Methanol Guide: morning analysis of methanol market on January 9
Methanol Guide: Yesterday, methanol in China as a whole strengthened. The main production area in Northwest China has a good shipping performance. The mentality of the operators is strong. Before the Spring Festival in mainland China, there is a demand for goods preparation in some downstream areas. The shipping in the area is relatively smooth, and the freight in rainy and snowy weather is strong. In addition, with the bidding price rising in northern Shandong, some traders are more active in receiving goods, and the overall negotiation focus of the market is higher. However, crude oil fell broadly, which was negative for energy chemical products, which may have a certain impact on futures. Methanol is expected to show a regional trend.
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