At the beginning of this week, the domestic methanol market continued its downward trend with overall weak trading throughout the day.

Based on the subsequent increase in methanol imports and weak downstream demand, the domestic methanol market is expected to maintain a weak trend in the short term, with the possibility of further declines not ruled out. External news: Geopolitical tensions continue to ease, and energy chemicals continue to give back previous war premiums. On the supply side: With the easing of geopolitical tensions and the reopening of Strait passage, the volume of methanol imports is expected to increase significantly, leading to a bearish market sentiment among participants. Additionally, in July, the overall maintenance volume for domestic enterprises is not high, and as some facilities restart in June, domestic methanol supply may remain at a high level.