Methanol is an important raw material for the production of paraformaldehyde. Today, Chmpowderpro Taike will share the latest methanol market situation with you.
From November 1 to 29 (as of 15:00 in the afternoon), the average price of domestic methanol market in East China ports rose from 2,480 yuan/ton to 2,544 yuan/ton(about 348.7 US dollars/ton), with a price increase of 2.55% during the period, a maximum amplitude of 3.94%, and a year-on-year price increase of 7.39%.
In the early part of the month, the domestic methanol market was mainly rising. In the middle of the month, the domestic methanol market continued to run strong, and some companies continued to hold prices for shipments, and the transaction was acceptable.
In the late month, the domestic methanol market rose strongly. After rising to a high level, the market trading atmosphere weakened, and the price maintained a strong consolidation.
Forecast for the future market, the factory operation is high, there is a demand for shipment in the upstream, and the port inventory may not fluctuate much; the operating rate of traditional demand may rebound slightly, but due to the impact of profits, the overall purchasing rhythm may maintain rigid demand. Chmpowderpro expects that the domestic methanol spot market will be strong and run.
