Methanol: first rise in the first half of the year and then decline in the second half of the year

In 2021, the domestic methanol market will experience a round of moderate recovery and then a sharp rise and fall under the background of sharp rise in raw coal prices and shrinking domestic production capacity

Regarding the methanol market trend in 2022, industry insiders believe that the methanol market will adapt to changes in the economic cycle.

The market rebounded at the beginning of the year

The first-line market information shows that the domestic methanol market has begun to rebound recently.

"By the end of 2021, most domestic methanol companies have returned to below the cost line.

At the same time, the methanol external market also began to rise continuously due to the upward impact of crude oil futures

In the first half of the year, it may rise first and then decline

"Because most coal-to-methanol enterprises have self-supporting olefin, fertilizer, acetic acid and other devices, the amount of pure commercial methanol will be lower

The person in charge of the methanol project of Zhongyuan Futures said that in the first quarter, the country will still maintain a stable loose policy environment, coupled with the impact of limited production capacity release, the methanol market will stabilize and rebound or become the mainstream trend

　　Steady recovery in the second half of the year

　　"After the shock adjustment in the first half of the year, the domestic methanol market is expected to recover moderately again in the second half of 2022.

　　Zhao Wei, chief economist of Sinolink Securities, believes that a new round of monetary easing cycle, interest rate cuts may not be the end

　　Industry insiders said that the first half of 2022 will be a period of stabilizing the upstream and promoting consolidation, while the second half will be a period of stabilizing demand and promoting growth.