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Methanol price trends across China on September 21

2020-09-23View Original

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Methanol price trends across China on September 21. Author/Source: Business Society. Date: 2020-09-21. Clicks: 24. The methanol price in the Panjin area remains stable at 1,720 yuan per ton, ex-works; in the Shenyang area it stays at 1,850 yuan per ton, ex-works. At the beginning of the week, most parties are adopting a wait-and-see attitude. The methanol market in Qinghai remains stable for now, with no new prices released by the key manufacturers this week. Last week, the prevailing transaction reference price was 1,450 yuan per ton on a ex-works, cash basis; actual prices are negotiable, and the trading atmosphere remains positive. In Linfen, Shanxi, the mainstream transaction price for the lower quality grades has dropped by 10 yuan per ton, reaching 1570–1600 yuan per ton, with delivery on a cash basis ; The offline price in the Changzhi area is 1,680 yuan per ton, with cash payment required for delivery ; The prevailing transaction price in the Jincheng area has stabilized at 1,680 yuan per ton, with cash payment upon delivery ; In the Lüliang area, today’s auction results showed a selling price of 1,530 yuan per ton, with payment in cash and delivery upon completion of the sale ; In the Yuncheng area, the reference mainstream price has stabilized at 1,620–1,650 yuan per ton, with delivery against cash payment ; The prevailing ex-plant price in the Datong area is 1,530 yuan per ton, payable in cash at delivery. At the beginning of the week, companies tended to adopt a wait-and-see approach, focusing on prices in the northwest. The methanol market in Henan operated in a state of consolidation at the start of the week, with buyers adopting a wait-and-see attitude and limited bargaining activity. No offers from companies in Henan at the moment; the market price in Luoyang is around 1750–1780 yuan per ton. In the Anhui region, the prevailing price of methanol decreased by 10 yuan per ton to 1,840–1,850 yuan per ton on a cash-on-delivery basis. Futures prices remained volatile, with a strong sense of caution prevailing in the market; transactions were mainly driven by essential demand. The methanol market in the Two Lakes region remains stable for now, with many buyers adopting a wait-and-see attitude and limited bargaining activity. Hubei enterprises offer stable prices, with a reference Leave factory price of 1900–1930 yuan per ton ; Quotations in the Hunan market range from 2,030 to 2,100 yuan per ton. In the Fujian region, trading activity in the methanol market remains sluggish. In major storage areas, prices for delivery ex-warehouse, including taxes, are hovering around 1,980–1,990 yuan per ton. There are not many inquiries from the market; most people are adopting a cautious attitude.

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