Analysis and forecast of domestic methanol price trends on March 8

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Analysis and forecast of domestic methanol price trends on March 8 http://www.chemcp.com March 8, 2019, China Chemical Products Network. Yesterday, the methanol market in the Chinese mainland saw both rises and falls in prices. Supported by low inventory levels among companies in the northwest, prices remain high ； However, in North China, due to resistance from downstream customers to high prices, factories face difficulties in selling their products, and manufacturers in Shanxi have reduced their prices ； In markets such as Central China, there is a strong attitude of wait-and-see. On the port side, due to high inventory levels and a sharp drop in futures prices toward the end of the trading day, traders adopted a cautious approach, resulting in modest trading volume throughout the day. In the short term, the domestic methanol market shows regional trends. In the future, it will still be necessary to pay attention to the status of domestic methanol production facilities, downstream demand, port inventory levels, freight costs, and the trend of futures prices.