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Methanol price trends across China on October 29 Author/Source: Business Society Date: 2020-10-29 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 prevailing transaction price for methanol remains stable at 1,530 yuan per ton, paid in cash upon delivery; the trading atmosphere is 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 operating in an orderly manner, with satisfactory negotiation conditions within the market. The leading enterprises in Henan have not yet provided quotes; the quotes from other enterprises remain stable, with an actual ex-factory price of around 1760–1800 yuan per ton ； As a reference for negotiations in the Luoyang market, the price is 1,780 yuan per ton. In the Anhui region, the price of methanol in the market rose by 5–20 yuan per ton, reaching 1905–1930 yuan per ton for delivery against acceptance; futures prices showed an upward trend, manufacturers tried to maintain high prices, while there was a strong atmosphere of caution among downstream users. The methanol market in the Two Lakes region remains stable for now, with negotiations mainly focused on small orders. Hubei enterprises offer stable prices, with a reference Out of factory price of 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 2,040–2,050 yuan per ton including taxes for delivery from the storage facilities. Trading activity in these areas is moderate, with limited deals being made.