Methanol is the trend of rising prices is still upside later established

international crude oil rising continuously, after the first trading day of methanol directly gapped, rose 4.78%. Then methanol continues to rise, Wednesday Chonggao down, close Doji, Thursday to continue to adjust. Methanol is the rising trend of the market is established, the latter still upside.

The raw material price is strong

Since this year, coal spot prices up, compared with the end of last year rose nearly doubled. The main reason is to promote relatively tight supply of coal prices, although the national development and Reform Commission launched a response mechanism, increase the daily 500 thousand tons of coal production capacity, but low inventory and transportation bottlenecks, the next period of time, supply tensions will not change too much.

In addition, the recent coal prices rose, the anthracite market driven very obvious role, including the end of coal, lump coal prices are different degree of up. After entering October, civilian needs open, downstream chemical users also need winter storage, so the demand is obviously improve the early coal resources, in tight supply environment, short-term market or anthracite inflation to fall. The price of raw materials makes strong methanol cost uplift.