Last week, the domestic methanol market rebounded from shocks. On the mainland, last week, the price of coal at the cost end stopped falling and turned up. The shock and rise of methanol futures gave the market a positive boost. The mood of the industry improved and the overall atmosphere of the market rebounded. During the week, traders and downstream enterprises actively purchased, and the upstream shipment was smooth. Last week, the inventory of manufacturing enterprises dropped sharply, and the manufacturers’ mentality was firm. At the beginning of the week, the shipping price of upstream methanol manufacturers was lowered, and then the overall market in the mainland continued to rise. In terms of ports, the international commencement is still at a low level. In anticipation of the reduction of import volume, the offer of spot users is firm. Especially on the 23rd, coal drove methanol futures up, and the spot price of ports also rose sharply. However, the port olefin industry is weak and the price is rising rapidly. The insiders are mainly wait-and-see, and the transaction atmosphere is general.
In the future, the cost side of coal is expected to be stronger to support it. At present, the methanol market is in a warm mood. Methanol enterprises that shut down at the supply end in the early stage have gradually recovered or have a recovery plan in the near future. However, affected by the recent rise in coal prices, some of the original plans to restart the units at the end of the month have been postponed. In addition, the main factories in the northwest plan to conduct spring inspection in the middle of March. On the downstream side, the traditional downstream start is OK. At present, the olefin start is not high. The subsequent restart plan of Ningbo Fude and Zhongyuan Ethylene Storage needs to be focused on its recovery. In terms of ports, short-term port inventory may remain low. In general, it is expected that the domestic methanol market will be more volatile in the short term. Attention should be paid to the recovery of methanol and downstream olefin enterprises.