SunSirs: China Methanol Market rose again on the first day after the National Day Holidays

2021-10-11by admin

  According to the monitoring data of SunSirs, the spot price of domestic methanol was 3,800 RMB/ ton on October 8, up 5.19% from the previous working day. On October 8, methanol futures of Zhengzhou Commodity Exchange closed at 3,741 RMB/ ton, up 157 RMB/ ton compared with the closing of the previous trading day. The supply in the mainland is still tight, the traditional downstream demand is stable, the new downstream is expected to increase, the inventory of upstream enterprises is low, and the local selling price is more than 4,000 RMB/ ton. The traders’ buying psychology is relatively obvious. The short-term methanol market may rise in China.