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Methanol price trends across China on October 28

2019-10-29View Original

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Methanol price trends across China on October 28. Author/Source: Date: 2019-10-28. Clicks: 7. The methanol market in Henan remains stable; downstream buyers order goods as needed, with a cautious attitude prevailing in the market. Some enterprises in northern Henan are negotiating at around 2,020–2,030 yuan per ton. Additionally, quotes from traders in Luoyang are around 1,980–2,000 yuan per ton. The methanol market in Shanxi region is slightly higher, with the mainstream price ranging at 1,860–1,980 yuan per ton. Jincheng’s parking services have not yet resumed, and major operators have not announced any new prices ; The mainstream price in Linfen is between 1,900 and 1,950 yuan per ton; there are few products at lower prices, with the market dominated by mid-to-high end products ; In the Changzhi region, the retail price is 2,000 yuan per ton; we’re awaiting the results of tomorrow’s auction ; No new prices are available for Lvliang and Datong for the time being; last week’s contracts remain in effect. Retail prices in southern Shandong have risen by 40 yuan to around 2,070–2,080 yuan per ton; unexpected shutdowns of some production units have reduced supply, supporting positive attitudes among industry players ; Traders are quoting prices without invoices at around 2,070 yuan per ton on a mainstream basis; some higher prices have also been reported. Trading activity remains steady. The ex-factory price in central and eastern Shandong has increased by 20–30 yuan, reaching around 2170–2180 yuan per ton ; Some traders in nearby areas such as Dongying and Zibo have heard of a price of 2,100 yuan per ton, with the industry generally adopting a cautious attitude. The methanol market in northern Jiangsu is on the rise, with local mainstream ex-plant prices increasing by 50-60 yuan to around 2100-2120 yuan per ton. The methanol market in Anhui region is stable, with a cautious attitude prevailing at the start of the week. Some companies are shipping at around 2,030–2,100 yuan per ton. The methanol market in the Two Lakes region remained stable. At the beginning of the week, market participants adopted a wait-and-see attitude. In Hubei Province, the prevailing negotiation range was 2,120–2,200 yuan per ton; this figure represents the prices quoted by major manufacturers at the lower end, while some traders offered higher prices at the upper end ; In the Hunan region, some negotiations are taking place at around 2,250–2,300 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 spot traders are centered around 2,230 yuan per ton; in Xiamen, the spot quotes range 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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