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SunSirs: China Domestic Methanol Market Continued to Rise Last Week (September 7-10)

September 14 2020 10:36:18     SunSirs (Selena)

Last week (9.7-9.10), China domestic methanol market continued to rise, the rise was slower than the previous week. According to the monitoring data of SunSirs, the average price of domestic methanol market was 1,725 RMB/ ton at the beginning of the week, and 1,805 RMB/ ton at the weekend, with an increase of 4.64% during the week, an increase of 11.25% on a month on month basis, and a decrease of 13.97% year-on-year. At the beginning of the week, affected by the strong trend of futures, the quotation of methanol market in various regions also went up to varying degrees, among which the rise in Shandong and Shanxi was obvious. At the end of the week, with the crude oil plummeting, the chemical products prices generally fell, and the high quotation of methanol market dropped. Some production enterprises temporarily shut down their devices, and the enterprise shipment was fair, and the manufacturer's offer was firm. The methanol analysts of SunSirs predict that the domestic methanol market will fluctuate at a high level in the short term.


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