Zhengzhou methanol continued to decline with the energy and chemical sector yesterday, while the night market continued to decline slightly and broke support. The market range was under significant pressure, with recent inventory peaks falling and polyolefins stabilizing. The strengthening of coal has provided industrial support for the rebound of the alcohol market. However, currently, the polyolefin and energy and chemical sectors are under pressure again, leading to weak alcohol prices. The strengthening of coal and inventory decline may become a stabilizing factor in the future.

Since the second half of the year, news such as Saudi Arabia's supply reduction to the United States and Saudi Arabia's production reduction and extension has stimulated the oil market and domestic energy and chemical sectors to strengthen and rise. Alcohol prices have also achieved an annual reversal driven by the continuous rise of polyolefins and coal, breaking out of the big V market and rebounding from continuous fluctuations below the 2,000 level to a high operating level above 2,500 at the beginning of the year.

However, it should be noted that the atmosphere and cost driving properties of this round of increase are relatively strong. The improvement of downstream demand is still slow, and the significant increase in imports may also cause uncertainty in port and warehouse prices. Although inventory has decreased, the total amount is still quite large, and the demand side of fundamentals still needs to work hard. Only when the alcohol price rises can it be solid enough. After the market rises the operating center, it may gradually find the lower limit support of the high operating range to observe the industry's acceptance response to high alcohol prices, Recently, the situation in the Middle East has been fluctuating, and the conflict between Palestine and Israel has become increasingly fierce. However, with the relaxation of US policies and the impact of US production increase, oil prices have fallen again. The recent decline in oil prices has prompted the market to once again anticipate the possibility of OPEC production reduction, and to pay attention to whether oil prices and domestic energy will stabilize.

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