China Methanol Weekly Review and Forecast (Feb.7th - Feb.10th 2022)

Time: Feb 11, 2022

As the raw material for the production of paraformaldehyde, methanol is very important. Let's take a look at China's methanol market trend.

This week, China's methanol market was up and down regionally.

  • After the Spring Festival holiday, the production enterprises in the main production areas in the northwest pushed up in a narrow range, but the market was not buying enough, and the transactions of enterprises were very limited.
  • Downstream parking or load reduction in some northern areas has resulted in low willingness to purchase raw materials and poor market transactions.
  • This week, the coastal methanol market was stable and on the strong side, and the overall transaction center was slightly upward.

The overall trading performance was light.

paraformaldehyde powder

China Methanol Market Forecast

Huafu Chemicals believes that the recovery process downstream of the terminal is slow, especially in the traditional refining field in the north, and it is difficult to effectively recover in the short term.

  • Next week, the focus of transactions of companies in the main producing areas may continue to loosen, some high-end prices in the mainland will continue to adjust, and transactions in various regions will remain weak.
  • Recently, coastal mid and downstream users have digested inherent inventory, and their purchasing enthusiasm is not high. The arrival of imported cargo and domestic trade goods in Hong Kong is relatively stable, and the overall fundamentals are relatively weak. It is expected that the coastal methanol market will remain weak in the short term.

Paraformaldehyde Purchasing Hotline: +86 15905996312 (Ms. Shelly)

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