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Methanol price trends across China on April 24

2020-04-24View Original

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Methanol price trends across China on April 24. Author/Source: Business Society. Date: 2020-04-24. Clicks: 8. In Ningxia, the mainstream price of methanol remained stable at 1,280 yuan per ton for cash payment upon delivery; it is mainly supplied to local olefin producers, and the trading atmosphere is favorable. The mainstream price in Xinjiang region remains stable at 950–970 yuan per ton, in cash upon delivery ; The mainstream price outside Xinjiang remains stable at 1,000–1,050 yuan per ton in cash upon delivery; for goods from Xinjiang delivered to Ningxia, the price is around 1,350 yuan per ton including taxes, with a generally modest trading atmosphere. Negotiations in Henan’s methanol market show an upward trend. The leading enterprises in Henan have stopped selling, while other companies have raised their quotes; the actual ex-factory price is around 1480–1530 yuan per ton in cash terms. In the Luoyang market, the quotes have risen to about 1500–1520 yuan per ton in cash terms, with buyers adopting a wait-and-see attitude. There are no new prices for methanol plants in the Qinghai region this week. The methanol production facility powered by natural gas at Zhonghao in Qinghai was commissioned on April 27, while the restart date for the methanol production facility powered by natural gas at GuiLu in Qinghai remains undetermined. The methanol market in northern Jiangsu saw bids rise by 20 yuan per ton, reaching around 1,570 yuan per ton in cash terms; prices were on the rise. Supply in areas such as southern Shandong became tighter, which supported the sentiment of traders. In the Anhui region, the reference prices for methanol in the market have risen by 30 yuan per ton, reaching 1,580–1,600 yuan per ton for delivery on credit; as prices rise, suppliers’ confidence improves. In southern Shandong, the prevailing price for methanol in the market is around 1520–1550 yuan per ton in cash terms; discounts can be negotiated in some cases. In Linyi, the usual price for locally sourced methanol is about 1520–1540 yuan per ton, without invoice included. There are no current offers for methanol delivered via logistics services. Expectations of reduced local supply, coupled with rising market prices, have provided some support to industry sentiment. Negotiations in the methanol market in the Two Lakes region are seeing price increases. Hubei-based enterprises are offering stable prices; the plants of the key companies have already started operation. The quoted prices range from 1,700–1,740 yuan per ton in cash terms, while the actual ex-plant price is around 1,650–1,680 yuan per ton in cash terms ; Negotiations in the Hunan market are on the rise, with prices ranging around 1,750–1,780 yuan per ton; buyers are adopting a wait-and-see attitude.

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