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Methanol price trends across China on March 20

2020-03-21View Original

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Methanol price trends across China on March 20 Author/Source: Business Society Date: 2020-03-20 Clicks: 9 The methanol market prices in the Northeast region remain stable; local manufacturers are selling at 1,800 yuan per ton, with moderate sales volume; Overall production activity downstream in Liaoning is moderate, with purchases driven mainly by essential needs. Currently, traders are offering a price of 1770–1800 yuan per ton for methanol in that region. Hebei region: Currently, the price in Shijiazhuang and Dingzhou areas is around 1,600–1,650 yuan per ton; prices remain stable while transaction volume is limited ; Production of formaldehyde downstream in Wen’an is seeing a continued recovery; currently, traders are cautious when offering quotes for methanol in that area, with limited buying interest and prices around 1,560 yuan per ton. Quotations in the Tangshan area remain stable at 1,600 yuan per ton. Local methanol producers in Henan region have not yet submitted bids; they mainly adhere to existing contracts. Trade prices in places such as Luoyang range around 1,540–1,570 yuan per ton, with transactions being made for smaller quantities. The methanol market in Shanxi region is experiencing a decline; currently, the reference price in Linfen is 1,500–1,510 yuan per ton ; The mainstream price in Jincheng is around 1,460–1,470 yuan per ton ; The retail price in Changzhi is 1,600 yuan per ton, with contracts being the main basis for pricing ; Datong will not make an offer for now ; Yuncheng area: 1,650 yuan/ton in cash at the factory gate ; Lüliang mainly focuses on contract execution, with the price remaining stable at 1,650 yuan per ton. The methanol market in the southwest region remains weak. Some companies in this area are selling at around 1,650–1,720 yuan per ton. Currently, in Chengdu, the reference price for negotiations is around 1,750–1,770 yuan per ton (including taxes), and there is no improvement in demand.

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