Methanol Guide: morning analysis of methanol market on January 22

Methanol Guide: Yesterday, the domestic methanol market was in a weak and stable operation. The inventory of upstream enterprises is kept at a low level, and some factories execute early-stage contracts. As the Spring Festival approaches, some small and medium-sized downstream enterprises will stop production and have holidays in succession. Most terminals have finished preparing goods before the festival. With the gradual withdrawal of logistics and market participants to wait for holidays, the chemical industry market expects the delivery to weaken step by step. In terms of ports, the trend of futures declines and port prices fluctuate slightly. At present, the market is light and wait-and-see. The short-term domestic methanol market may maintain a narrow fluctuation pattern, and the market may recover or have a certain buffer period after the festival.