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Methanol price trends across China on December 18

2020-12-18View Original

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Methanol price trends across China on December 18 Author/Source: Business Society Date: 2020-12-18 Clicks: 6 The methanol price in the Panjin area remains stable at 2130–2150 yuan per ton, ex-warehouse. In the Shenyang area, the price stays steady at 2180–2200 yuan per ton, ex-warehouse. Traders are selling at a moderate pace, with purchases expected to increase next week due to essential demand. The prevailing transaction price in Linfen, Shanxi remains stable at 2,070–2,080 yuan per ton, delivered in cash ; In the Changzhi area, the offline price has increased by 10 yuan per ton, reaching 2,210 yuan per ton; delivery is available against cash payment ; The price of mainstream products in the Jincheng area has risen by 80 yuan per ton, reaching 2,180 yuan per ton for cash delivery. The methanol market in Henan saw a slight increase, with satisfactory negotiations for actual transactions. The leading enterprises in Henan conducted tender sales, with the final transaction price ranging from 2170 to 2190 yuan per ton. Some companies raised their bid prices, and the actual ex-factory price was around 2230 yuan per ton ; As a reference for negotiations in the Luoyang market, the price is around 2200–2250 yuan per ton. The methanol market in the Two Lakes region is operating in a state of stability, with trading activity at a standstill. Some enterprises in Hubei have raised their prices; the actual ex-factory price is around 2,300–2,400 yuan per ton, while prices discussed in the trading market are approximately 2,380–2,400 yuan per ton ; Quotations for the Hunan market have risen to 2,510–2,570 yuan per ton. The prevailing reference price for methanol in the Anhui region is 2,345–2,400 yuan per ton, with delivery upon acceptance. Futures prices remain strong, and manufacturers have no inventory pressure, which encourages them to maintain high prices. In the Fujian region, the morning quotes for the methanol market showed an increase; the spot price at the main storage areas in Quanzhou was around 2,570 yuan per ton, including taxes. There are no quotes available for the Xiamen area yet. Demand in the market is moderate, resulting in limited transactions.

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