Thread Content
Methanol price trends across China on June 16 Author/Source: Business Society Date: 2020-06-16 Clicks: 94 The methanol market in Henan is showing weak performance. Henan-based companies have not provided any quotes yet; in the Luoyang market, the quoted price is around 1440–1450 yuan per ton in cash terms. Buyers are waiting to see what happens, and deals are only being made for small orders. In central Shandong, the local selling price of methanol remains stable at 1,650–1,660 yuan per ton, paid in cash at delivery; it is mainly supplied to nearby areas, with weak sales volume, and purchases are made according to demand. The negotiated price of methanol in the Dongying area of Shandong remains stable at 1,490–1,500 yuan per ton, ex-warehouse and in cash; the market is expected to stay stable with limited volatility. In southern Shandong, the prevailing price for methanol remains stable at around 1550–1560 yuan per ton in cash terms. In Linyi, the price of locally sourced methanol has dropped by 10 yuan per ton, reaching around 1530–1540 yuan per ton when delivered without invoices; the price for methanol shipped via logistics is approximately 1490–1500 yuan per ton. Mood is poor, and purchases by downstream parties are cautious. The methanol market in Fujian region is declining; in some of the main storage areas, prices have dropped by 10 yuan per ton, with prices ranging around 1460–1470 yuan per ton including taxes at the time of delivery. Buying interest in the market is average, with transaction volumes at a low level.