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Methanol price trends across China on July 2

2020-07-03View Original

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Methanol price trends across China on July 2 / Author/Source: Business Society / Date: 2020-07-02 / Clicks: 8. The methanol market in Fujian remains stable, with some transactions in major storage areas settling at around 1,530–1,540 yuan per ton including taxes. Market buying interest is limited, and transactions remain stagnant. The price of methanol in the Panjin area remains stable at 1,590 yuan per ton, ex-works. In the Shenyang area, the price of methanol is stable at 1,680–1,700 yuan per ton, also ex-works. For now, most people are choosing to wait and observe the market situation. The prevailing transaction price in Linfen, Shanxi remains stable at 1,380–1,410 yuan per ton, with cash payment upon delivery ; The offline price in the Changzhi area is 1,450 yuan per ton, with cash payment upon delivery ; The prevailing transaction price in the Jincheng area has stabilized at 1,400 yuan per ton, with delivery against cash payment ; There are no auctions available in the Lüliang area for now ; In the Yuncheng area, the reference mainstream price has increased by 10 yuan per ton, reaching 1420–1460 yuan per ton, with delivery against cash payment ; The prevailing transaction price in the Datong area is 1,440 yuan per ton, with cash payment and delivery upon shipment. At present, companies are making normal shipments, with some focusing on the execution of additional contracts; the supply mainly flows to Shandong and the two river regions. In the Dongying area of Shandong, the transaction price of methanol remains roughly stable at 1,500–1,520 yuan per ton, ex-warehouse and in cash; the price trend is slightly upward, yet trading volume is limited. In central Shandong, the local delivery price for methanol remains stable at 1,650–1,660 yuan per ton in cash upon delivery, while the price for goods delivered from outside this area stays roughly at 1,510–1,530 yuan per ton in cash upon delivery. Most are on the wait-and-see approach, pushing up the average transaction price.

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