The spot market has been slow to see the real body of cash nine, gold nine silver ten or silver nine gold ten

According to customs data, in the first half of 2024, China's cumulative total import volume of methanol was 6.3026 million tons, a decrease of 398,400 tons compared with the same period last year and a year-on-year decrease of 5.95%. Among them, the month with the largest monthly import volume occurred in January, and the monthly import volume was approximately 1.3833 million tons, reaching the peak level in recent years.

The start of olefin units in the mainland declined, the demand in the East China market weakened, and the increase in imported methanol shipments led to the accumulation of inventories in the port market. In the first half of this year, methanol port inventories were in a "W" shape, with a maximum of 976,700 tons and a minimum of 700,100 tons. Operating rates in the international market are rising, and imports of methanol are expected to increase in July. If demand does not improve, port inventories may continue to accumulate rapidly, putting pressure on the spot basis.

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