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Methanol price trends across China on October 28 Author/Source: Business Society Date: 2020-10-28 Clicks: 4 The methanol price in the Panjin area remains stable at 1,730–1,750 yuan per ton, ex-warehouse. In the Shenyang area, the price stays steady at 1,850–1,870 yuan per ton, ex-warehouse. Traders are selling at a moderate pace, while downstream buyers make purchases according to their needs. In the Qinghai region, the price of methanol in the main trading markets rose by 50 yuan per ton, reaching 1,530 yuan per ton when delivered in cash; the trading atmosphere was favorable. Zhonghao’s 600,000-ton-per-year methanol production facility powered by natural gas is operating at reduced capacity, with plans to shut it down completely by the end of the month. The prevailing transaction price in Linfen, Shanxi remains stable at 1,650–1,680 yuan per ton, with delivery on cash basis ； The offline price in the Changzhi area is 1,760 yuan per ton, with cash payment upon delivery ； The prevailing transaction price in the Jincheng area has stabilized at 1,700–1,720 yuan per ton, ex-warehouse and in cash ； There are no auctions currently available in the Lüliang area. The methanol market in Henan is showing slight consolidation, with satisfactory negotiation conditions in the market. Henan-based companies offer stable prices; the actual ex-plant price is around 1760–1800 yuan per ton ； As a reference for negotiations in the Luoyang market, the price is 1,780 yuan per ton. The methanol market in the Two Lakes region is operating in a regulated manner, with negotiations mainly focusing on small orders. The quotes from the key enterprises in Hubei remain stable, while those from other enterprises have decreased; the reference price at the factory is 1920–2000 yuan per ton ； The reference price for the Hunan market is 2080–2100 yuan per ton. The methanol market in Fujian remains stable; negotiations in the main storage areas are centered around 2,040–2,060 yuan per ton including taxes for delivery from the warehouses. Trading activity in the market is moderate, with limited deals being made.