Although the coastal areas (Jiangsu, Zhejiang and Southern China area) methanol 949 thousand and 600 tons in inventory

Although the coastal areas (Jiangsu, Zhejiang and Southern China area) methanol 949 thousand and 600 tons in inventory, but the overall circulation can supply only 230 thousand tons, 55 thousand tons less than in October 9th. However, affected by the typhoon, foreign methanol plant maintenance and other factors, the recent part should be in late September to the end of the month to Hong Kong import cargo postponed to Hong Kong, this should be in the mid to late 9. Port of Iran and Oman also delayed unloading cargo loading port, and the gap between supply and demand problems considering the recent part of the shipment there are also frequent change situation in Hong kong.

Overall, there is more support methanol fundamentals, a strong price makes methanol is the raw material costs continue to uplift; two is the majority of domestic equipment maintenance or overhaul, and olefin producing areas northwest just need support in the region to reduce the supply; three is the traditional peak season demand, inventory is low, prices firm in Shandong; four is the coastal area off the sources of imports to Hong Kong, circulation of tight supply. In wave theory, the current rise since August 30th in the third wave, after the adjustment is expected to continue to rise.