downstream plant operations as well as the pandemic situation

Looking forward, traders’ sentiment is mixed. Though the spring turnaround season has begun, the average operating rate of domestic methanol plants hovers relatively high compared to previous years. Therefore, it is difficult for the inventory to further reduce in spite of the supply reduction. Meanwhile, with the sharp rise in methanol prices this week, some maintenance could get postponed or some plants could get restarted earlier than scheduled. Therefore, methanol price is expected to correct in inland China, and the focus is laid on the progress of maintenance, downstream plant operations as well as the pandemic situation.