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Methanol price trends across China on November 11

2019-11-16View Original

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Methanol price trends across China on November 11 Author/Source: Date: 2019-11-11 Clicks: 151 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 methanol market in Henan region saw only minor adjustments; local companies sold the product at around 2,020 yuan per ton, with slightly higher inventory levels and limited transactions. Some companies focused on fulfilling existing contracts. In the Luoyang area, the selling price was around 1,950–1,970 yuan per ton, with the average transaction price at 1,960 yuan per ton. The overall trading atmosphere was not favorable. Shanxi region: In Linfen, the reference price is around 1,880–1,900 yuan per ton; companies generally sell at these prices ; In Jincheng, some contracts are priced at below 1,900 yuan per ton; keep an eye on any adjustments to new orders by enterprises this week, as some small-scale production facilities in the area plan to start producing products this week ; The retail price in Changzhi is 1,970 yuan, with little inventory pressure ; Datong contract price: 1,960 yuan per ton ; Some enterprises in Lüliang focus on contract execution. Southern Shandong region: Currently, sporadic shipments by some companies 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 panel manufacturers and formaldehyde plants downstream in Linyi. However, due to weather conditions, gas supply restrictions have been reinstated, and the market is expected to perform weakly.

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