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Methanol price trends across China on December 30

2019-12-30View Original

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Methanol price trends across China on December 30. Author/Source: Business Society. Date: 2019-12-30. Clicks: 5. The methanol market in Henan saw an overall increase in prices. Due to environmental regulations, some methanol manufacturers are restricted in their production capacity, which has led to price increases in the surrounding areas. shipments to East China for arbitrage purposes have increased, and both manufacturers and suppliers have raised their quotes. Manufacturers offer prices of 1900–1920 yuan per ton in cash terms, while prices in the Luoyang market range around 1900–1920 yuan per ton, with transactions typically being on a small-scale basis. Methanol prices in Shanxi region are rising. The prevailing transaction price in Linfen has risen by 30 yuan per ton, reaching 1,790–1,820 yuan per ton ex-works in cash ; The offline price in Changzhi is 1,850 yuan per ton, ex-works in cash ; The price of mainstream products in Jincheng has risen by 40 yuan per ton, reaching 1,800 yuan per ton for cash delivery from the factory ; The auction price in the Lüliang area is 1,840 yuan per ton, ex-plant in cash ; The prevailing transaction price in Yuncheng area is 1,900 yuan per ton, ex-plant in cash ; The prevailing transaction price in Datong is 1,820 yuan per ton, ex-works in cash. Upward driven by futures and a rising consumer market; corporate shipments are satisfactory, with additional attention needed to transportation conditions. The ex-factory price of methanol in southern Shandong has risen by 10 yuan per ton; the prevailing price is around 2,010–2,020 yuan per ton. In Linyi, the price for locally sourced methanol is about 2,020 yuan per ton. There is no supply of methanol delivered via logistics at the moment. Futures prices have risen significantly, and companies have low inventory levels, which keeps their confidence strong. In the Dongying area of Shandong, the negotiated price for methanol is 1,990–2,000 yuan per ton ex-warehouse, while in the Zibo area the negotiated price ranges from 2,000 to 2,020 yuan per ton ex-warehouse. Trading activity is relatively low, and traders are approaching transactions with caution. Negotiations in the methanol market in the Hunan and Hubei regions remain stable for now. There are slight adjustments in the surrounding areas; Hubei-based companies remain stable in their quotes, with prices ranging from 1990 to 2030 yuan per ton ex-works in cash terms, while the actual delivery price is around 1950 to 1970 yuan per ton ex-works in cash terms ; Negotiations in the Hunan market remain stable, with prices around 2100–2130 yuan per ton. There are many buyers on the sidelines, with most transactions being small-scale negotiations. The prevailing selling price among major suppliers in the Fujian region for methanol has risen to 2,200 yuan per ton, with decent transaction volumes.

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