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Methanol price trends across China on April 16

2021-04-16View Original

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Methanol price trends across China on April 16. Author/Source: Business Society. Date: 2021-04-16. Clicks: 1. The methanol price in the Panjin area remained stable at 2280–2330 yuan per ton ex-plant, while in the Shenyang area it stayed at 2330–2350 yuan per ton ex-plant. Inventory levels among downstream users are high, resulting in limited purchasing volume. The methanol market in Qinghai remains stable for now; the current prevailing price is 1,920–1,980 yuan per ton as paid at the factory, with actual transaction prices subject to negotiation. Supply from upstream suppliers is limited, and the trading atmosphere is favorable. The prevailing transaction price in Linfen, Shanxi region, has risen by 40–60 yuan per ton, reaching 2200 yuan per ton for cash payment at the factory ; The offline price in the Changzhi area has stabilized at 2,200 yuan per ton, with payment made via bank transfer from the factory ; The prevailing transaction price in the Jincheng area remains stable at 2,120 yuan per ton, ex-plant. The methanol market in Henan is seeing overall price increases, with robust trading activity. The winning bid price for the sales of products by the key enterprises in Henan was 2,280–2,285 yuan per ton, with payment made at the factory; this is 45–70 yuan per ton higher than the bid price on April 14. All 6,600 tons were sold ; Other companies have raised their quotes; the reference price at the factory is 2260–2280 yuan per ton, with payment by bank transfer upon delivery ; Quotations in the Luoyang market have risen by 40 yuan per ton, to 2280–2300 yuan per ton in cash upon delivery. The current mainstream reference price for methanol in the Anhui region is 2,380–2,400 yuan per ton, ex-plant and on credit. Futures opened higher, and with no inventory pressure on local major producers, quotes remained strong. The methanol market in the Two Lakes region is stabilizing. Hubei-based companies are offering stable prices; the reference price at the factory is 2310–2360 yuan per ton, with payment made by bank transfer upon delivery, and orders are fulfilled as they come in ; The quoted price for the Hunan market is 2470–2490 yuan per ton, ex-works and in cash; negotiations are progressing well. The methanol market in Fujian is on the rise; major suppliers in Quangang area are offering prices 20-30 yuan/ton higher, at around 2650-2660 yuan/ton including taxes. In Xiamen, the reference price is 2700 yuan/ton including taxes ; With futures prices rising and limited quantities of goods available for trading on the exchange, prices remain strong.

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