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Methanol price trends across China on March 15

2021-03-16View Original

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Methanol price trends across China on March 15. Author/Source: Business Society. Date: 2021-03-15. Clicks: 32. The low-end price of methanol in the Panjin area remains stable at 2320–2350 yuan per ton ex-factory, while in the Shenyang area the price stays at 2400–2420 yuan per ton ex-factory. There are few transport vehicles available, which increases delivery costs; as a result, downstream users are quite resistant to purchasing methanol at these prices. There are no new prices in the methanol market in Qinghai at present. Due to gas supply restrictions during winter, all the major gas-based methanol production facilities in Qinghai are shut down for maintenance. The 600,000-ton-per-year methanol plant operated by Zhonghao is expected to resume operations in the near future. In the Linfen area of Shanxi Province, the mainstream transaction prices for high-end products have dropped by 40–60 yuan per ton, reaching 2000–2030 yuan per ton, with payment made via bank transfer from the factory ; The offline price in the Changzhi area has stabilized at 2,230 yuan per ton, with payment made via bank transfer from the factory ; The prevailing transaction price in the Jincheng area remains stable at 2,130 yuan per ton, payable upon factory delivery. The methanol market in Henan saw a slight decline, with many buyers adopting a wait-and-see attitude. A small number of bids were successful for the main enterprises in Henan, at 2210 yuan per ton as the payment amount at the factory; other enterprises have not submitted any bids yet ; Affected by the decline in futures prices and lower quotes from surrounding areas, the Luoyang market offers prices in the range of 2120–2180 yuan per ton ex-warehouse in cash terms; trading activity is weak. The methanol market in the Two Lakes region remained stable with limited fluctuations, as buyers adopted a wait-and-see attitude. Some enterprises in Hubei have lowered their quotes; the reference price at the factory is 2450–2460 yuan per ton, with payment made by bank transfer upon delivery, and shipments are carried out in accordance with existing contracts ; Quotations for the Hunan market range from 2,600 to 2,620 yuan per ton, ex-works and in cash; trading is sluggish. The methanol market in Fujian remains stable; the prevailing prices at warehouses in Quangang area are 2530–2540 yuan per ton including taxes, while the prices in Xiamen area are 2570–2580 yuan per ton including taxes ; Futures prices tumbled during trading, with a cautious attitude prevailing in the market and sluggish trading volume.

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