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Methanol price trends across China on November 7

2019-11-16View Original

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Methanol price trends across China on November 7 Author/Source: Date: 2019-11-07 Clicks: 260 The methanol market in the Northeast region remains stable, with some manufacturers selling their product at around 2000–2050 yuan per ton; Traders are quoting 2,120–2,140 yuan/ton for goods from Liaoning and Inner Mongolia in that area, with moderate shipment volumes. The negotiation atmosphere in the methanol market in Henan is moderate, with slight declines in some areas. Local companies are selling at prices ranging from 2020 to 2050 yuan per ton; some companies have not yet set new prices and are sticking to the terms of existing contracts. In the Luoyang area, prices have dropped by 20 yuan per ton, to around 1980 yuan per ton. Shanxi region: In Linfen, the reference price is around 1,940 yuan per ton; companies are able to sell their products fairly well ; In Jincheng, some contracts are around 1,920 yuan per ton ; The retail price in Changzhi is 1,970 yuan, with little inventory pressure ; Datong contract price: 1,950 yuan per ton ; Some enterprises in Lüliang focus on contract execution. Lunan region: Currently, sporadic shipments by some enterprises have risen to around 2,080–2,090 yuan per ton ; Traders have raised their quotes to 2,070–2,080 yuan per ton for the plate mills and formaldehyde plants downstream in Linyi. However, due to weather conditions, gas supply restrictions have been imposed again, and the market is expected to perform weakly. The methanol market in Shaanxi province is performing moderately; the prevailing selling price in this region ranges between 1,900 and 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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