p>This week, the domestic methanol market rose sharply with the price at RMB2,330/t at early week and RMB2,460/t at the weekend, increasing by 5.6%. Because of the energy-saving and ejection-decreasing, the fittings in some areas reduce the production and some had the plan of stopping operation. What's more, the supply in NW-China was limited. The market price went higher. At present, most downstream industry demand are still weak. But the operation rate in Henan, Shanxi and NW-China is comparatively low, so the market supply is limited. This also supports the market on some degree.
It is predicted that the domestic methanol market still has rising space.
China Chemical Weekly: http://news.chemnet.com/en/detail-1403616.html
