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Methanol price trends across China on September 23

2019-09-24View Original

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Methanol price trends across China on September 23 Author/Source: Date: 2019-09-23 Clicks: 33 Methanol prices in Hebei remain strong, with manufacturers in Shijiazhuang and its surrounding areas selling at 2200–2250 yuan per ton. At the beginning of the week, the market was cautious, but local key manufacturers reduced production, and there is still a tendency for further price increases on the part of these factories; The reference price in the Tangshan area remains stable at 2,150 yuan per ton. The methanol market in the Two Lakes region is seeing slight fluctuations; in Hubei, the prevailing negotiation price is 2120–2200 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. In the Anhui region, the methanol market is characterized by a wait-and-see attitude; there were few offers on the market at the beginning of the week. Driven by the upward trend in futures prices, the sentiment among traders in this area remains fairly positive. The methanol market in Henan region is experiencing fluctuations and declines; trading activity is moderate, with some companies negotiating prices around 2050–2100 yuan per ton. It is also understood that traders in Luoyang are quoting prices around 2,060–2,080 yuan per ton. The methanol market in Shanxi region has seen a slight decline locally, with the prevailing price ranging from 1,930 to 1,980 yuan per ton. The price of Jincheng’s mainstream product has dropped by 20-30 yuan, to 1950-1960 yuan per ton; sales are average ; The mainstream price in Linfen remains stable at 1,930–1,950 yuan per ton ; The mainstream price in Yuncheng remains around 1,950 yuan per ton ; Enterprises in the Changzhi and Lüliang regions mainly execute prior contracts ; The main units at Datong are still shut down. In southern Shandong, the retail prices for these products have increased by 30 yuan, reaching around 2120–2150 yuan per ton. Manufacturers are seeing decent sales volumes, and the loading time for some shipments has increased significantly ; Traders are quoting around 2,150–2,160 yuan per ton without invoices, with suppliers maintaining a firm attitude. In central and eastern Shandong, the ex-factory price has increased by 30 yuan to 2300–2310 yuan per ton, with suppliers adjusting their attitudes accordingly ; Traders in nearby areas such as Dongying and Zibo are in a fairly positive mood; some are offering prices of 2220–2230 yuan per ton, awaiting the guidance prices from the northwest region this afternoon.

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