As a raw material for methanol gasoline, formaldehyde, dimethyl ether, acetic acid, and other chemicals, methanol is a commodity that is widely used, but it has been constrained by overcapacity for many years. Recently, with the breakthrough of a series of industrial technologies, the downstream demand for methanol has dawned, and the price has also improved.
The promotion of a high proportion of methanol gasoline was put on the agenda. The reporter learned from the Shaanxi provincial government that the first methanol gasoline gas station in Xi'an was opened on March 3, and the first injection of M25 will be put into use in the middle of this month (methanol accounted for 25%). Gasoline gas station. At the same time, Shaanxi also established a leading group for the promotion of methanol vapor (chaiyang) oil led by the deputy governor of the Ministry of Industry, and asked relevant departments to step up implementation of the preliminary preparations for the province's closed promotion of methanol gasoline. The goal this year is The province sold 1.5 million tons of M25 methanol gasoline. This means that the promotion of a high proportion of methanol gasoline is finally on the agenda.
It is worth noting that a high proportion of methanol-gasoline used to be converted into an engine before it could be used. However, the reporter learned from the National Standardization Technical Committee for Alcohol Ether Fuels that a new technology that can use a high proportion of methanol-gasoline without having to modify the engine is available. "Proportional methanol catalytic combustion technology" has also been successfully developed in China. It uses a new type of additive to make a high percentage of methanol gasoline more stable and suitable for use on ordinary automobile engines. It also changes the disadvantages of methanol gasoline in terms of power, startup, and corrosion. .
At present, the new technology has passed the 200,000-kilometer road test and has already been put into mass production. The unit that owns this technology patent has already established a production base in Shaanxi Province, producing 30,000 tons of additives each year and 3 million tons of methanol gasoline.
The industry believes that the above indications indicate that methanol gasoline is being accelerated and that the sales of 1.5 million tons of M25 methanol gasoline in Shaanxi alone will consume 375,000 tons of methanol, which will improve the current state of excess capacity of methanol from the demand side.
Methanol prices may rise. Prior to this, the person in charge of the Ministry of Industry and Information Technology had clearly indicated that they would carry out methanol car pilot work in Shanghai, Shanxi and Shaanxi. Wang Min, a methanol analyst at the Business Agency Energy Branch, believes that this will boost the activity of the methanol market and increase methanol demand. In this context, the price of methanol may start a new round of rising.
In addition to methanol-gasoline, the formaldehyde market that is also downstream of methanol has recently picked up with the warming of the weather and the start of demand for sheet materials. Another downstream product, dimethyl ether, is in demand, driven by higher prices of liquefied gas.
On the supply side, since late February, a number of methanol plants in Shandong Mingshui, Xinneng Phoenix and Tengzhou Shenglong have been shut down for maintenance, resulting in a sharp drop in supply. The Shandong methanol market immediately reduced its price and directly boosted the growth of the surrounding markets.
According to the data, the price of methanol in Shandong and surrounding areas increased by more than RMB 100/ton during the first week of March. It increased by more than 4% a week. The average domestic price rose from RMB 2,740/ton on February 28 to RMB 2,850/ton. about.
The promotion of a high proportion of methanol gasoline was put on the agenda. The reporter learned from the Shaanxi provincial government that the first methanol gasoline gas station in Xi'an was opened on March 3, and the first injection of M25 will be put into use in the middle of this month (methanol accounted for 25%). Gasoline gas station. At the same time, Shaanxi also established a leading group for the promotion of methanol vapor (chaiyang) oil led by the deputy governor of the Ministry of Industry, and asked relevant departments to step up implementation of the preliminary preparations for the province's closed promotion of methanol gasoline. The goal this year is The province sold 1.5 million tons of M25 methanol gasoline. This means that the promotion of a high proportion of methanol gasoline is finally on the agenda.
It is worth noting that a high proportion of methanol-gasoline used to be converted into an engine before it could be used. However, the reporter learned from the National Standardization Technical Committee for Alcohol Ether Fuels that a new technology that can use a high proportion of methanol-gasoline without having to modify the engine is available. "Proportional methanol catalytic combustion technology" has also been successfully developed in China. It uses a new type of additive to make a high percentage of methanol gasoline more stable and suitable for use on ordinary automobile engines. It also changes the disadvantages of methanol gasoline in terms of power, startup, and corrosion. .
At present, the new technology has passed the 200,000-kilometer road test and has already been put into mass production. The unit that owns this technology patent has already established a production base in Shaanxi Province, producing 30,000 tons of additives each year and 3 million tons of methanol gasoline.
The industry believes that the above indications indicate that methanol gasoline is being accelerated and that the sales of 1.5 million tons of M25 methanol gasoline in Shaanxi alone will consume 375,000 tons of methanol, which will improve the current state of excess capacity of methanol from the demand side.
Methanol prices may rise. Prior to this, the person in charge of the Ministry of Industry and Information Technology had clearly indicated that they would carry out methanol car pilot work in Shanghai, Shanxi and Shaanxi. Wang Min, a methanol analyst at the Business Agency Energy Branch, believes that this will boost the activity of the methanol market and increase methanol demand. In this context, the price of methanol may start a new round of rising.
In addition to methanol-gasoline, the formaldehyde market that is also downstream of methanol has recently picked up with the warming of the weather and the start of demand for sheet materials. Another downstream product, dimethyl ether, is in demand, driven by higher prices of liquefied gas.
On the supply side, since late February, a number of methanol plants in Shandong Mingshui, Xinneng Phoenix and Tengzhou Shenglong have been shut down for maintenance, resulting in a sharp drop in supply. The Shandong methanol market immediately reduced its price and directly boosted the growth of the surrounding markets.
According to the data, the price of methanol in Shandong and surrounding areas increased by more than RMB 100/ton during the first week of March. It increased by more than 4% a week. The average domestic price rose from RMB 2,740/ton on February 28 to RMB 2,850/ton. about.
Guangzhou Jointair Co., Ltd. , https://www.nbjointair.com