Methanol price trends across China on May 13

Thread Content

Methanol price trends across China on May 13. Author/Source: Business Society. Date: 2020-05-13. Clicks: 43. The methanol market in Henan is operating at a steady pace with low trading activity. Henan-based enterprises currently face no inventory pressure; their quotes remain stable, with the actual ex-factory price ranging at around 1550–1580 yuan per ton in cash terms ； Prices in the surrounding areas are declining; the market price in Luoyang is around 1,540–1,550 yuan per ton in cash terms, with little activity in actual transactions. Quotations in the methanol market of northern Jiangsu have dropped by 20–40 yuan per ton, reaching around 1680–1700 yuan per ton in cash terms; negotiations are possible in some cases. Futures prices are declining as well, with no significant demand support, and companies are generally cautious. The methanol market in Fujian remains stagnant; in some of the main storage areas, negotiations have led to prices dropping by 10 yuan per ton, with prices ranging around 1580–1600 yuan per ton including taxes. Interest from buyers in the market is moderate, and transactions remain relatively stagnant.