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Methanol price trends across China on November 3

2020-11-04View Original

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Methanol price trends across China on November 3 / Author/Source: Business Society / Date: 2020-11-03 / Clicks: 9. Methanol prices in the Panjin area have risen by 50 yuan per ton, reaching 1,780–1,800 yuan per ton when delivered against cash. In the Shenyang area, methanol prices have increased by 30–50 yuan per ton, reaching 1,900 yuan per ton for cash delivery. These price increases are driven by rises in prices in regions such as Inner Mongolia and other areas in the northwest. Traders are selling at a moderate pace, as downstream consumers have limited capacity to purchase more. The market price of methanol in Qinghai region is currently unavailable. Due to gas supply restrictions during winter, all the major gas-based production facilities in this region are shut down for maintenance, with production expected to resume in March 2021. The prevailing transaction price in Linfen, Shanxi has risen by 60 yuan per ton, reaching 1,710–1,750 yuan per ton for cash delivery ; The online price in the Changzhi area is 1,750–1,780 yuan per ton, with delivery against cash payment ; The prevailing transaction price in the Jincheng area has stabilized at 1,700 yuan per ton, with cash payment upon delivery ; In the Lüliang area, the auction price ranges from 1,720 to 1,730 yuan per ton, with delivery against cash payment. In the Anhui region, the price of methanol in the market rose by 40 yuan per ton, reaching 1920–1940 yuan per ton for delivery against acceptance. Rising futures prices boosted market sentiment, and manufacturers offered firm pricing. The methanol market in Henan is seeing price increases, with robust trading activity. The leading enterprises in Henan have not yet provided quotes; other companies’ offers remain stable, with the actual ex-factory price ranging at 1780–1800 yuan per ton ; Negotiated prices in the Luoyang market have risen to 1,800 yuan per ton. The methanol market in the Two Lakes region is operating in a stable manner; influenced by rising prices in surrounding areas, the trading atmosphere in this region has improved. 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. In the Fujian region, negotiations in the methanol market saw a slight increase; prices at major storage areas rose by 10 yuan per ton, resulting in prices around 2040–2050 yuan per ton including taxes. Trading activity in the market was moderate at the beginning of the week, with limited deals being made.

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