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Methanol price trends across China on November 5

2020-11-07View Original

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Methanol price trends across China on November 5. Author/Source: Business Society. Date: 2020-11-05. Clicks: 27. The methanol price in the Panjin area remains stable at 1,780–1,800 yuan per ton, ex-warehouse. In the Shenyang area, the price is stable at 1,900 yuan per ton, ex-warehouse. Traders are selling at a moderate pace. Negotiations in Henan’s methanol market have continued to gain momentum, with strong market activity. Henan-based companies offer stable prices; the actual ex-factory price is around 1790–1800 yuan per ton ; Negotiated prices in the Luoyang market have risen to 1,830–1,850 yuan per ton. Negotiations in the methanol market of the Two Lakes region remain stable, with decent trading activity in the market. Hubei enterprises offer stable prices, with a reference price at 1920–2000 yuan per ton at the factory ; The reference price for the Hunan market is 2,080–2,120 yuan per ton. In the Anhui region, the market price of methanol remains stable at 1,930–1,950 yuan per ton for delivery upon acceptance. Demand from downstream industries is modest, but manufacturing firms do not face significant inventory pressures, so prices remain stable. The methanol market in Fujian remains stable, with prices at the main storage areas staying around 2,005–2,020 yuan per ton including taxes at the time of delivery. There is limited activity in price negotiations within these areas, and sales are not strong.

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