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Methanol price trends across China on November 5

2019-11-16View Original

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Methanol price trends across China on November 5 Author/Source: Date: 2019-11-05 Clicks: 236 The methanol market prices in the Northeast region remain stable; currently, the ex-plant prices of some companies are around 2000–2050 yuan per ton; Traders are waiting to see the new prices in the northwest; no quotes available for now. The methanol market in Henan remains weak; local companies are selling at around 2,050 yuan per ton. He Mei plans to carry out maintenance work on Wednesday, while shipments in the Luoyang area are being sold at around 2,000 yuan per ton – the market remains weak. Shanxi region: Currently, the price in Linfen is around 1,900–1,920 yuan per ton. Sales have been poor over the weekend, and it is reported that some production facilities have been shut down temporarily ; In Jincheng, the price of some contracts is around 1,920–1,950 yuan per ton; the pace of shipments is slow, and some small production facilities in the area are gradually releasing products over the weekend ; The retail price in Changzhi is 2,050 yuan, with little inventory pressure ; Some enterprises in Datong and Lüliang mainly focus on contract execution. The Shandong Alliance is offering methanol at 2,200 yuan per ton. The coal-based methanol plant with a capacity of 500,000+250,000 tons per year is currently producing around 1,000 tons per day. Shandong Jinmei Mingshui is selling methanol at 2,240 yuan per ton; its methanol production facility with an annual capacity of 600,000 tons is operating normally. The Shandong Alliance is offering methanol at 2,200 yuan per ton. The coal-based methanol plant with a capacity of 500,000+250,000 tons per year is currently producing around 1,000 tons per day. The methanol market in southern Shandong is weak; currently, some companies are selling the product in small quantities at around 2,060–2,070 yuan per ton, a decrease of 30 yuan per ton ; Traders are quoting 2,050–2,070 yuan per ton for Linyi. Due to weather conditions, plate mills downstream have largely stopped operations, resulting in weak demand on that side. The methanol market in Shaanxi province is performing moderately; the prevailing selling price in this region ranges from 1,900 to 1,960 yuan per ton. Sales are at a moderate level, and new prices in northern Shaanxi are yet to be determined ; In Inner Mongolia, the price is 1,900–1,930 yuan per ton for some products; the new prices for others have not yet been announced.

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