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Methanol price trends across China on October 25

2019-10-26View Original

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On October 25, methanol price trends across various regions in China. Author/Source: Date: October 25, 2019. Click-through rate: 5. In the Henan region, the methanol market remained stable; downstream buyers made purchases as needed, and overall trading activity was moderate. Some enterprises in northern Henan are negotiating at around 2,030–2,050 yuan per ton. Additionally, quotes from Luoyang traders are around 2,000 yuan per ton. In the Shanxi region, the methanol market remains largely unchanged, with prices hovering around 1,860–1,980 yuan per ton. In Jincheng, most enterprises have halted production or operating at reduced capacity; supply is limited, and companies are primarily fulfilling previously signed contracts ; In Linfen, the prevailing price remains stable at 1,900–1,910 yuan per ton; enterprises are seeing improved sales ; In the Changzhi region, the retail price is 2,000 yuan per ton; manufacturers are fulfilling previously signed auction contracts ; The main contracts executed in the Lüliang region ; In the Datong region, prices this week stand at 1,980 yuan per ton. In southern Shandong, retail prices for enterprises have been raised by 10 yuan, now standing at around 2,030–2,040 yuan per ton ; Traders are quoting prices without invoices at around 2,030 yuan per ton on the whole. Reportedly, operations in the downstream sector have seen some recovery, and market participants remain optimistic. In central and eastern Shandong, the ex-factory price remains stable at around 2,150–2,160 yuan per ton ; Some quotes from surrounding traders in Dongying, Zibo, and other areas range from 2,020 to 2,040 yuan per ton. Market participants are adopting a wait-and-see attitude, and trading activity remains mediocre. In the northern Jiangsu region, the methanol market remained relatively stable. The prevailing ex-works prices there stood at around 2,050–2,060 yuan per ton. A few manufacturers slightly raised their prices, while the market as a whole is currently adopting a wait-and-see attitude. The methanol market in Anhui region remains stable, with decent trading activity. Some manufacturers are shipping at around 2,050–2,100 yuan per ton. The methanol market in the Two Lakes region remains stable. In Hubei Province, the prevailing negotiation range is 2,170–2,200 yuan per ton; this represents the prices offered by major manufacturers at the lower end, while some traders quote higher prices at the upper end ; In the Hunan region, some negotiations are taking place at around 2,280–2,300 yuan per ton; these are mostly quotes provided by traders in Changsha. Some lower-priced offers still remain available. The spot market for methanol in Fujian is performing moderately. In Quangang, negotiations among major distributors are centered around 2,230 yuan per ton; in Xiamen, the quoted spot price ranges from 2,170 to 2,180 yuan per ton. In the coming period, a large number of shipments are expected to arrive.

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