Price trend

According to the monitoring data of SunSirs, the domestic methanol price at East China ports on October 27 was 2,808 RMB/ton, down 1.27% from the previous trading day and down 21.18% year on year.

On October 27, the methanol futures market of Zhengzhou Commodity Exchange was deadlocked and shocked. The main contract MA2301 closed at 2,536 RMB/ton in late trading, down 28 RMB/ton or 2.12% from the closing of the previous trading day.

Analysis review

The coal price slightly loosened, the crude oil fluctuated, the supply side was abundant, the demand side had not improved temporarily, and the methanol market had fallen for two consecutive days.

Local transportation was limited, and some enterprises increased their inventories, which further aggravated the wait-and-see mood of traders.

Market outlook

In the short term, the domestic methanol market was mainly weak and sorted out.

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