LYDD Methanol Industry Salon (Zibo Station) was Successfully Held

On March 25, the "2024 Methanol Industry Salon" hosted by LYDD of Guolian Co., Ltd. was successfully held in Zibo, Shandong. Li Qing, Vice President of LYDD and General Manager of Shandong Center, Wang Xianghong, Vice President of LYDD and Director of Industry Big Data Department, Li Minghe, Methanol Industry Manager of LYDD Industry Big Data Department, Diao Jihua, Methanol Sales Director of Shandong Center, Wang Lun, Business Manager of LYDD Methanol Division, and Han Zhen, Methanol Business Manager of Shandong Center, attended the event.

With the theme of "Digital Empowerment, Industry Co-promotion", the conference is committed to promoting the high-quality development of China's methanol industry, and discussing on the spot issues such as whether methanol production capacity will continue to increase in 2024 and whether the methanol market can find new consumption points under the pattern of loose supply.

During the discussion, Wang Xianghong, Vice President of LYDD and Director of the Industry Big Data Department, delivered "Some Practices in the Direction of Industrial Digitalization" and Li Minghe, Methanol Industry Manager of the Industry Big Data Department of LYDD, delivered "Analysis of the Methanol Industry Chain and Market Outlook", which were widely recognized by the industry.

Wang Xianghong introduced the business model of Guolian’s Duoduo platforms, the main business of all Duoduo platforms, and the typical cases of digital empowerment cloud warehouse, cloud logistics, digital factory and industrial chain penetration. She said: "The marginal benefits of the traditional methanol business are shrinking, and the development of the industrial chain ecology is the general trend. Based on the existing business foundation, LYDD of Guolian Co., Ltd. takes data resources as the core production factor, digital technology as the support, and digital platform as the focus to strengthen the methanol industry system, realize the digital traceability of methanol resources, and look forward to everyone colliding with new sparks in other main businesses of Duoduo. ”

Li Minghe firstly introduced the basic situation of the methanol industry chain and the future development trend. She said: "In 2023, China's methanol production capacity was close to 100 million tons, With the opening of the epidemic to drive the recovery of market consumption, at the same time the methanol supply side has also fully recovered, but the recovery of terminal market demand was not as expected, under the influence of the contradiction between supply and demand, the methanol market continued to be weak, but the reduction of coal prices at the raw material end has made the profits of coal-to-methanol enterprises have been repaired to a certain extent. In 2024, China's methanol production capacity will continue to increase, and whether the methanol market can find new consumption points under the pattern of loose supply, it’s still a question”

At the same time, the participants conducted in-depth discussions on the spot pending order system of the Duoduo platform. The representatives all said that the spot pending order system built on the cloud warehouse of the Duoduo platform is the trend of the times, and the methanol industry is in urgent need of a new model of the third-party platform.