Methanol price trends across China on September 17

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Methanol price trends across China on September 17 Author/Source: Date: 2019-09-17 Clicks: 28 The methanol market in Shanxi region has seen a significant rise, with prices ranging from 1,950 to 2,070 yuan per ton. In Jincheng, the mainstream price ranges from 1,960 to 2,000 yuan per ton; prices for larger orders are slightly lower, and local companies are able to sell their products smoothly ； In Linfen, prices rose by 80-100 yuan to 1980-1990 yuan per ton, with steady sales by enterprises ； The price in Yuncheng has risen by 90 yuan, reaching around 1,990 yuan per ton ； The auction price in the Changzhi area is 2,060–2,070 yuan per ton ； The latest auction price for Lüliang was 2,010–2,020 yuan per ton. In southern Shandong, the retail price of these products has increased by 20–30 yuan, reaching around 2140–2150 yuan per ton; industry players are optimistic and bullish amid this trend ； Traders are quoting around 2,140–2,150 yuan per ton without invoices, and the demand from downstream buyers is fairly good. In the central and eastern parts of Shandong, the ex-factory prices have generally increased by 50 yuan, reaching 2200–2210 yuan per ton; manufacturers are in an optimistic mood ； Traders in nearby areas such as Dongying and Zibo remain confident; some are offering prices of 2200–2250 yuan per ton, waiting to see the developments in the afternoon’s bidding process. The methanol market in northern Jiangsu continues to show an upward trend; the local price has risen by 10–30 yuan, reaching around 2160–2200 yuan per ton. The rise in futures prices, along with market conditions in neighboring areas, has helped keep local manufacturers confident. The methanol market in the southwest region is on the rise, with a positive trading atmosphere in the market. The main selling price for some enterprises in Sichuan and Chongqing is around 1,880–2,080 yuan per ton ； Affected by the surrounding market conditions, some traders in Sichuan and Chongqing are negotiating prices around 2180-2200 yuan per ton. The methanol market in the Two Lakes region is experiencing fluctuations; in Hubei, the prevailing negotiation price is 2130–2200 yuan per ton, which corresponds to the prices offered by mainstream manufacturers at the lower end of the market, while some traders propose higher prices ； Some negotiations in the Hunan region are around 2,250–2,300 yuan per ton, with most quotes coming from traders in Changsha. 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 mainstream selling price for some companies is around 2,230–2,250 yuan per ton on an acceptance basis. The spot market for methanol in Fujian continues to show an upward trend. The negotiation prices in the main storage areas of Quangang are around 2,230 yuan per ton, while the spot prices in Xiamen are around 2,250 yuan per ton. The willingness of downstream buyers to purchase remains moderate.