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Methanol price trends across China on September 16

2019-09-16View Original

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Methanol price trends across China on September 16 Author/Source: Date: 2019-09-16 Clicks: 5 The methanol market in the Northeast remains stable; the prevailing selling prices for methanol produced from coal and coke oven gas in Qitaihe, Heilongjiang, are around 1800–1850 yuan per ton; The quotes from major traders for goods delivered to Liaoning are around 1,950 yuan per ton. The methanol market in Henan remains stable, with a positive attitude among market participants; some enterprises in northern Henan are discussing prices around 2,030–2,050 yuan per ton. It is also understood that traders in Luoyang are quoting prices around 2,000–2,050 yuan per ton. The ex-factory prices in central and eastern Shandong remain stable at 2,150–2,160 yuan per ton; prices stayed steady in the early trading session ; Traders in surrounding areas such as Dongying and Zibo remain confident, with some offering prices of 2120–2150 yuan per ton. Retail prices for enterprises in southern Shandong have risen to around 2,120 yuan per ton, while strong gains in futures have boosted manufacturers’ confidence ; Traders are quoting around 2,100–2,110 yuan per ton without invoices, with industry participants adopting a wait-and-see attitude. The methanol market in Anhui region is on the rise, driven by a significant increase in futures prices, resulting in a positive trading atmosphere. The main selling price for some companies is around 2,180 yuan per ton on an acceptance basis. The methanol market in the southwest region remains stable; at the beginning of the week, few companies offered quotes, and there was a strong atmosphere of caution among industry participants. The main selling price for some enterprises in Sichuan and Chongqing is around 1,880–1,980 yuan per ton ; Affected by the surrounding market conditions, some traders in Sichuan and Chongqing are discussing prices around 2,030–2,100 yuan per ton. The spot market for methanol in Fujian has seen a significant rise; the bargaining prices at the main storage areas in Quangang are around 2,200 yuan per ton, while the spot prices in Xiamen are also around 2,200 yuan per ton. It is reported that downstream users are reluctant to accept this price level, resulting in modest volume of transactions in the spot market.

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