Methanol prices rebounded

The domestic methanol market price continued to fall for three months after New Year's Day ended, and began to rebound. As of January 23, the average spot price of domestic methanol was 2,647 yuan/ton, which was 3.12% higher than last week.

Analysts believe that the methanol spot is rising year by year. The first reason is that methanol ** has risen sharply. Under the backdrop of the overall moderate recovery of China's macro economy, the market is expected to have a good outlook for the future of methanol; the first is that the year is approaching, downstream intensive replenishment, In particular, under the influence of buying or not buying, the company’s shipments improved; thirdly, due to the impact of snowfall in the recent past, the supply of goods outside the provinces was blocked, and the markets in Shandong, North China, and China were firm; the fourth was due to the tension in winter. Inner Mongolia Boyuan, Su Tianhua, Lutianhua, Daqing Oilfield, Qinghai Golmud and other sets of methanol plant parking.

Although the methanol market is performing a general rally, the upside should not be overestimated. Although the methanol vehicle pilot news stimulated the market to be optimistic about the future demand for methanol, the promotion of methanol vehicles will take some time. In addition, although some dimethyl ether companies have recently moved upwards, actual transaction discounts are larger. Moreover, close to the year, formaldehyde companies have also begun parking in succession.