Price trend
According to the monitoring data of SunSirs, the average domestic methanol market price was 2,715 RMB/ton on July 11, which was stable compared with the previous trading day and increased by 6.89% year-on-year.
Analysis review
On July 11, the methanol futures of Zhengzhou Commodity Exchange fluctuated weakly. The main contract MA2209 closed at 2,401 RMB/ton in late trading, down 84 RMB/ton or 5.40% from the previous close, leading the futures commodity market on the day to fall.
In terms of spot, methanol supply was abundant, and demand was relatively sluggish, and it is difficult to make obvious improvement in the short term.
Market outlook
In the short term, the domestic methanol market will continue to be sluggish.
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