The methanol market continues to fall

Last week, the domestic methanol market was very weak, and prices continued to fall rapidly.

The international methanol market continued to fall, the domestic futures trend also declined, the downstream olefin plant operating rate decreased, the demand side was very low, and the spot supply was very abundant, and the price was rapidly lowered.

In terms of regions, the trading atmosphere in East China market is weak, and the price declines faster. The mainstream cans offer 2800~2950 yuan (ton price, the same below); the market in South China is very weak, the price continues to fall, the mainstream price is 2850~2880 yuan; The market sentiment was sluggish and the price accelerated. The mainstream ex-factory price was 2570~2900 yuan. The demand for support in North China market was weak. The price continued to drop. The mainstream ex-factory price was 2400~2600 yuan. The trading atmosphere in the northeast market was very deserted, and the price continued to fall rapidly. The mainstream ex-factory price of methanol is 2700~2800 yuan; the trading atmosphere in the southwest market is very low, and the price has fallen sharply. The mainstream price of manufacturers is 2700~2800 yuan, and the mainstream price of the market is 2750~2850 yuan.

Looking at the market outlook, the current methanol market is pessimistic and lacks confidence in the market outlook. In the context of weak trading conditions and oversupply in domestic and foreign markets, the short-term market is expected to continue to fluctuate.