Methanol Guide: morning analysis of methanol market on December 31

Methanol Guide: Methanol trend in China was strong yesterday. Under the influence of factors such as less arrival than expected and continuous decline of port inventory, futures maintained a strong upward trend, while the overall port spot supply was slightly tight, the industry's mentality was strong, and the spot focus was positively upward. However, the overall performance of the mainland is not as good as that of the port. Although the downstream receiving cost has increased under the influence of the local logistics tension due to the rising freight, and the delivery speed of manufacturers has slightly improved under the local downstream air replenishment operation, and the price center of some cities has increased, but the current downstream demand is relatively weak as a whole, and some upstream manufacturers still have the pressure of storage and discharge before the festival. The regional trend of short-term domestic methanol market still exists, and the port performance is better than the mainland.