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Methanol price trends across China on September 22

2021-09-22View Original

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Methanol price trends across China on September 22. Author/Source: Business Society. Date: 2021-09-22. Clicks: 3. The methanol price in Panjin, Liaoning remains stable at 2,950 yuan per ton ex-factory, while in Shenyang it stays at 2,990 yuan per ton ex-factory. Sales are satisfactory, with downstream buyers purchasing according to their needs. The methanol market in Qinghai remains stable for now, with the leading companies not announcing any new prices this week. In the Qinghai region, the prevailing price of methanol remains at 2,610 yuan per ton as delivered at the factory; actual transaction prices can be negotiated. The market transaction atmosphere is positive. The methanol market in Henan region has seen a sharp rise, with decent trading activity in the market. The winning bid for tendered orders from key enterprises in Henan is 3,170–3,175 yuan per ton at the factory gate ; Quotations in the Luoyang market have risen to 3,150 yuan per ton, in cash upon delivery from the warehouse. In the methanol market of Anhui region, the transaction price range is around 3,000–3,050 yuan per ton, ex-factory and on credit. Prices are rising in areas surrounding Anhui, and local factories tend to raise their prices accordingly; meanwhile, the downstream sector remains cautious for now. Methanol prices in the Two Lakes region saw a slight increase, with many buyers adopting a wait-and-see attitude. The leading enterprises in Hubei have not submitted bids yet, while other companies have raised their offers; the actual ex-factory price is around 3000–3100 yuan per ton, with payment to be made upon delivery ; For negotiations in the Hunan market, a reference price is 3160–3200 yuan per ton, ex-works and in cash. In the Quanzhou area of Fujian’s methanol market, there are few offers for imported spot goods; a reference price of around 3,040 yuan per ton, including taxes, applies for the product leaving the warehouse ; There are few current market quotes in the Xiamen area; as a reference, the price is around 3,060 yuan per ton, including taxes and excluding delivery costs. Futures drove strong price increases, with the spot market following suit; market offers were relatively limited.

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