Methanol price trends across China on October 15

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Methanol price trends across China on October 15 Author/Source: Business Society Date: 2020-10-15 Clicks: 1 The methanol price in the Panjin area remains stable at 1,750 yuan per ton, ex-warehouse; the price in the Shenyang area is also stable at 1,870 yuan per ton, ex-warehouse. Traders are able to sell their goods fairly well, while downstream buyers make purchases according to their needs. The prevailing price of methanol in the Qinghai region remains stable at 1,420 yuan per ton ex-warehouse in cash terms; the trading atmosphere is favorable. Zhonghao’s 600,000-ton-per-year methanol production facility powered by natural gas is expected to reduce its operation capacity to 60% starting on October 20, with full shutdown by the end of the month. The prevailing transaction price in Linfen, Shanxi remains stable at 1,650–1,680 yuan per ton, delivered in cash ； The offline price in the Changzhi area has stabilized at 1,750 yuan per ton, with delivery against cash payment ； The prevailing transaction price in the Jincheng area has stabilized at 1,690–1,700 yuan per ton, ex-warehouse and in cash ； There are no auctions scheduled in the Lüliang area today ； In the Yuncheng area, the price remains stable at 1,800–1,900 yuan per ton, with delivery against cash payment ； The prevailing transaction price in the Datong area is 1,570 yuan per ton, and sales have been halted. The methanol market in Henan is operating in a regulated manner, with negotiations mainly taking place on a small scale. The actual ex-factory price for enterprises in Henan is around 1,780–1,800 yuan per ton, while the quoted price in the Luoyang market is around 1,780 yuan per ton. In the Anhui region, the low-end price of methanol in the market dropped by 10 yuan per ton, to 1860–1870 yuan per ton when delivered on credit. There is demand from end-users with immediate needs, but the market remains cautious. The methanol market in the Two Lakes region saw partial price increases, with transactions mainly involving small orders. Hubei enterprises offer stable prices, with a reference Out of factory price of 1900–1950 yuan per ton ； Quotations for the Hunan market have risen to 2100–2150 yuan per ton. Negotiations in the methanol market in Fujian region are at an impasse; quotes from major storage areas are quite high. The spot price is around 2030–2100 yuan per ton, including taxes, and quotes exist within this range; the price differences are significant, leading many in the market to adopt a wait-and-see attitude.