Methanol Guide: morning analysis of methanol market on October 22
The domestic methanol market continued to decline yesterday. Downstream demand drag, last week northwest enterprises shipping limited, early this week, the clearance of the middle market fell sharply. At present, the sentiment of receiving goods in the lower reaches of the mainland is still not high, the market trading atmosphere is light, the decline of markets around Bohai Sea and Huaihai sea is further enlarged, the focus of market negotiation is further expanded, and the bearish sentiment of market players is obvious. In terms of ports, the trend of futures market has declined, port prices have weakened, the volume in the region is limited, and the overall trading atmosphere is general. Short term domestic methanol market may continue to weaken.
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