Methanol Guide: morning analysis of methanol market on January 7
Methanol Guide: Yesterday, the domestic methanol market was strong, especially the port rose sharply. Some enterprises in the main production areas stopped selling after opening, with strong upstream performance. In recent days, there are many rainy and snowy weather in China, the roads are closed, and there are not many circulating goods in Bohai rim and other places. At the beginning of the week, we will keep watching. In addition, near the end of the year, there is also a demand for goods preparation in the downstream, and logistics vehicles gradually reduce in rainy and snowy weather, and transportation costs increase. The price of crude oil futures in Europe and the United States continued to rise broadly, methanol futures boosted by crude oil rose sharply at the opening, the focus of port negotiations moved up, and the atmosphere of on-site trading was active. Short term domestic methanol market may maintain strong operation.
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