Summary Post on the Methanol Market Conditions and Prices in January 2017

Methanol prices as of January 3, 2017: http://www.chemcp.com. As of January 3, 2017, according to China Chemical Products Network:
Enterprise/Region Name, Type, Specifications/Content/Price, Remarks:
Daqing Oilfield – Industrial-grade methanol, 99.9%, price: 3000, ready for shipment.
Heilongjiang Zhongmei Longhua – Industrial-grade methanol, 99.9%, quoted price: 3050.
Shandong Lianmeng – Industrial-grade methanol, 99.9%, cash price: 2820.
Shanxi Datuhe Coking – Industrial-grade methanol, 99.9%, quoted price: 2600.
Shanxi Yangmei Fengxi – Industrial-grade methanol, 99.9%, satisfactory delivery conditions.
Shandong Mingshui Dahuahua – Industrial-grade methanol, 99.9%, cash price: 2840.
Hebei Zhengyuan Chemical – Industrial-grade methanol, 99.9%, price based on acceptance terms.
Shandong Binzhou Xintianyang – Methanol, price: -2900.
Hebei Dingzhou Tianlu New Energy – Industrial-grade methanol, 99.9%, quoted price: 2850.
Hebei Tangshan Zhongrun – Industrial-grade methanol, 99.9%, widely accepted in the surrounding area.
Heilongjiang Qitaihe Jiwei – Industrial-grade methanol, 99.9%, quoted price: 2800.
Heilongjiang Yidaxin – Industrial-grade methanol, 99.9%, quoted price: 2600.
Heilongjiang Jianlong Steel – Industrial-grade methanol, 99.9%, price: 2750, ready for shipment.
Heilongjiang Baotailong Coal – Industrial-grade methanol, 99.9%, quoted price: 3100.
Sichuan Dazhou Steel – Industrial-grade methanol, 99.9%, price: 0; stable supply.
Henan Xinlianxin – Industrial-grade methanol, 99.9%, quoted price: 2850.
Shanxi Coking – Industrial-grade methanol, 99.9%, quoted price: 2550.
Shanxi Jiantao Wansinda – Industrial-grade methanol, 99.9%, quoted price: 2650.
Dalian Dahuahua – Methanol, 99.9%, price: 3000, available only for local sales.
Shandong Yankuang Group – Industrial-grade methanol, 99.9%, normal delivery conditions.
Chongqing Wansheng – Methanol, price: -2900; not available for export at present.
Sichuan Chuanwei – Industrial-grade methanol, 99.9%, quoted price: 2950.
Hunan Yihua – Industrial-grade methanol, 99.9%, price: 0; stable supply.
Shandong Linyi Hengchang – Industrial-grade methanol, 99.9%, normal delivery conditions, price: 2920.
Jiangsu Hengsheng – Industrial-grade methanol, 99.9%, quoted price: 2910.
Jiangsu Yizhou Coal Coking – Industrial-grade methanol, 99.9%, quoted price: 2900.
Shandong Tengzhou Shenglong – Industrial-grade methanol, 99.9%, price: 2830, ready for shipment.
Hubei Sanning – Industrial-grade methanol, 99.9%, price: 2900; some products are used internally.
Hebei Tangshan Wanfengxing Chemical – Methanol, price: -2900, available for external sale.
Hebei Shijiazhuang Jinshi – Industrial-grade methanol, 99.9%, quoted price: 2790.
Shanxi Jiantao Lubao – Industrial-grade methanol, 99.9%, quoted price: 2670.
Shandong Xinneng Phoenix – Industrial-grade methanol, 99.9%, stable delivery conditions, price: 2890.
