According to the monitoring data of SunSirs, on September 6, the domestic methanol at East China port was 2,672 RMB/ ton, an increase of 2.82% over the previous working day and 2.18% year-on-year. On September 6, methanol futures in Zhengzhou Commodity Exchange continued to rise. The main contract MA2301 closed at 2,704 RMB/ ton at the end of the trading day, up 83 RMB/ ton or 3.84% compared with the closing of the previous trading day.

The rising international oil price and coal price support the cost of methanol. At the same time, the main production enterprises have more equipment overhauls and reduced the supply. Some areas are affected by the weather, which affects the transportation, and the supply is tight in the short term.

In the short term, the domestic methanol market will fluctuate high in China.

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