The methanol market in Inner Mongolia has experienced notable volatility recently, influenced by several key factors including international crude oil price fluctuations, decreased downstream production during the off-season, and reduced domestic methanol production. These factors have collectively weakened the price center of gravity, leading to fluctuating market conditions.
Market dynamics indicate that purchases continue to be primarily driven by rigid demand. As of July 19, the average transaction price of methanol in the Inner Mongolia market stood at 2,125 yuan per ton, marking a decrease of 15 yuan per ton compared to July 11.
Looking ahead, short-term forecasts suggest further complexities in the market. Scheduled maintenance shutdowns at mainland methanol plants from mid-July to early August are expected to limit market circulation. Additionally, some olefins sectors are reliant on external procurement plans, further narrowing market availability.
Despite these factors, the overall outlook remains cautious. Traditional downstream sectors continue to exhibit moderate demand, suggesting that methanol prices may continue to demonstrate a pattern of weakness and volatility in the near term.
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