It is understood that the methanol futures trading limit removed, last week, two sets of new coastal olefin plant year started again the news to stimulate the stock market, the overall demand is expected to a new level. In addition, port stocks last week continued to decline, resulting in market circulation can reduce the supply, the market has been in short supply.

Data show that the port region in the near future to continue to reduce inventory, including East China stocks fell to 385 thousand tons, down 8 thousand tons. At the same time, with the advance of time, port two sets of olefin business operation time further approaching.

A substantial increase in demand is expected, with futures, capital strength, domestic and foreign supply is relatively limited to enlarge, the methanol futures rose sharply on Monday.

“According to the contract, after the main contract since last week to shift positions to obtain funds in May, pro lai. Masukura up yesterday.” Everbright futures analyst Zhong Meiyan believes that on the one hand, methanol is stronger fundamentals, the contradiction between supply and demand has not improved as expected stock funds, leveraging the medium-term demand is expected to sit. In addition, the overall price evaluation system reconstruction, shift the focus on price.

Specific to the supply and demand, supply abroad for various reasons recently has remained low, in December the foreign supply of only 750 thousand tons in the domestic supply by the end device; East China gas head device maintenance and parking, there has been a structural shortage of supply, demand, there exist; olefin plant (in fact is expected to drive in addition, cars have begun stocking) this year because of real estate plate start well and other factors also play a role in underpinning the macro funds face; finally, people generally optimistic about the economic situation in the first half of next year, and next year the rebound in crude oil, thisobjectively far month the first limit has created certain conditions.

In the industry view, although the fundamentals of the methanol market is strong, 2600 yuan / ton high stage after the break, methanol futures short period or in high rangebound. But after new year’s Day approaching, the northern region of the methanol downstream into the traditional off-season, supply recovery will face shrinking demand, then the market trend is still need to be further discussed.