Anhui Linhuan Coking – Industrial-grade methanol, 99.9%, price: 2940, ready for shipment based on acceptance terms

Analysis of methanol price trends on January 3, 2017: http://www.chemcp.com. As of January 3, 2017, according to China Chemical Products Network, the mainstream retail prices for enterprises in southern Shandong are between 2800 and 2830 yuan per ton; traders offering delivery to Linyi without invoices quote around 2810 yuan per ton. The downstream demand in the overall dynamic market is moderate; some olefin plants are shut down, leading to a decrease in demand. However, traders have limited supply, so prices remain on a wait-and-see basis. The mainstream ex-plant prices for enterprises in central and eastern Shandong have dropped by 50 yuan per ton, to around 2,750 yuan per ton; while traders in Zibo, Dongying and surrounding areas generally settle transactions at around 2,780 yuan per ton. The dynamic downstream market relies mainly on on-demand purchases; overall purchasing intent is low. Additionally, local companies are having poor sales performance, which has led to a pessimistic attitude among industry players and a decline in the market. The price of methanol at Taicang port in Jiangsu, subject to negotiation, is 3085–3100 yuan per ton. The mainstream transaction/offer prices in Nantong are around 3,100–3,200 yuan per ton, while in Jiangyin and Changzhou they are around 3,150–3,200 yuan per ton. Some suppliers at Ningbo Port are offering methanol at sporadic prices of 3,240–3,260 yuan per ton; no deals have been reported so far. Dynamic futures prices declined, with ports in East China showing slight drops; in Taicang, there were sporadic transactions in the morning at around 3075–3090 yuan per ton. In the Guangdong ports of South China, the prevailing price for methanol is 2970–2980 yuan per ton. The dynamic methanol market remains stable; there were occasional transactions this morning at around 2960–2980 yuan per ton, with limited trading activity in the market. The main companies in Fujian region quote prices of 3,150–3,250 yuan per ton. The dynamic methanol market remains stable; merchants at Quangang and Xiamen ports occasionally offer prices of 3,100–3,150 yuan per ton, with limited trading activity. The ex-factory price of methanol from the major producers in the southern and southeastern parts of Shanxi Province ranges from 2,500 to 2,600 yuan per ton. The plant in Jincheng is operating stably, with a quoted price of 2,650 yuan per ton. The current spot price for dynamic Linfen shipments is around 2,500–2,560 yuan per ton, while in Changzhi it is around 2,570–2,590 yuan per ton. Market activity has been moderate recently. In the Anhui region, the prevailing price for delivering methanol is around 2,930–2,950 yuan per ton. The overall methanol market remains stable; major manufacturers are operating normally. At present, most producers are adopting a wait-and-see approach, offering few new quotes, and prefer to fulfill existing contracts. In Hubei region, the prevailing negotiation price is 2,850–2,950 yuan per ton; the factory prices come from major manufacturers in the lower-end segment, while those from Wuhan-based traders apply to the higher-end products. In the Hunan region, the prevailing negotiation price is between 2,950 and 2,980 yuan per ton; manufacturers have suspended providing quotes, with most quotes coming from traders in Changsha. There is a strong atmosphere of caution in the market. The methanol market in the dynamic Two Lakes region is largely cautious. The methanol market in Henan region is declining, with local methanol producers selling their product at around 2,700–2,720 yuan per ton. The prevailing quotes from traders in the Luoyang area are around 2,700–2,750 yuan per ton. The methanol market in the southwest region remains stable for now; the main selling price for manufacturers in Sichuan and Chongqing is around 2,800–2,850 yuan per ton, with most manufacturers adhering to their contract terms. In the Sichuan-Chongqing region, major suppliers charge around 2,850–2,880 yuan per ton including taxes for deliveries, and demand from downstream markets is weak. The prevailing selling price for methanol produced from coal and coke oven gas in Heilongjiang is around 2,650–2,700 yuan per ton, with the product mainly sold locally and in Jilin. The ex-plant prices for major enterprises in Guanzhong, Shaanxi are 2,750 yuan per ton in cash, while the prices under acceptance are between 2,750 and 2,800 yuan per ton. The quotes provided by the main traders in Liaoning are around 2,950–3,000 yuan per ton. The dynamic methanol market in the Northeast is operating in a stable and balanced manner. In the Hebei region, prices for shipments by enterprises in Shijiazhuang and its surroundings are around 2,680–2,770 yuan per ton; for trades, the price range is 2,660–2,760 yuan per ton. In the Wen’an area, there are no quotes available and trading activity is scarce. In Tangshan, the prevailing shipment price is approximately 2,850–2,880 yuan per ton. Due to the persistent foggy and rainy weather, some enterprises that had planned to resume operations earlier this month have postponed it to after January 5. Overall, market trading activity remains relatively sluggish. In the northern Jiangsu region, the prevailing ex-factory prices have dropped by 30-50 yuan per ton, now ranging around 2,820-2,860 yuan per ton. Overall, the methanol market is showing a downward trend. Major producers are maintaining stable operations; most of their shipments go to contracted customers. Recently, manufacturers have been experiencing average sales volumes.

