What is the market situation for methanol-derived products such as acetic acid and ethylene glycol?
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Recently, many manufacturers that had originally planned to enter into contracts for the design and supply of equipment related to methanol and its downstream products have announced suspensions or delays in such projects. It is unclear whether this is due to the effects on the stock market and the depreciation of the RMB; what is the outlook for such projects?
Affected by the global situation, product consumption has declined; coupled with oil prices now being back in a low range, coal-based methanol has almost no competitive advantage
With the overall economic situation being poor, demand will surely slow down