vulnerable stalemate, the industry pretty much wait and see the price. 

 

 

Action proposed: methanol opened lower today, opening, opening up and down for an hour in the maintenance of repeated shocks, then anxious to pull the line, breaking the 5-day moving average yesterday engulfed Yin late to close above the 5-day moving average, Dayang add up to the top notch. Fundamentals appear more than steady state, pre-transport pressure is not reduced, some areas remain high methanol, another port inventory pressures have eased, the industry pretty much wait and see the price. Technically, the pre-2830 line after the long and short line is expected to stabilize, methanol will continue to rebound, today's strong confirms this. Now stand on the 5-day moving average, is expected to rebound in the short term to maintain upward trend, covering pre-gap, bargain-hunting investors Qingcang follow up the rebound .. Tomorrow or open near 2830, activist investor wet storage in line with 2820, with a stop 2800, day trading is appropriate. Focus on the 2850 line pressure.