Recently, the third session of the Methanol Production Enterprise Exchange Conference in the Lunan Subei Region was held in Xinyi City, Jiangsu Province. In response to the recent severe regional overcapacity and the dramatic increase in upstream raw material costs, representatives from six participating companies in Lunan North Sub-region conducted issues on the development of methanol at home and abroad, recent market trends, and the impact of the listing of methanol futures on manufacturing companies. Extensive exchange analysis and discussion.
The meeting will establish a regional community of interests and play a leading role; establish relevant mechanisms to improve marketing levels; strengthen information communication and sharing, reasonably avoid inventory pressure, jointly maintain regional supply and demand balance and industry stability, and achieve a consensus on the sound development of the area.
Participants said that methanol futures will be listed soon, which will have an indirect impact on the spot market. It can balance sales rhythm, ease sales pressures, promote enterprises to establish a foothold in the market, and seize opportunities for development. This is good news. By strengthening horizontal exchanges between enterprises, mutual trust, understanding and support can be promoted, voice rights can be improved, pricing rights can be improved, and influence can be increased. As a result, weather indicators can be formed on the national market and regional influence can be further enhanced.
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