Methanol price trends across China on October 23

Thread Content

Methanol price trends across China on October 23. Author/Source: Date: 2019-10-23. Clicks: 11. The methanol market in Henan region is weakening, with low activity in transactions. Some companies are discussing prices around 2,020–2,100 yuan per ton. It is also known that the quotes from traders in Luoyang are around 2,000 yuan per ton. The methanol market in Shanxi is showing weak trends, with prices generally ranging between 1,920 and 1,980 yuan per ton. Most enterprises in Jincheng have suspended parking services or reduced production, resulting in a limited supply; today, these enterprises are primarily fulfilling existing contracts ； The mainstream price at the factory in Linfen is around 1,920–1,930 yuan per ton, with companies generally selling at similar levels ； The retail price in the Changzhi area is 2,000 yuan per ton; manufacturers are adhering to the auction contract from yesterday ； The starting bid for major enterprises in the Lüliang region today was 1,900 yuan per ton, and the auction ended without a sale ； The price in the Datong area this week is 1,980 yuan per ton. Retail prices for enterprises in southern Shandong are weak, having dropped by 20–30 yuan to around 2,030 yuan per ton ； Traders are quoting around 2,030 yuan per ton without a certificate, with a few offering 2,020 yuan per ton, as I heard. The trading atmosphere is not good. The ex-factory prices in central and eastern Shandong continued to decline, dropping by 50 yuan to around 2,200 yuan per ton ； Some traders in nearby areas such as Dongying and Zibo are quoting prices ranging from 2,030 to 2,040 yuan per ton; traders are adopting a wait-and-see attitude, resulting in a moderate trading atmosphere. The focus of the methanol market in northern Jiangsu continues to shift downward; the price of the local mainstream low-end grades dropped by 20 yuan, to around 2050–2100 yuan per ton. There is limited demand from end-users for restocking, resulting in a subdued market atmosphere. The methanol market in Anhui region is fluctuating weakly, with a mediocre trading atmosphere in the market. The export price for some companies is around 2,100 yuan per ton. The methanol market in the Two Lakes region is stable; in Hubei, the prevailing negotiation price is 2250–2270 yuan per ton, which corresponds to the prices offered by mainstream manufacturers at the lower end, as well as the quotes provided by some traders in that segment ； In the Hunan region, some negotiation prices are around 2,350 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 has shown a slight decline; the price discussed by suppliers in the main storage areas of Quangang is around 2,250 yuan per ton, while the spot prices in Xiamen are 2,230 yuan per ton. Purchases are mainly driven by end-users with immediate demand.