In December 1st, domestic coal (methanol) to olefins plant the average operating rate of 86% over the previous week, up 10 percentage points. The downstream operating rate increased, especially significantly improved MTO equipment operating rate, the supporting effect on the upstream price of methanol. In addition, port stocks continued to decline, resulting in market circulation can reduce the supply, the market has been in short supply.

Recently, the coastal two sets of new MTO device (Changzhou Fu Tak Jiangsu Shenghong 300 thousand tons and 600 thousand tons / year) will start again the news to stimulate the stock market, the overall demand is expected to a new level. As of October, a total of 739 domestic and imported methanol million tons, far exceeding last year’s 5 million 540 thousand tons. The first quarter of next year, the possibility of two sets of equipment operating greatly, while the domestic supply temporarily appears insufficient, methanol imports this year is expected to continue to record. However, once the international ports are facing supply problems, no goods available situation.

The chemical market gradually picked up in the background, the cost of raw materials rise, leading to a series of reasons for methanol production in the supply crunch, parking more tight inventory and downstream demand to many other factors caused the domestic methanol market supply situation, prices continue to rise. The short term, these positive factors will not disappear, so the methanol market is expected to continue crazy.