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Methanol price trends across China on July 19

2021-07-19View Original

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Methanol price trends across China on July 19. Author/Source: Business Society. Date: 2021-07-19. Clicks: 3. The methanol price in the Panjin area remains stable at 2,330–2,350 yuan per ton ex-factory, while in the Shenyang area it stays at 2,370–2,390 yuan per ton ex-factory. No latest transaction prices are available; keep an eye on new prices in the northwest region. The methanol market in Qinghai remains stable for now; the leading companies have not announced any new prices this week. The current prevailing price stays at 2,090 yuan per ton as calculated on a factory delivery basis, with actual transaction prices subject to negotiation. The market trading atmosphere is favorable, with some supplies flowing into the Ningxia region. The prevailing transaction price in Linfen, Shanxi region, has risen by 30–50 yuan per ton, reaching 2,280 yuan per ton for cash payment at the factory ; The offline price in the Changzhi area is 2,350 yuan per ton, with payment made via bank transfer from the factory ; In the Jincheng area, the prevailing transaction prices have risen by 20 yuan per ton, reaching 2300 yuan per ton for cash payment at the factory. The methanol market in Henan saw a slight uptick, with decent trading activity. The bidding results for the key enterprises in Henan show a price of 2410–2425 yuan per ton for cash payment at the factory; all transactions were completed ; Other companies have raised their quotes; the actual ex-factory price is around 2400–2420 yuan per ton, with payment to be made upon delivery at the factory ; The reference price for the Luoyang market is 2410–2430 yuan per ton, in cash upon delivery from the warehouse. The mainstream reference price for methanol in the Anhui region has risen by 40 yuan/ton, reaching 2530–2550 yuan/ton at the factory gate with acceptance terms. Futures prices rose, driving up prices, with somewhat cautious trading activity. The methanol market in the Two Lakes region saw a slight increase, with decent trading activity. Some enterprises in Hubei have raised their quotes; the reference price at the factory is 2,500–2,560 yuan per ton, with payment by bank transfer upon delivery ; The quote for the Hunan market is 2690–2710 yuan per ton, ex-works and in cash. The methanol market in Fujian remains stable. The current spot prices at the main warehouses in Quangang area are around 2650–2670 yuan per ton, including taxes; in Xiamen, the negotiated spot prices at the main warehouses are around 2700–2710 yuan per ton, including taxes ; Market demand is weak, with few inquiries; no deals have been reported so far.

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