Coal Price Is Weak And Crude Oil Is Volatile

Demand for coal is weak during the slack season recently. Coal mines lower prices amid concerns about increasing inventory. However, buyers adopt wait-and-see approach and any speculative demand ebbs amid bearish sentiment.

Crude oil is volatile recently, hit by geopolitical conflict as well as macro economic policies. The drop in crude oil price deals a blow to chemical as well as methanol prices.

In a conclusion, with weak demand, bounteous supply and volatile coal and crude oil prices, it is difficult for methanol to find any driver to move up.