Since mid December, at the end of the tense capital and long profits double negative factors weighed, methanol futures futures prices relatively high diving, the mainland market valuation pressure greatly resolve. The methanol market supply situation will continue, the price is expected to rise in methanol oscillation.

The producers of oil price boost is still in production

The week of December 23rd, the United States active oil rigs increase high of 13 units to 523 units during the year, U.S. crude oil production fell slightly to 10 thousand barrels a day to 8 million 786 thousand barrels / day. At present the market worried about rising oil prices will stimulate the U.S. shale oil output increased sharply and then reverse oil prices down. We believe that with the U.S. shale oil drilling output failure in the accelerating period, the stock of drilling production space is limited, and the new drilling and post fracturing investment needs to see the sustainable profit level of oil prices (such as $60 / barrel above), before the international oil prices rose to $60 / barrel, no need to worry too much about shale oil output.

In November OPEC crude oil production hit a record high, up to 33 million 870 thousand barrels a day, but because of Saudi Arabia, Kuwait, UAE and other countries have to notify downstream customers to reduce the supply of crude oil, and oil producing countries in the joint production supervision committee will convene in January 13, 2017, which means that the OPEC and non OPEC production cuts will soon be implemented.

The latter point of view, if the 2017 OPEC and non OPEC production agreement executed by the United States shale oil output failure effect, increase the space is limited, while the global crude oil market demand will still maintain 1 million 200 thousand barrels per day increase, the first half of 2017, there will be a global supply gap, the second half of worldwide crude oil will be significantly high inventory ease.

Methanol production capacity is limited, supply bottlenec

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