BEIJING, Nov. 18 /PRNewswire-Asia/ -- Himfr.com, one of China's leading B2B search platforms with more than 30 B2B industry websites to its name, reports on the weakness of the methanol market.
At present, the domestic methanol market is still weak. Although the mainland methanol market trend is relatively stable, major markets along the coast still lack support. Due to lack of support in the downstream market for methanol, methanol supply is relatively ample, while demand is relatively depressed, so market transactions are cautious. In the short-term, the Chinese methanol market will continue its downturn trend.
The methanol market is depressed in East China. The mainstream offers are 2,100 ~ 2,180 yuan, with high turnover reduced. The downstream demand continues to level, and the market is in wait-and-see mode. Constrained by weak demand, traders lack confidence.
The methanol market supply in South China is more abundant, and prices are falling slowly. Methanol supplies are more adequate, so market supply is relatively relaxed, but the market is weakening. Downstream demand is stagnating; traders' shipments have been impeded so they continue to affect the market. The mainstream quotation dropped to 2,100 ~ 2,150 yuan.
The methanol market in the southwest is relatively stable, with small fluctuations in the price. Due to fewer local methanol plants, methanol factory inventory is not high; shipping is stable, mainstream factory quotes are 2,050 ~ 2,150 yuan.
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