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Methanol price trends across China on March 9 Author/Source: Business Social Date: 2020-03-09 Clicks: 2 Methanol sales in Inner Mongolia were smooth last week, with most suppliers maintaining their sales operations; however, the sharp drop in international crude oil prices is unfavorable for the trend of bulk chemical products, so prices are expected to remain stable this week. In Hebei, the main selling range for methanol remains stable at 1,850–1,880 yuan per ton in cash terms; market transactions are steady, with local manufacturers adopting a wait-and-see attitude at the start of the week. Negotiations in Henan’s methanol market are on the decline. No offers have been submitted by any companies in Henan at present. Affected by the downward trend in surrounding areas, suppliers have reduced their offers slightly; the price in the Luoyang market is around 1750 yuan per ton in cash terms, with weak transaction volume. The prevailing transaction price in Linfen, Shanxi has dropped by 30–40 yuan per ton, reaching 1690–1720 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 prevailing transaction prices in the Jincheng area have dropped by 40–60 yuan per ton, reaching 1680–1700 yuan per 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 ； Equipment maintenance in the Datong area; no new prices available. At the beginning of the week, the region was mainly in a wait-and-see attitude, with few new deals being closed; close attention is being paid to international developments. In central Shandong, the market price of methanol remains stable at 1,850–2,020 yuan per ton ex-warehouse in cash terms; trading is relatively weak, with most market participants adopting a wait-and-see attitude. The methanol market in the Two Lakes region remains stable and consolidating for now. Hubei-based companies are offering relatively stable prices with slight fluctuations; the reference price at the factory is 1820–1900 yuan per ton in cash terms, and actual transactions remain limited ； The Hunan market is operating at a stable level for now; buyers are adopting a wait-and-see attitude. Negotiations are taking place at around 1,980–2020 yuan per ton in cash terms, and trading activity is low.