Methanol Market Rebounded in a Narrow Range on May 16

  According to the monitoring data of SunSirs, the average price of domestic methanol from production enterprises on May 16 was 2,650 RMB/ton, a decrease of 5.78% from the previous month and a decrease of 2.84% from the same period last year.

  Analysis review

  The methanol market opened high and moved low, and the overall transaction was weak.

  Market outlook

  There are both long and short factors in the market recently, and it is expected that the methanol market will be mainly organized in the short term.