The trend of price:

The news:

  1. The 85 natural gas installations of Chongqing Carbele has been stopped on December 11 due to limited air and the restart time is variable.

  2. Qinghai Guilu 800,000 tons of natural gas installations continue to stop because of limited gas and it is expected to restart after the Spring Festival.

  3. Qinghai Zhonghao 600,000 tons of natural gas plant has been stopped on November 24 due to air restriction and it is expected to restart after the Spring Festival.

  4. The 50 natural gas installations of Sichuan Jiuyuan has been stopped on December 11 due to limited air and the restart time is variable.

  5. Shandong Yankuang Guohong 63 coal-based equipment needs to overhaul 25 days on January 6.

  6. Sichuan Lutianhua 1 # 40 coal plant is currently on overhaul.

In terms of existing inventory: mainstream price negotiated by Jiangsu Taicang methanol traders rose 50 yuan / ton and the newest price is around 3500-3550 yuan / ton .There are adequate supply and moderate turnover.

Summary: At present, the inventory in the upper reaches of Shandong Province is still low, the downstream purchase is still based on demand and the purchasing volume is not high, and the price declines slowly. The phenomenon of accumulate inventory becomes serious due to poor shipping conditions in Guanzhong region last week. The trend of price decline this week becomes obvious and the magnitude is too large. As the Spring Festival approached, all regions started to replenish their stocks.