Methanol price trends across China on August 13

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Methanol price trends across China on August 13 Author/Source: Date: 2019-08-13 Clicks: 32 The methanol market in Hebei region continued to rise, with major manufacturers in Shijiazhuang and its surrounding areas raising prices by 50–70 yuan, resulting in prices of 2050–2100 yuan per ton. The market focus was on higher-end products, and trading activity was favorable； The reference price in the Tangshan area has risen by 50 yuan to 2,030 yuan per ton. The methanol market in Henan is on the rise, with a positive attitude among market participants; leading companies are negotiating prices around 2,050 yuan per ton. Additionally, Luoyang traders are quoting at around 2,050 yuan per ton. In the Shanxi region, the methanol market continued its upward trend, with prices mainly ranging from 1,850 to 2,000 yuan per ton. The mainstream price in Jincheng remains stable at 2,000 yuan per ton; transactions are generally made at this price level ； Linfen has risen to 1,920–1,940 yuan per ton ； The auction prices in the Changzhi area this week range from 1,960 to 1,990 yuan per ton ； The latest auction price for Lüliang is 1,910 yuan per ton, with some of the earlier contracts still in effect ； The main units at Datong remain shut down, and no quotes are being provided. In the southern Shandong region, namely the southern part of the Lunan area, the retail price for methanol has generally increased by 30 yuan, now standing at around 2,160 yuan per ton. Overall, the supply remains relatively tight ； Traders in the Linyi area are quoting around 2,150 yuan per ton for goods without invoices, as demand from downstream markets is weak. The methanol market in the Hubei and Hunan regions is operating at a stable level; in Hubei, the prevailing negotiation price is 2180–2300 yuan per ton, which corresponds to the prices offered by mainstream manufacturers for lower-quality products, while some traders offer higher prices for higher-quality products ； In the Hunan region, some negotiation prices are around 2,300–2,400 yuan per ton, with most of these quotes coming from traders in Changsha. The methanol market in Anhui region is on the rise; market activity is decent, with some companies selling their product at around 2200 yuan per ton on an acceptance basis.