Methanol price trends across China on March 17

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Methanol price trends across China on March 17 Author/Source: Business Society Date: 2020-03-17 Clicks: 2 The prevailing selling price in Linfen, Shanxi dropped by 10–30 yuan per ton, reaching 1530–1560 yuan per ton for cash delivery at the factory； In the Changzhi region, online auctions result in a selling price of 1,570–1,580 yuan per ton, ex-plant and in cash ； The prevailing transaction price in the Jincheng area has stabilized at 1,600 yuan per ton, ex-works in cash ； The bidding price in the Lüliang area has reached 1,530 yuan per ton in cash ； The prevailing transaction price in Yuncheng area is 1,700 yuan per ton, ex-works in cash ； No new prices have been announced in the Datong area. The reference price for methanol in the Anhui region is 1,740–1,750 yuan per ton, ex-plant and on credit; factory inventories are high, downstream demand is weak, and it is the manufacturers who drive sales. Negotiations in the methanol market in the Two Lakes region are declining. Hubei-based companies have lowered their quotes; the reference price is 1800–1900 yuan per ton, while the actual ex-plant price is around 1760–1820 yuan per ton in cash terms. There is limited demand from buyers ； As surrounding markets declined, the negotiation price in the Hunan market dropped to 1,880–1,920 yuan per ton in cash terms, with weak trading activity. In southern Shandong, the transaction price for methanol is around 1,680–1,700 yuan per ton in cash terms. In Linyi, the price for locally sourced methanol is about 1,700 yuan per ton, excluding taxes and fees, while the price for methanol delivered via logistics is 1,640–1,650 yuan per ton. Corporate sentiment remains stable, with downstream purchases made as needed. There is no clear price for methanol in the Dongying area of Shandong at present; the market is likely to fluctuate around 1,650 yuan per ton ex-warehouse in cash terms, with limited trading activity or short sales. The market price of methanol in central Shandong remains stable at 1,780–1,890 yuan per ton ex-warehouse in cash terms; there have been no transactions yet, with most parties waiting to see what happens.