Around the National Day holiday (September 28–October 8, 2026), a surge in methanol spot prices significantly expanded profits across all production processes. Specifically, the weekly average profit for coal-based methanol in Northwest and Inner Mongolia regions (calculated based on full cost) reached CNY 891.87/ton, an increase of CNY 311.46/ton from the previous period, representing a quarter-over-quarter growth of 53.66%. When calculated based on cash flow cost, the weekly average profit for this process route was CNY 1,291.87/ton, up 31.77% quarter-over-quarter.
The weekly average profit for coke oven gas-based methanol in Hebei was CNY 1,721.45/ton, rising by CNY 191.45/ton from the previous week, a 12.51% increase. The weekly average profit for natural gas-based methanol in Southwest China was CNY 1,225/ton, an increase of CNY 925.00/ton from the previous week, marking a 32.53% rise. The weekly average profit for coal-based methanol in Shandong was CNY 1,086.87/ton, up by CNY 334.79/ton from the previous week, a 44.52% increase. Meanwhile, the weekly average profit for coal-based methanol in Shanxi was CNY 802.37/ton, increasing by CNY 186.96/ton from the previous week, a 30.38% rise.
| Item | Oct 8 | Sep 24 | Change | QoQ Growth |
|---|---|---|---|---|
| Weekly Avg. Profit: Coal-based Methanol, Northwest (Full Cost) | 891.87 | 580.41 | 311.46 | 53.66% |
| Weekly Avg. Profit: Coal-based Methanol, Northwest (Cash Flow Cost) | 1291.87 | 980.41 | 311.46 | 31.77% |
| Weekly Avg. Profit: Coke Oven Gas-based Methanol, North China | 1721.45 | 1530.00 | 191.45 | 12.51% |
| Weekly Avg. Profit: Natural Gas-based Methanol, Southwest | 1225.00 | 925.00 | 300.00 | 32.43% |
Sample Description: On the data release day, Chempricehub Information monitors theoretical profits based on raw material prices and mainstream transaction prices of methanol in major production regions across China.
Definition: Production gross margin refers to the weekly theoretical gross margin for methanol producers. It is categorized by production process into weekly average gross margins for coal-based methanol, coke oven gas-based methanol, and natural gas-based methanol.
Statistical Methodology: The methanol gross margin reported by Chempricehub Information is a calculated figure derived from methanol market prices and total production costs. Data is released every Thursday at 15:00 on working days.
Note: Based on actual field surveys, the calculation formula for the production cost of coke oven gas-based methanol has been adjusted from "Hebei Methanol Price - (Thermal Coal Cost + Gas Price Cost + Other Costs)" to "Hebei Methanol Price - (Gas Price Cost + Other Costs)."
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