Methanol Guide: morning analysis of methanol market on October 16

The domestic methanol market was weak yesterday. The inventory pressure in the northwest main production area is not great, and some of the main olefins are supplied, but the downstream slightly contradicts the high price. At the beginning of the week, the local price in Guanzhong declined slightly, and the trading atmosphere in the field was general. The enthusiasm of receiving goods in the downstream market of the mainland is not high, most of the goods are collected on demand, some of the enterprises' shipments are not good, coupled with the decline of futures, which has a negative impact on the mentality of some enterprises, and the market prices around the Bohai Sea and Huaihai sea have declined. On the port side, futures continued to decline, port spot fluctuated with the market, general gas buying in the region, and cautious attitude. The short-term domestic methanol market is mainly subject to a narrow range of shocks, some of which may have a correction under the pressure of demand.