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Methanol price trends across China on October 16 Author/Source: Date: 2019-10-16 Clicks: 8 The methanol market in Henan remains stable, with weak demand in the market and a cautious attitude among participants. Some enterprises in northern Henan are discussing prices around 2,230–2,250 yuan per ton. It is also understood that the quotes from traders in Luoyang are 2,220–2,230 yuan per ton. The methanol market trend in Shanxi is slightly weak, with the prevailing price ranging from 2,140 to 2,230 yuan per ton. Most enterprises in Jincheng have suspended operations or reduced production; the prevailing price range is 2,150–2,160 yuan per ton ； The mainstream price at the factory in Linfen is between 2,140 and 2,180 yuan per ton, with a focus on lower-end prices ； In the Changzhi area, the retail price is 2,260 yuan per ton, with companies primarily adhering to previous contracts ； The latest auction price in the Lüliang area is 2,140 yuan per ton. The retail price of methanol at enterprises in southern Shandong has dropped to around 2,240–2,250 yuan per ton ； Traders are quoting around 2,240 yuan per ton without invoices, and market activity is weak. In the central and eastern parts of Shandong, the ex-plant price of methanol has dropped by 30 yuan, reaching around 2490–2550 yuan per ton; prior contracts remain the dominant factor ； Traders in nearby areas such as Dongying and Zibo are offering prices of 2,280–2,300 yuan per ton; sales are moderate, and purchases are made according to demand. The methanol market in northern Jiangsu has seen a sharp decline; the price there has dropped by 70–100 yuan, ranging around 2250–2280 yuan per ton. The impact of futures prices is putting downward pressure on the market, with a generally bearish sentiment among market participants. The methanol market in Anhui region is weakening, with futures prices falling; traders hold a bearish attitude, and trading activity in the market is sluggish. The export price for some companies is around 2,250–2,280 yuan per ton. The methanol market in the Two Lakes region remains stable for now; demand from downstream industries is weak, so manufacturers are adopting a wait-and-see approach. In Hubei, the prevailing negotiation price is 2420–2500 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 ； In the Hunan region, some negotiation prices are around 2,550–2,600 yuan per ton; these are mostly quotes from traders in Changsha, with some lower-end prices still available. The spot price of methanol in Fujian remains strong; the negotiated price at the main storage areas in Quangang is around 2,330 yuan per ton, while the spot prices in Xiamen are also around 2,330 yuan per ton. Due to a shortage of local supply, the market stays firm.