Thread Content
Methanol price trends across China on October 21 Author/Source: Date: 2019-10-21 Clicks: 32 The methanol market in Henan is weakening, with weak demand from downstream sectors and a pessimistic attitude among industry players. Some enterprises in northern Henan are discussing prices around 2,150–2,200 yuan per ton. It is also known that the quotes from traders in Luoyang are around 2,120 yuan per ton. The methanol market in Shanxi region is declining, with mainstream low-end prices falling by 80 yuan to 2,000–2,230 yuan per ton. Most enterprises in Jincheng have suspended parking operations or reduced production, resulting in a limited supply; the output price of local key enterprises is around 2,020 yuan per ton ； The mainstream price at Linfen’s factories has dropped by 10 yuan, to 2040–2060 yuan per ton ； The retail price in the Changzhi region remains stable at 2,260 yuan per ton; keep an eye on tomorrow’s latest auction results ； The latest auction prices in the Lüliang area range from 2,000 to 2,020 yuan per ton ； Datong will soon release the latest prices. The retail price level for enterprises in southern Shandong has declined; it has dropped to around 2,060–2,070 yuan per ton since the weekend ； Traders are quoting around 2,050–2,060 yuan per ton without invoices; industry sentiment is poor, and the trading atmosphere is average. The ex-factory price in central and eastern Shandong has declined, dropping to around 2,300 yuan per ton since the weekend ； Some traders in nearby areas such as Dongying and Zibo are quoting prices of 2180–2200 yuan per ton; most in the industry are adopting a cautious attitude and there is little enthusiasm for making purchases. The methanol market in northern Jiangsu has seen a sharp decline; the local price dropped to around 2,080–2,100 yuan per ton. Affected by the sluggish situation at ports, local manufacturers reduced prices significantly, and there was little demand in the market. In the Anhui region, the methanol market is characterized by a wait-and-see attitude; there were few offers on the market at the start of the week. Trends in neighboring markets were downward, trading activity in this area was moderate, and traders held a cautious stance. The methanol market in the Two Lakes region is showing weak fluctuations; at the start of the week, there was a tendency to wait and see, with traders being cautious. In Hubei, the prevailing negotiation price is 2250–2270 yuan per ton, and these are mostly quotes from traders; manufacturers have not yet announced any new prices ； In the Hunan region, some negotiation prices are around 2,400 yuan per ton; these are mostly quotes from traders in Changsha, and some lower-end prices are still available. The spot market for methanol in Fujian is showing little change; the negotiation prices in the main storage areas of Quangang are around 2,260 yuan per ton, while the spot prices in Xiamen are at 2,270 yuan per ton. Limited local supply helps to keep prices relatively strong.