Analysis and forecast of domestic methanol price trends on January 3 http://www.chemcp.com January 3, 2017, China Chemical Products Network. Domestically, demand from traditional end-users continues to decline; most purchases are made on a demand-driven basis. Given the currently high market prices, the risks are significant, and a cautious attitude among market participants is likely to persist. In regions such as Hebei and Shandong along the Bohai Sea, prices will fluctuate within narrow ranges during the week. Trading activity in port markets is low, and methanol futures show unstable trends. The attitudes of industry players are volatile, with prices in port markets also fluctuating within narrow ranges. Northwest region: Manufacturer inventories have increased, with limited exports of methanol; most of it is supplied to olefin manufacturers and customers under prior contracts. Due to snowfall and fog, manufacturers are inclined to reduce prices in order to clear their inventories. Bohai Rim region: Corporate inventories are declining, demand from downstream sectors is weak, high prices in the northwest provide support, resulting in limited declines in market prices. Traders are generally pessimistic; transportation is disrupted due to snow and fog, which may lead to increased freight costs. Port area: Supported by purchases for olefin plants and delays in shipping schedules due to weather conditions, prices in the region remain firm despite weak purchasing activity from traditional downstream industries. Forecast: The domestic methanol market is expected to continue its downward trend, while prices in port areas will remain high.

Analysis and forecast of domestic methanol price trends on January 4th: http://www.chemcp.com, January 4, 2017. China Chemical Products Network. The overall atmosphere in the domestic methanol market is weakening; traditional downstream demand continues to decline, trading activity is decreasing, and there is a strong tendency for investors to wait and see. Due to foggy weather, transportation is restricted, resulting in poor sales in the market and a somewhat stagnant trading situation. Futures are falling, trading in the port market has declined, and the trend is weak. Northwest region: Prices offered by local manufacturers have dropped, and inventory levels have increased. The olefin plant in Pucheng is under maintenance, and there are expectations of methanol being exported, which has a certain impact on the market; trading activity in the market is moderate. Bohai Rim region: Traditional downstream demand in this region is generally low. Coupled with the shutdown of the Yangmei and Daze olefin plants, overall demand has decreased. Additionally, poor transportation conditions due to weather conditions have led manufacturers in the northwest to lower their prices, resulting in a drop in prices in this region as well. Port area: Affected by the decline in futures prices, prices in the port area have dropped. Outlook: The domestic methanol market is expected to decline.

Analysis of methanol price trends on January 4, 2017: http://www.chemcp.com. As of January 4, 2017, according to China Chemical Products Network, the mainstream retail prices for enterprises in southern Shandong have dropped by 10 yuan per ton, reaching 2800–2820 yuan per ton. Traders offering delivery to Linyi without invoices quote around 2780 yuan per ton, while prices for locally sourced goods are slightly higher. The dynamic local downstream demand is average; major olefin plants are shut down, manufacturers’ shipments are at normal levels, and trading within the market is also average. In addition, prices have fallen due to lower prices in surrounding areas. The mainstream ex-factory prices for enterprises in central and eastern Shandong range from 2,740 to 2,750 yuan per ton, while the typical transaction prices for traders in Zibo and its surrounding areas are around 2,700 to 2,730 yuan per ton. Due to fog, transportation is currently hindered; there is limited incoming goods from other provinces. Within the region, production at Daze and Yangquan Coal Industry Olefins has decreased due to reduced demand. Downstream manufacturers are making purchases as needed, and overall trading activity in the market remains moderate. The price of methanol at Taicang port in Jiangsu is 3,030–3,070 