Methanol price trends across China on June 8

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Methanol price trends across China on June 8. Author/Source: Business Society. Date: 2020-06-08. Clicks: 20. The negotiated prices in the methanol market in Dongying, Shandong, remain stable at 1,550–1,560 yuan per ton, ex-works and in cash; transaction volume is moderate, with most parties waiting to see how things develop. In the methanol market in central Shandong, local delivery prices have risen by 20–30 yuan per ton, reaching 1650–1660 yuan per ton in cash upon delivery. Sales activity is moderate, and market participants are currently waiting to see how things develop. The methanol market in northern Jiangsu saw its quotes rise by 30 yuan per ton, reaching around 1,610 yuan per ton in cash terms; prices at major manufacturers have increased, and attention is being paid to actual transaction volumes throughout the day. The methanol market in Fujian remains stable, with prices at major storage areas stabilizing at around 1,500–1,510 yuan per ton including taxes upon delivery. At the beginning of the week, there were few inquiries in the market, and buying interest was average.