Afternoon, the present import profit chain to reduce the number of expected upside down, imports still exist. Port stocks continued will continue or drop, once the inventory continued falling, or support the long-term price of methanol.
2, the olefin demand or support in the long-term price
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In 2016 with the Montana coal, Shenhua Xinjiang, Qinghai, Saline Lake and other transit co-founder of olefin plant production capacity reached 11 million 370 thousand tons of olefin plant in China, 25 sets of 16072 device. For olefin demand proportion as high as 48%, accounting for the emerging demand proportion as high as 70%. Therefore, the operating rate will continue to run high olefin is crucial to lower demand for methanol. According to our information statistics, as of November 11, 2016, olefin plant operating rate of 81.56%, rose 3.83. Since the recent olefin plant operating rate has been maintained at around 80% high level, or the existence of underpinning effect on the price of methanol.
Although the price increase is greater than the methanol olefin, olefin manufacturers profit has decreased, but MTP can still profit. The effects of stimulation of profit under the market outlook still exist olefin factory operating rate of energy prices. Olefin high operation rate or support the long-term price of methanol.
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