yuan per ton, subject to negotiation. In Nantong, the prevailing transaction/pricing level is around 3,080–3,100 yuan per ton; in Jiangyin and Changzhou, it ranges from 3,100–3,120 yuan per ton. The quotes from the main suppliers of methanol at Ningbo Port range from 3,130 to 3,150 yuan per ton, with no deals reported so far. Dynamic futures declined, and prices at East China ports also fell. In the morning, sporadic transactions in Taicang took place at around 3,060–3,070 yuan per ton. The prevailing price of methanol at ports in Guangdong, South China, is between 2,950 and 2,970 yuan per ton. The dynamic methanol market is on a downward trend; there were occasional transactions this morning at around 2,940–2,960 yuan per ton, with generally modest market activity. The main companies in Fujian region quote prices of 3,150–3,250 yuan per ton. The dynamic methanol market remains stable; merchants at Quangang and Xiamen ports occasionally offer prices of 3,100–3,150 yuan per ton, with limited trading activity. The ex-plant prices of major methanol producers in the southern and southeastern parts of Shanxi Province range from 2,480 to 2,570 yuan per ton; the plant in Jincheng is operating stably, with quoted prices of 2,650 yuan per ton. The current spot price for shipments from Linfen is around 2,480–2,520 yuan per ton, while in Changzhi it is around 2,570–2,590 yuan per ton. Market activity has been moderate recently. In Hubei region, the prevailing negotiation price is 2,800–2,850 yuan per ton; quotes come from lower-end traders in Wuhan, while those from higher-end manufacturers represent the factory prices. In the Hunan region, the prevailing negotiation price is between 2,900 and 2,950 yuan per ton. Manufacturers have suspended providing quotes; most prices come from traders in Changsha, and these sellers are under considerable pressure to sell their goods. The methanol market in the dynamic Two Lakes region has seen a slight decline. In the Hebei region, the export price for enterprises in Shijiazhuang and its surrounding areas is around 2,660–2,750 yuan per ton, while the price for trade shipments is also in the range of 2,650–2,750 yuan per ton. There are no available quotes for the Wen’an area, and trading activity there is minimal. In Tangshan, the mainstream export price is around 2,750–2,800 yuan per ton. Due to the persistent foggy and rainy weather, some enterprises that had planned to resume operations earlier this month have postponed it to after January 5. Overall, market trading activity remains relatively sluggish. The methanol market in Henan is stable, with local methanol producers selling their product at around 2700–2750 yuan per ton. The prevailing quotes from traders in the Luoyang area are around 2,700–2,750 yuan per ton. The methanol market in the Southwest region remains stable. For producers in Sichuan and Chongqing, the prevailing selling price is around 2,770–2,850 yuan per ton; most manufacturers are primarily fulfilling existing contracts. In the Sichuan-Chongqing region, major suppliers charge around 2,850–2,880 yuan per ton including taxes for deliveries, and demand from downstream markets is weak. The prevailing selling price for methanol produced from coal and coke oven gas in Heilongjiang is around 2,600–2,650 yuan per ton, with the product mainly sold locally and in Jilin. The quotes provided by the main traders in Liaoning are around 2,900–2,950 yuan per ton. The dynamic methanol market in the Northeast is showing a slight decline. The prevailing delivery and acceptance price in Anhui region is around 2,840–2,860 yuan per ton. The dynamic trend in the methanol market is downward; major companies are operating normally, fulfilling their contracts as usual, with moderate levels of shipments. The ex-plant spot prices for enterprises in northern Shaanxi are 2,750–1,780 yuan per ton, while those for the major enterprises in Guanzhong region of Shaanxi are also 2,750–1,780 yuan per ton; the price under acceptance is 2,800 yuan per ton. The mainstream ex-factory price of enterprises in northern Jiangsu is around 2,820–2,860 yuan per ton. The overall methanol market remains stable; the major producing companies are operating steadily, with sales mainly directed at contract clients. At present, manufacturers are able to meet their delivery commitments.

