Methanol is expected to continue to rise in the near future

Entering September, the long-awaited "Golden Nine" market in the domestic methanol market arrived
as scheduled.

"This round of methanol market rise is mainly driven by
favorable factors such as the decline in market supply, the expectation of steady growth of demand and inventory, and the downward trend of port inventory.

Supply continues to decline

According to the statistics of Henan Chemical Network, since August, a number of large methanol plants in China have begun to overhaul
.

Shao Huiwen said that on the basis of relatively stable demand, the continuous decline in methanol supply is an important driver of this round of rising market
.

Demand is expected to grow

Recently, the operating rate of acetic acid, N, N-dimethylformamide (DMF), coal-to-olefins and other industries in the downstream of methanol has been improved to varying degrees, up 3%, 10% and 6%
respectively from the beginning of the month.

Henan trader Yan Shaoqi said that in addition to the downstream demand pull of fertilizers, acetic acid, DMF, coal-to-olefins, etc.

"The operating rate of the domestic formaldehyde industry remains at about 25%, and due to the recent market recovery, formaldehyde production enterprises plan to increase the operating rate
.

Port inventories fell

"The continuous decline in port inventories has created a positive atmosphere for the domestic methanol market, and has been slightly lower than the port price in the domestic market, continuing to pick up to about 2800 yuan, which has begun to level with the domestic mainstream market price, which is good for the mainland market
.

Port inventory data show that as of September 15, the total inventory of methanol in China's ports was about 863,000 tons, down 7.

From the perspective of foreign supply, Iran's 1.

Some industry experts said that the follow-up methanol market should be cautiously optimistic
.