SunSirs--China Commodity Data Group

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SunSirs: Consolidation of China Methanol Market after Rising

November 20 2020 11:18:43     SunSirs (Selena)

On November 19, after the domestic methanol market rose, some manufacturers lowered their ex-factory quotations about 50 RMB/ ton. According to the monitoring data of SunSirs, the average price of methanol producers in Shandong was 1,882 RMB/ ton on November 1 and 2,115 RMB/ ton on November 19 in Shandong. The price cycle increased by 12.35%, and the price rose by 9.59% month on month and 1.78% year on year. Affected by the weather in some areas, there is no quotation for shutdown and maintenance of the device. At present, the inventory of production enterprises is not high, and the attitude of the industry is optimistic. At present, the profits of traders are fair, and the methanol analysts of the business society predict that the domestic methanol market will fluctuate in the short term.


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