Methanol prices as of January 4, 2017: http://www.chemcp.com. According to China Chemical Products Network, the details are as follows: Hebei Dingzhou Tianlu New Energy – industrial-grade methanol, price: 2850; Hebei Zhengyuan Chemical – industrial-grade methanol, price: 2780 (subject to acceptance terms); Shandong Lianmeng – industrial-grade methanol, price: 2750 (cash payment); Shandong Mingshui Dahuahua – industrial-grade methanol, price: 2780 (cash payment); Shandong Yankuang Group – industrial-grade methanol, price: 2800, normal delivery; Henan Xinlianxin – industrial-grade methanol, price: 2800; Heilongjiang Qitaihe Jiwei – industrial-grade methanol, price: 2800; Shandong Binzhou Xintianyang – methanol, price: 2900; Sichuan Chuanwei – industrial-grade methanol, price: 2950; Heilongjiang Baotailong Coal Methanol – industrial-grade methanol, price: 2800; Heilongjiang Zhongmei Longhua – industrial-grade methanol, price: 3050; Daqing Oilfield – industrial-grade methanol, price: 3000, ready for shipment; Shanxi Yangmei Fengxi – industrial-grade methanol, price: 2850, satisfactory delivery; Shanxi Jiantao Lubao – industrial-grade methanol, price: 2670; Hubei Sanning – industrial-grade methanol, price: 2900, some products used internally; Shandong Tengzhou Shenglong – industrial-grade methanol, price: 2830, ready for shipment; Jiangsu Yizhou Coal Coking – industrial-grade methanol, price: 2900; Jiangsu Hengsheng – industrial-grade methanol, price: 2910; Shandong Linyi Hengchang – industrial-grade methanol, price: 2920, normal delivery; Anhui Haoyuan – industrial-grade methanol, price: 2880, subject to acceptance terms before shipment; Shanxi Jiantao Wansinda – industrial-grade methanol, price: 2650; Heilongjiang Yidaxin – industrial-grade methanol, price: 2600; Sichuan Dazhou Iron and Steel – industrial-grade methanol, price: 0; Shanxi Coking – industrial-grade methanol, price: 2520; Shanxi Datuhe Coking – industrial-grade methanol, price: 2550; Hebei Shijiazhuang Jinshi – industrial-grade methanol, price: 2790; Chongqing Wansheng – methanol, price: 2900, not available for export at present; Dalian Dahuahua – methanol, price: 3000, available only for local sales; Hunan Yihua – industrial-grade methanol, price: 0, stable supply; Shandong Xinneng Phoenix – industrial-grade methanol, price: 2870, stable delivery; Shanxi Jinfeng – industrial-grade methanol, price: 2700, premium quality, subject to acceptance terms before shipment; Henan Hebi Coal and Electricity – industrial-grade methanol, price: 2300

Analysis and forecast of the domestic methanol price trend on January 5: http://www.chemcp.com. January 5, 2017. China Chemical Products Network. Domestically, the overall market sentiment has weakened; demand from traditional downstream industries continues to decline. Market transactions have further decreased. Additionally, foggy weather has restricted transportation, resulting in poor overall sales performance and a somewhat stagnant trading environment. The decline in futures has affected market sentiment among traders, and the port market trend remains weak. Northwest region: Manufacturer inventories have seen a rebound, while shipments by manufacturers have been poor. Additionally, the shutdown of polyolefin plants in Pucheng has led to an increase in methanol exports, and transportation has been hindered due to weather conditions; as a result, market transactions as a whole remain moderate. Bohai Rim region: Sales by local manufacturers are average; demand from traditional end-users is weak. In addition, adverse weather conditions such as fog have disrupted transportation and logistics, resulting in fewer shipments from the northwest. Overall, transaction activity in the market is moderate, and prices have declined. Port area: Shipments have been delayed due to weather conditions, inventory levels at the ports are low, and there is procurement of olefins. However, demand from downstream markets remains weak overall, and as futures prices decline, prices in this region have dropped as well. Outlook: The domestic methanol market is expected to remain on a downward trend.

