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Methanol price trends across China on August 24

2020-08-25View Original

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Methanol price trends across China on August 24. Author/Source: Business Society. Date: 2020-08-24. Clicks: 49. The methanol price in Panjin, Liaoning remains stable at 1,600–1,650 yuan per ton when delivered against cash; in Shenyang, the price stays at 1,680 yuan per ton for cash delivery. At the beginning of the week, most parties adopted a wait-and-see attitude. The prevailing transaction price in Linfen, Shanxi remains stable at 1,390–1,400 yuan per ton, delivered in cash ; The offline price in the Changzhi area is 1,450 yuan per ton, with cash payment at delivery ; The prevailing transaction price in the Jincheng area has stabilized at 1,390 yuan per ton, with cash payment upon delivery ; There are no auctions available in the Lüliang area for now ; In the Yuncheng area, the reference mainstream price remains stable at 1,430–1,530 yuan per ton, with delivery against cash payment ; The prevailing transaction price in the Datong area is 1,360 yuan per ton, with cash payment and delivery upon shipment. At the beginning of the week, companies tend to wait and see, focusing mainly on fulfilling orders from the weekend. The methanol market in Qinghai remains stable for now, with the leading manufacturers not yet announcing new prices for this week. Last week, the mainstream transaction price was around 1,160–1,250 yuan per ton for cash settlement at delivery; higher prices could be negotiated in practice, and transaction volume was good. The methanol market in Henan remains stable for now, with many buyers adopting a wait-and-see attitude. The leading enterprises in Henan have not yet provided quotes; the quotes from other enterprises remain stable, with a reference price at 1430–1480 yuan per ton at the factory ; The reference price for the Luoyang market is 1,460 yuan per ton in cash. The methanol market in the Two Lakes region remains stable for now, with buyers adopting a wait-and-see attitude. Hubei enterprises offer stable prices; the ex-factory reference price is 1,600–1,640 yuan per ton in cash ; For negotiations in the Hunan market, a reference price is 1,760–1,800 yuan per ton in cash. Negotiations in the methanol market in Fujian remain stable, with prices at major storage areas staying around 1700–1720 yuan per ton, including taxes, at the time of delivery. The atmosphere for spot negotiations was average, with limited deals concluded.

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