Methanol Guide: morning analysis of methanol market on February 20

Methanol Guide: The domestic methanol market fluctuated in a narrow range yesterday. At the beginning of the week, the upstream enterprises in the northwest delivered goods well, some enterprises stopped selling, in addition to the improvement of logistics and transportation in some markets in the near future, the number of vehicles increased compared with the previous period, the enthusiasm of traders to enter the market increased, and the price of some methanol enterprises increased. However, the current downstream recovery of terminal is still slow, and some MTO devices in East China have maintenance plans, while the demand side is still bad, and some operators are still cautious. In terms of ports, futures are in shock and consolidation, and there are occasional downstream replenishments in the region, with small orders required for more transactions. Short term domestic methanol market may be dominated by narrow range shocks.