Analysis of methanol price trends on January 5, 2017: http://www.chemcp.com. As of January 5, 2017, according to China Chemical Products Network, the retail prices for enterprises in southern Shandong have dropped by 20 yuan per ton, reaching 2780–2800 yuan per ton. Traders offering delivery to Linyi without invoices quote prices around 2730 yuan per ton. The impact of low-priced supplies from other regions has led to shutdowns of olefin production facilities at Daze and Yangmei; coupled with limited local downstream demand, market transactions remain modest. The mainstream ex-factory prices for enterprises in central and eastern Shandong have dropped by 10–20 yuan per ton, reaching 2730 yuan per ton; traders in Zibo, Dongying and the surrounding areas generally settle transactions at around 2680–2700 yuan per ton. Due to weather conditions, transportation is hindered; the impact of supplies from outside the province is limited. Downstream manufacturers have reduced production by shutting down some of their facilities and purchase goods only as needed. Enterprise shipments are generally steady. The methanol market in Henan has seen a slight decline, with local methanol producers selling their product at around 2650–2700 yuan per ton. The prevailing quotes from traders in the Luoyang area are around 2,700–2,750 yuan per ton; the market atmosphere for transactions is poor, with most parties adopting a wait-and-see attitude. In Hubei region, the prevailing negotiation price is 2,750–2,810 yuan per ton; the factory prices come from major manufacturers in the lower-end segment, while those from Wuhan-based traders apply to the higher-end products. In the Hunan region, the prevailing negotiation price is between 2,850 and 2,880 yuan per ton. Manufacturers have suspended providing quotes; most quotes come from traders in Changsha, and shipments are generally steady. The methanol market in the dynamic Two Lakes region has seen a slight decline. The price of methanol at Taicang port in Jiangsu, subject to negotiation, is 3,040–3,060 yuan per ton. In Nantong, the prevailing transaction/pricing level is around 3,080–3,100 yuan per ton; in Jiangyin and Changzhou, it ranges from 3,100–3,120 yuan per ton. The quotes from the main suppliers of methanol at Ningbo Port range from 3,130 to 3,150 yuan per ton, with no deals reported so far. Dynamic futures prices are volatile, while ports in East China remain stable; in Taicang, there were occasional transactions this morning at around 3050–3060 yuan per ton. Major enterprises in Fujian are quoting prices of 3,100–3,200 yuan per ton. The methanol market remains largely stable; merchants at Quangang and Xiamen ports are quoting prices of 3,100–3,150 yuan per ton sporadically, with little trading activity. The prevailing price of methanol at ports in Guangdong, South China, is between 2,950 and 2,970 yuan per ton. The methanol market remains stable for now; there were occasional transactions this morning at around 2,940–2,960 yuan per ton, with moderate levels of trading in the market. The ex-plant prices of major methanol producers in the southern and southeastern parts of Shanxi Province range from 2,450 to 2,570 yuan per ton; the plant in Jincheng is operating stably, with quoted prices of 2,650 yuan per ton. The current spot price for shipments from Linfen is around 2,460–2,500 yuan per ton, while in Changzhi it is around 2,570–2,590 yuan per ton. Market activity has been moderate recently. In the Hebei region, the export price for enterprises in Shijiazhuang and its surrounding areas is around 2,660–2,750 yuan per ton, while the price for trade shipments is also 2,650–2,750 yuan per ton. In the Wen’an area, the informal pricing without invoices is 2,600–2,620 yuan per ton, with relatively low trading activity. In Tangshan, the standard export price is around 2,750–2,800 yuan per ton. The dynamic foggy weather persists, and the commencement of operations by some companies that was originally scheduled for the beginning of this month has been postponed to after January 5th–8th; as a result, overall market activity remains low. The prevailing price for shipments in Anhui region is around 2,830–2,850 yuan per ton. The dynamic methanol market is showing a slight decline; major companies are operating normally, adhering to their contracts, with shipments at normal levels. The methanol market in the Southwest region remains stable. Major producers in Sichuan and Chongqing are selling at around 2,750–2,850 yuan per ton, with most manufacturers focusing on fulfilling existing contracts. In the Sichuan-Chongqing region, major suppliers charge around 2,850–2,880 yuan per ton including taxes for deliveries, and demand from downstream markets is weak. In the northern Jiangsu region, ex-factory prices have dropped by 20-30 yuan per ton, now standing at around 2,800-2,830 yuan per ton. The methanol market is showing a downward trend. Major producers are maintaining stable operations; most of their shipments go to contract customers. Recently, manufacturers have seen average levels of sales.

