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SunSirs: China Methanol Market was Adjusted at a Low Level
August 11 2022 08:32:09SunSirs(Selena)

According to the monitoring data of SunSirs, on August 9, the domestic methanol in East China port was about 2,490 RMB/ ton, down 2.23% from the previous working day. On August 9, the main contract M2209 of methanol futures closed at 2,488 RMB/ ton, down 59 RMB/ ton or 1.54% compared with the closing of the previous trading day.

The international oil price fluctuates widely, and the supply side is abundant. The quotation market for equipment maintenance of production enterprises has not seen obvious effect. After the commencement of the equipment, the external quotation is reduced by about 50 RMB/ ton. At the same time, the demand side pays less, and the unit operating rate of downstream enterprises is generally low.

In the short term, China domestic methanol market is still likely to decline.

 

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