Spot Availability Tight in Coastal Methanol Market
In H1, 2021, China’s methanol capacity kept growing, but the supply pressure was not heavy in the spot market, especially in the coastal market where tradable resources remained tight.
As showed in the above chart, the overall port inventory always had no obvious increases from March to May, so did the volume of tradable resources. Especially from mid-April to mid-May, the volume of tradable resources kept declining. According to SCI, the volume of tradable resources just took up 19.68% of the total port inventory on May 20 (The proportion was 30%-40% in the same period of previous years.), and the proportion was only 12.39% in East China. So what are the reasons behind this situation? SCI will make an analysis.
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