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Methanol price trends across China on July 31

2020-08-02View Original

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Methanol price trends across China as of July 31. Author/Source: Business Society. Date: 2020-07-31. Clicks: 39. The methanol price in Panjin, Liaoning remains stable at 1,600–1,640 yuan per ton when delivered against cash; in Shenyang, the price stays at 1,700 yuan per ton for cash delivery. Traders are selling at a moderate pace. In Linfen, Shanxi, the prevailing transaction price for high-end products has risen by 10 yuan per ton, reaching 1340–1360 yuan per ton, with delivery on cash basis ; The offline price in the Changzhi area is 1,450 yuan per ton, with cash payment upon delivery ; The prices of mainstream products in the Jincheng area have risen by 20–30 yuan per ton, reaching 1,390 yuan per ton for cash delivery ; There are no auctions available in the Lüliang area for now ; In the Yuncheng area, the reference mainstream price has increased by 20 yuan per ton, reaching 1380–1530 yuan per ton, with delivery on cash basis ; The prevailing transaction price in the Datong area is 1,360 yuan per ton, payable in cash at delivery; sales have been suspended. Affected by the consumption areas, prices have increased, while some companies continue to apply the prices specified in previous contracts. The methanol market in Henan is operating steadily for now, with average negotiation levels. The leading companies have not provided any quotes yet; other companies are offering stable prices, with a reference price of 1450 yuan per ton at the factory ; The reference price for the Luoyang market is 1,450–1,460 yuan per ton in cash. The prevailing reference price for methanol in the Fuyang market of Anhui region is 1,520–1,545 yuan per ton, subject to delivery terms. Port prices remain weak, with a strong attitude of caution in the market; transactions are mainly driven by essential demand. The methanol market in the Two Lakes region is operating steadily, with light trading activity. The quotes from the key enterprises in Hubei remain stable, while those from other enterprises have increased; the actual ex-factory price is around 1550–1570 yuan per ton in cash terms ; The quoted price for the Hunan market is 1,700–1,740 yuan per ton in cash. Negotiations in the methanol market in Fujian region remain stable overall; prices at the main storage areas are steady at around 1620–1650 yuan per ton, including taxes, for delivery from the storage facilities. There was limited in-house inquiry, and sales performance was weak.

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