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Methanol price trends across China on February 12

2020-02-14View Original

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Methanol price trends across China on February 12 Author/Source: Business Society Date: 2020-02-12 Clicks: 88 The methanol market in Henan continued to decline. Leading companies have lowered their quotes; the ex-factory price is around 1800–1820. Some low-priced goods from Shanxi have entered the market, but many traders have not returned to business, resulting in few actual deals being struck. The methanol market in Shanxi remains weak. The prevailing transaction price in Linfen has dropped to 1,520–1,600 yuan per ton, ex-works in cash ; The offline retail price in the Changzhi area is 1,700 yuan per ton, ex-works in cash ; Prices for Jincheng, Lüliang, and Yuncheng are not available yet ; The prevailing transaction price in Datong is 1,700 yuan per ton, ex-works in cash. Currently, the movement of hazardous materials vehicles in this area remains restricted, and overall market activity is weak due to falling prices in the consumption areas. In the Dongying area of Shandong, prices in the methanol market have generally fallen to around 1,800–1,820 yuan per ton ex-warehouse; transaction activity remains moderate, with most prices staying stable. In southern Shandong, the ex-plant price of methanol dropped by 50 yuan per ton, reaching around 1,900 yuan per ton. There is no available quote for goods delivered in Linyi, nor are there any quotes for goods transported via logistics. Some MTOs mainly handle receiving shipments. The market price of methanol in central Shandong is estimated to remain stable at 1,700–1,780 yuan per ton at the time of delivery. Sales conditions are improving, and there are no significant price drops at present; contracts are being fulfilled as usual. In the methanol market of northern Jiangsu, the ex-plant prices have temporarily stabilized at 2,030 yuan per ton in some cases, while most still have no pricing available. MTO companies mainly handle receiving goods. Negotiations in the methanol market in Anhui are sluggish; the market-guided price ranges from 2,000 to 2,080 yuan per ton, with lower prices in Huaibei and higher prices in Fuyang. Most downstream manufacturers and traders have not resumed operations, resulting in slow trading activity at the plant. The methanol market in the Two Lakes region remains sluggish. Hubei-based companies are offering stable prices, but face difficulties in shipping goods; some of them are operating at reduced capacity. The reference price is 2100–2150 yuan per ton ; Negotiations in the Hunan market have been sluggish; the reference price is around 2,400–2,480 yuan per ton, but no actual deals have been concluded.

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