Methanol Guide: morning analysis of methanol market on February 10

Methanol Guide: Last week, the domestic acetic acid market trading was limited. Affected by the outbreak of the new coronavirus, many high speed transportation is blocked, the vehicles are limited and the capacity of the drivers is less, and the logistics resistance is still relatively large. Some parts of the region have short distance and urgent need transactions around the week, and trans provincial or long-distance transportation is still more difficult to achieve. Due to the extension of the Spring Festival holiday, the time for many places to return to work has been delayed again and again, and most manufacturers have gradually accumulated their inventories. Under the condition of poor sales, some units will stop or reduce their load in a planned way. The traditional downstream formaldehyde plant is delayed to restart, and the demand side is also expected to be poor. Although the logistics and transportation situation may be gradually alleviated, the actual transportation situation still needs to be followed up due to the influence of drivers and other factors. Some local and municipal production enterprises will return to work gradually next week, focusing on the recovery of downstream shutdown or load reduction devices. It is expected that the short-term domestic methanol market will mainly fluctuate in a narrow range.