Last week, the domestic methanol market strengthened. Tight natural gas supplies in the main Middle Eastern markets led to the shutdown of multiple methanol plants, resulting in expectations of a reduction in methanol imports. The market's circulating supply will gradually decrease. Foreign market prices drove the coastal market to rise sharply, and inquiries and external purchases from some downstream industries further boosted the methanol market in the hinterland.
After the midpoint of last week, some bearish news emerged, coupled with downstream resistance to high prices, leading to insufficient upward momentum and a weakening market sentiment. However, supported by the positive fundamentals outlook, prices remained high and stable. This week, inland factories have continuous shipment needs, while port imports continue to decline, potentially resulting in stable-to-declining inventories. The market's circulating supply is expected to decrease, and methanol market prices may exhibit a tendency to strengthen.
