Benign Industrial Value Transfer Supported Methanol Price Rise
Entering November, the rapid rise of methanol price basically met market expectations. The market was supported by multiple favorable factors, such as the tightened methanol supply caused by the restriction on natural gas supply, higher cost and bullish macro-environment. In addition, the expected shutdown of some methanol units and crude oil price fluctuations also drove up the methanol prices to some extent. After the quick rise, whether the prices will continue to rise and the extent of price rise worth watching. SCI considers that besides the supply-demand fundamentals, the changes in the industrial value chain also needs to be paid attention to.
