Methanol price trends across China on March 5

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Methanol price trends across China on March 5. Author/Source: Business Society. Date: 2020-03-05. Clicks: 164. The methanol market in Henan saw slight adjustments. There are no quotes from any companies in Henan at the moment; those who have stock have adjusted their prices. In the Luoyang market, the price is around 1810 yuan per ton in cash terms. There is little demand from buyers, resulting in few actual transactions. The prevailing transaction price in Linfen, Shanxi remains stable at 1,720–1,730 yuan per ton, ex-works in cash ； The offline price in the Changzhi area has stabilized at 1,780 yuan per ton, ex-works in cash ； The price of mainstream products in Jincheng area has risen by 20 yuan/ton, reaching 1,720 yuan/ton ex-works in cash ； The previous contract price is applied in the Lüliang area ； The prevailing transaction price in Yuncheng area has stabilized at 1,850 yuan per ton, ex-works in cash ； The prevailing transaction price in Datong has stabilized at 1,720 yuan per ton ex-works in cash; sales are suspended. Companies mainly focus on fulfilling existing contracts from the earlier period, and pay close attention to new orders placed during the day. In the Dongying area of Shandong, negotiation prices for methanol have weakened to 1,860–1,870 yuan per ton, ex-warehouse and in cash; sales are moderate, with most parties adopting a wait-and-see attitude. In southern Shandong, the market prices for methanol remain stable at around 1930–1950 yuan per ton in cash terms. In Linyi, the prices for locally produced methanol are around 1900–1930 yuan per ton, while those for methanol delivered via logistics are around 1830 yuan per ton. Most downstream purchases are made on demand, and companies remain relatively calm for now. The reference quotes for the methanol market in Anhui region remain stable at 1,940–1,950 yuan per ton ex-plant on credit; orders are mainly driven by local demand, resulting in limited transactions. The methanol market in the Two Lakes region is moving in a narrow range with little change. Hubei-based companies remain steady in their quotes; the reference price at the factory is 1,820–1,900 yuan per ton in cash terms, with limited actual transactions taking place ； The Hunan market saw a slight adjustment; negotiation prices range from 1,980 to 2,020 yuan per ton in cash terms, with low trading activity. The bidding price for methanol in northern Jiangsu remains stable at 1,970–2,000 yuan per ton in cash terms. At present, most companies rely on long-term contracts or internal supply from their groups, and their attitudes remain steady. The methanol market in Fujian region is declining; in Quangang, some transactions are seeing prices drop by 10–30 yuan per ton, to 2050–2070 yuan per ton including taxes, with weak trading activity ； No discussions with suppliers in the Xiamen area have been heard of.