Methanol Guide: morning analysis of methanol market on October 18
Yesterday, the domestic methanol market as a whole was weak. Although the current inventory of the factories in the main production area is not much, the mainstream market continues to decline under the pressure of weak demand due to the cautious reception of underground customers in consumption areas such as Shandong and Hebei, and more digestion of raw material inventory. However, the price in the main production area is high, and there is no arbitrage space in the consumption area, so the actual shipment in the week is not good, and the price of some enterprises in the northwest is loose. In terms of ports, futures are weak and spot prices are down. In the later stage, it is necessary to pay attention to whether the supply of port goods flows back to the mainland. The short-term domestic methanol market is still in a weak state.
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