Methanol Guide: morning analysis of methanol market on October 24
Methanol Guide: Yesterday, the domestic Methanol market continued to decline, with a significant partial decline. In Shandong, Hebei and other places, a new round of air pollution control began, FORMALDEHYDE and other traditional downstream affected and construction began to decline, which restrained the demand for methanol. Moreover, users are not interested in purchasing raw materials, and the overall demand is extremely weak. Under the background of poor delivery, it also forces the production enterprises in the upstream main production area to reduce the price and arrange the inventory. On the port side, due to the number of arrivals or more than expected, the futures trend in the day is weak, and the spot price of the port declines with the market. At present, the arbitrage window of the circulation of goods between the major cities is closed, and the regional trend is increasingly prominent. Short term domestic methanol market may continue to weaken.
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