China port inventory of methanol hovered high

China port inventory of methanol hovered high. In Apr, about 1.1 million tons of methanol cargoes were reported to have arrived, a high level throughout the year. In May, the large amount of imports were expected to be little changed. As a result, the port inventory at reserve areas is expected to keep rising. With persistent increasing inventory coupled with weak demand, methanol price declined in tandem. As of May 19, methanol port inventory rose 63.4kt week on week to 909.8kt in East and South China, including 518.5kt in Jiangsu, 228kt in Zhejiang, 95.8kt in Guangdong and 67.5kt in Fujian.