International methanol concentrated in the port

On the 4th, domestic methanol prices rose, and CFR Southeast Asia fell. Shanxi, Jiangsu, and Guangdong rose by 30 yuan/ton, 10 yuan/ton, and 50 yuan/ton. CFR South East Asia -10 US dollars / ton, CFR China +15 US dollars / ton, spread 80 US dollars / ton.

On the 4th, methanol ** rose abnormally quickly. May contract +0.37% to close at 2694; September +1.48% to close at 2804. Short-term pressures refer to 2790, 2840 respectively.

The international quotation returned to the historical platform, gradually stabilized, and the role of continuing to suppress domestic coastal prices was weakening. The operating rate of domestic installations slowly picked up and supplies resumed, but the short-term supply was tight. Prices in Southeast Asia continue to fall, and pessimistic estimates still have a $30/ton fall, and international methanol has recently been concentrated in ports, which has depressed the prices of southern China ports.

Recommendations: **Investment has no obvious long-term opportunities; short-term long-term take-profits only focus on the pressure level; and long 5-9 spread arbitrage.