According to the monitoring data of the business community, the domestic methanol port in East China was 2808 yuan/ton on October 27, down 1.27% from the previous trading day and 21.18% year on year. On October 27, Zhengzhou Commodity Exchange was shocked by methanol deadlock. The main contract MA2301 closed at 2536 yuan/ton in late trading, down 28 yuan/ton or 2.12% from the closing of the previous trading day.
The coal price has slightly loosened, the crude oil has fluctuated, the supply side is abundant, the demand side has not improved temporarily, and the methanol market has fallen for two consecutive days. Local transportation is limited, and some enterprises have increased their inventories, which further aggravates the wait-and-see mood of traders.
The short-term domestic methanol market is mainly weak.
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