methanol also crazy. Less than two months, up nearly 50%.
This year National Day over, methanol futures didn’t stop. Before the national day of the port area of East China methanol price is only 1900 yuan / ton, the festival rose to 2050 yuan / ton. A little later after a breath and made a whirlwind, just a week, from 2500 up to 3200!
WeChat pictures from the public number futures daily”
However, methanol futures mania is only a corner of iceberg chemical industry.
| Sulfamic acid |
This chemical price rose more than 30% of the nearly 30, price rose more than 30% to 16. TDI and other varieties of prices and spreads or even reached 164.8% and 285.6%, a record high.
Orient Securities Chief Petrochemical analyst Zhao Chen believes that this year, chemical products prices continued to rebound, corporate profits improved significantly, not only because the demand side policy underpinning to maintain growth, and the supply side of the past few years a lot of exit capacity, finally the gap between supply and demand to boost prices.
| Magnesium sulphate |