Methanol Guide: morning analysis of methanol market on January 3
Methanol Guide: Yesterday, the domestic methanol market continued to strengthen. Northwest shipment is OK, the overall inventory is not high, and local prices continue to rise. At present, the downstream mainly consumes inventory, and the mainland industry is more cautious to wait and see. The transaction atmosphere is general. The increase in port inventory, coupled with the decline in futures, weighed on spot. However, with the approaching of the long Spring Festival holiday, the number of transport vehicles has decreased, and the freight rate has increased, resulting in an increase in the receiving cost of downstream users. Short term domestic methanol market or strong finishing. In the later stage, we still need to pay attention to downstream mentality, port inventory, freight level and futures trend.
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