On March 20, the benchmark price of methanol in Sunsirs was 2611.67 RMB/ton, which was -4.80% lower than that at the beginning of this month (2743.33 RMB/ton).

According to the monitoring of SunSirs, the domestic methanol market fluctuated and consolidated. From March 10th to 17th (as of 15:00 p.m.), the average price of the domestic methanol market in East China ports dropped from 2620 RMB/ton to 2611 RMB/ton. The price fell by 0.25% during the cycle, and the price fell by 3.63% month-on-month and 7.14% year-on-year. Raw material coal fluctuated in a range, and the price of methanol rose slightly at the beginning of the week. However, the futures fell sharply on Thursday, and the atmosphere of the methanol market dropped accordingly. With the increase in orders for some downstream products, the methanol market rebounded slightly.

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