Methanol Guide: morning analysis of methanol market on October 17

Yesterday, the port of domestic methanol market fell sharply, and the mainland adjusted. Although the low inventory in Northwest China still forms a certain support for the market, the situation of enterprise shipment is different, and some enterprises sell at a reduced price. At present, the downstream market demand is weak, the receiving atmosphere is weak, the manufacturer's shipment is not smooth, and the focus of local negotiation is falling. The operator is cautious in operation, and the wait-and-see mood is not diminished. On the port side, futures continued to decline, port spot prices continued to fall with the market, the market atmosphere was weak and trading volume was limited. The short-term domestic methanol market is dominated by narrow range shocks, and there may be room for further correction in some areas.