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Methanol price trends across China on March 23

2020-03-24View Original

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Methanol price trends across China on March 23 Author/Source: Business Society Date: 2020-03-23 Clicks: 40 Northeast region: Prices remain stable; local manufacturers are selling at 1,800 yuan/ton, with moderate sales volume; Overall production activity downstream in Liaoning is moderate; purchases are driven by essential needs, with caution on the part of buyers at the start of the week, resulting in few offers. 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; there were few offers at the start of the week, with many waiting for bids from upstream suppliers. Quotations in the Tangshan area remain stable at 1,600 yuan per ton. Henan region: Local companies have not made any bids yet; existing contracts are being fulfilled. Trade quotes in places such as Luoyang are around 1,530 yuan per ton. Buyers are cautious, and deals are rare. Shanxi region: Various areas make adjustments based on their own circumstances; currently, Linfen uses a reference price of 1,450–1,480 yuan per ton ; The mainstream price in Jincheng is around 1,500 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: ex-plant price of 1,500 yuan per ton in cash ; The major enterprises in Lüliang will not be auctioned for the time being.

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