Methanol prices as of January 5, 2017: http://www.chemcp.com. According to China Chemical Products Network, the details are as follows: Shandong Binzhou Xintianyang – methanol at 2,900; Jiangsu Hengsheng – industrial-grade methanol at 2,860; Shaanxi Changqing Energy – industrial-grade methanol priced at 2,480 at the factory; Sichuan Dazhou Iron and Steel – industrial-grade methanol at 2,750; Sichuan Chuanwei – industrial-grade methanol at 2,800; Shaanxi Shenmu Chemical – industrial-grade methanol at 2,500; Shaanxi Shanjiao – industrial-grade methanol at 2,480 (subject to acceptance terms); Shandong Linyi Hengchang – industrial-grade methanol at 2,880, with regular shipments; Shandong Tengzhou Shenglong – industrial-grade methanol at 2,830 at the factory; Heilongjiang Baotailong Coal Methanol – industrial-grade methanol at 2,800; Shandong Yankuang Group – industrial-grade methanol at 2,800, with regular shipments; Heilongjiang Jianlong Iron and Steel – industrial-grade methanol at 2,750 at the factory; Dalian Dahuahua – methanol at 3,000, available only for local sales; Jiangsu Yizhou Coal Coking – industrial-grade methanol at 2,850; Heilongjiang Qitaihe Jiwei – industrial-grade methanol at 2,700; Tangshan Guyu Coal Coking – industrial-grade methanol at 2,750, payable in cash; Shanxi Coking – industrial-grade methanol at 2,520; Shanxi Jiantao Wansinda – industrial-grade methanol at 2,650; Shanxi Jiantao Lubao – industrial-grade methanol at 2,670; Hebei Shijiazhuang Jinshi – industrial-grade methanol at 2,750; Cangzhou China Railway Coking – industrial-grade methanol at 2,880 at the factory; Shandong Xinneng Phoenix – industrial-grade methanol at 2,870, with stable shipments; Shandong Mingshui Dahuahua – industrial-grade methanol at 2,780, payable in cash; Shanxi Datuhe Coking – industrial-grade methanol at 2,520; Shanxi Yangmei Fengxi – industrial-grade methanol at 2,850, with satisfactory shipments; Heilongjiang Zhongmei Longhua – industrial-grade methanol at 3,050; Daqing Oilfield – industrial-grade methanol at 3,000 at the factory; Inner Mongolia Rongxin Chemical – industrial-grade methanol at 2,430; Henan Xinlianxin – industrial-grade methanol at 2,800; Shandong Lianmeng – industrial-grade methanol at 2,750, payable in cash; Hebei Zhengyuan Chemical – industrial-grade methanol at 2,780 (subject to acceptance terms); Hebei Dingzhou Tianlu New Energy – industrial-grade methanol at 2,850; Hubei Sanning – industrial-grade methanol at 2,900, with some products used internally; Anhui Haoyuan – industrial-grade methanol at 2,880, subject to acceptance terms at the factory; Heilongjiang Yidaxin – industrial-grade methanol at 2,600; Chongqing Wansheng – methanol at 2,900, not available for export for now; Hunan Yihua – industrial-grade methanol at 0, with stable supply

Analysis and forecast of the domestic methanol price trend on January 6: http://www.chemcp.com. January 6, 2017. China Chemical Products Network. Domestically, the demand from traditional downstream industries continues to decline, resulting in weak market transactions. Additionally, foggy weather has restricted transportation; consequently, manufacturers are facing increasing pressure to sell their products. As the Spring Festival approaches, many factories are mainly reducing prices to clear their inventories. However, industry players remain pessimistic about future market prospects, and downstream buyers are being rather cautious in their purchases. The decline in futures prices has also affected market sentiment, leading to a generally weak trend in the port market. Northwest Region: Sales volume both within and outside the region remains low; the products are mainly used for olefins production and by contract customers. The olefins plants in Pucheng and Zhongtian Hechuang have either shut down or reduced their operating rates. Methanol is being sold externally. With the Spring Festival holiday approaching, companies are lowering prices to clear their inventories. Bohai Rim region: Downstream plants are shut down, demand is weak, company shipments are average; prices are expected to drop due to lower prices in the northwest. Port area: Shipments to ports are being delayed; port inventories remain low. Traditional downstream demand is weak, futures prices are declining, and falling inland prices are affecting the port market. The market shows a downward trend. Forecast: The domestic methanol market is expected to decline steadily.