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Methanol price trends across China on March 19

2020-03-21View Original

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On March 19, methanol price trends across various regions in China. Author/Source: Business Society. Date: March 19, 2020. Page views: 89. Negotiations regarding methanol prices in Henan Province have declined. International crude oil prices have plummeted, and the futures market has hit its lower limit. Major enterprises in Henan have not yet quoted prices; sellers have lowered their offers. In the Luoyang market, quotes stand at around 1,580 yuan per ton on a cash basis. Most buyers are adopting a wait-and-see attitude, resulting in sparse negotiations. The prevailing transaction price in Linfen, Shanxi, has dropped by 10 yuan per ton, to 1,530–1,540 yuan per ton ex-works in cash ; The offline price in the Changzhi area is 1,600 yuan per ton, ex-works in cash ; In the Jincheng region, the prevailing transaction price has dropped by 40-50 yuan per ton to 1,520-1,530 yuan per ton on a spot cash ex-works basis ; In the Lüliang region, contracts executed in the early stages predominate ; The prevailing transaction price in Yuncheng area is 1,650 yuan per ton, ex-works in cash ; No new prices have been released for the Datong region. Corporate shipments are average; close attention is being paid to the acquisition of new orders. In the Dongying area of Shandong, the negotiated price for methanol in the market is roughly 1,600–1,620 yuan per ton, ex-warehouse and in cash; sales are sluggish and market sentiment remains stagnant. In central Shandong, the methanol market price dropped by 30 yuan per ton to 1,650–1,890 yuan per ton on a EXW basis with cash payment. Trading activity was moderate, with most players adopting a wait-and-see attitude. Quotations in the methanol market in northern Jiangsu have dropped by 50 yuan per ton, to around 1,670 yuan per ton in cash terms; some quotes are slightly higher. With the sharp drop in crude oil prices, companies lack the confidence to hold their prices. In the Anhui region, the reference quote for methanol is 1,700–1,720 yuan per ton, on a cash-within-30-days basis ex-works. Amid a sharp drop in crude oil prices, market sentiment remains weak, with market participants primarily adopting a wait-and-see attitude. Negotiations in the methanol market in the Two Lakes region are sluggish. Offers from Hubei-based producers remain relatively stable; the actual ex-works reference price is $1,760–$1,800 per ton on a spot basis. Today, buying interest was sluggish ; Negotiations in the Hunan market are slow; a reference price of 1,800–1,840 yuan per ton in cash is applicable. Negotiations in the methanol market in Fujian are sluggish; the main futures contracts hit their daily price limit downward, and there are no clear asking or bidding prices in the market at present.

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