On August 9, the methanol market was adjusted at a low level

According to the monitoring data of business agency, on August 9, the domestic methanol in East China port was about 2490 yuan / ton, down 2.23% from the previous working day. On August 9, the main contract m2209 of methanol futures closed at 2488 yuan / ton, down 59 yuan / ton or 1.54% compared with the closing of the previous trading day.

 

The international oil price fluctuates widely, and the supply side is abundant. The quotation market for equipment maintenance of production enterprises has not seen obvious effect. After the commencement of the equipment, the external quotation is reduced by about 50 yuan / ton. At the same time, the demand side pays less, and the unit operating rate of downstream enterprises is generally low.

 

In the short term, the domestic methanol market is still likely to decline.

PVA