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Methanol price trends across China on March 19

2021-03-19View Original

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Methanol price trends across China on March 19. Author/Source: Business Society. Date: 2021-03-19. Clicks: 6. The methanol price in the Panjin area remained stable at 2,180 yuan per ton ex-factory, while in the Shenyang area it stayed at 2,380 yuan per ton ex-factory. Traders are selling at a moderate pace, with downstream buyers purchasing as needed. The prevailing transaction price in Linfen, Shanxi region, has stabilized at 1,950–1960 yuan per ton, with payment made upon delivery at the factory ; The offline price in the Changzhi area has stabilized at 2,100 yuan per ton, with payment made via bank transfer from the factory ; The prevailing transaction price in the Jincheng area has dropped by 50 yuan per ton, reaching 2,050 yuan per ton for cash payment at the factory. The mainstream reference price for methanol in the Anhui region has dropped by 10–30 yuan per ton, to 2270–2300 yuan per ton at the factory gate, inclusive of acceptance fees. Market sentiment is poor, and there is little enthusiasm for taking orders. Quotations in Henan’s methanol market have declined, with weak trading activity. Henan-based companies have lowered their quotes; the reference price at the factory is 2,170 yuan per ton, with payment by bank transfer upon delivery ; Quotations in the Luoyang market continued to fall by 20 yuan per ton, reaching 2120–2130 yuan per ton in cash upon delivery, with weak trading activity. The methanol market in the Two Lakes region saw sporadic declines. Some enterprises in Hubei have reduced their quotes; the reference price at the factory is 2,350–2,400 yuan per ton, with payment made by bank transfer upon delivery, in accordance with the terms of the contract ; Quotations for the Hunan market range from 2,540 to 2,560 yuan per ton, ex-warehouse and in cash; trading is sluggish. The methanol market in Fujian remains stable; the prevailing prices at warehouses in Quangang area are 2530–2550 yuan per ton, including taxes, ex-warehouse. In Xiamen, the prices are 2580–2600 yuan per ton, including taxes, ex-warehouse ; There were few inquiries in the market, and transactions were sparse.

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