Summary post on the methanol market trends and prices from March to December 2017

Analysis of methanol price trends on March 1, 2017: http://www.chemcp.com On March 1, 2017, according to China Chemical Products Network, the prevailing retail prices for enterprises in southern Shandong dropped by 20 yuan per ton, settling at 2,780–2,800 yuan per ton. Traders quoted a price of around 2,650–2,680 yuan per ton for delivery without invoices in the Linyi area. Downstream purchases in the dynamic overall region are mainly demand-driven; manufacturer shipments are at normal levels, local olefin companies are making purchases to reduce inventory pressures, and market activity is fairly good. The mainstream ex-factory price for enterprises in central and eastern Shandong is around 2,680 yuan per ton. Traders in Dongying, Zibo and other areas are trading at prices around 2,580–2,630 yuan per ton. There is dynamic, traditional downstream demand-driven purchasing; overall order intake is average. Currently, consumption of existing inventory is the main approach, with traders placing orders for goods in large quantities, resulting in an average level of activity in the market. Major methanol producers in Gansu Province are operating normally, with smooth shipments. The prevailing negotiation price for methanol is around 2,500 yuan per ton on a cash basis. Some quotes/offers for methanol at Taicang port in Jiangsu are around 3,050–3,060 yuan per ton. The prevailing quotes in Nantong are around 3,090–3,100 yuan per ton ； Some quotes from the ports in Changzhou and Jiangyin are around 3,090 yuan per ton. The major methanol suppliers in the Ningbo area have halted trading, with on-site sellers in the region offering prices around 3170-3180 yuan per ton. Dynamic futures showed weak fluctuations, while the port market in East China experienced a slight decline; in the morning, some spot transactions in Taicang were conducted at around 3050–3060 yuan per ton. The prevailing price of methanol at ports in South China and Guangdong is around 3,160–3,200 yuan per ton. The methanol market is seeing slight fluctuations; some transactions this morning took place at around 3,150–3,160 yuan per ton. The prevailing delivery and acceptance price in Anhui region is around 2,850–2,900 yuan per ton. The overall methanol market remains stable; major companies are operating normally, and sales are satisfactory. The methanol market in the southwest region remains stable with little change; manufacturers in Sichuan and Chongqing are selling their product at around 2,650–2,800 yuan per ton, with most of them adhering to their contractual obligations. In the Sichuan-Chongqing region, major merchants are accepting deliveries at around 2,850–2,900 yuan per ton, inclusive of taxes; market transactions remain sluggish. In Hubei region, the prevailing negotiation price is 2,930–2,970 yuan per ton; the factory prices come from major manufacturers in the lower-end segment, while those from Wuhan-based traders apply to the higher-end products. The prevailing negotiation price in Hunan is between 3,030 and 3,060 yuan per ton; manufacturers have suspended providing quotes, with most prices coming from traders in Changsha. Market shipments are fairly satisfactory. The methanol market in the dynamic Two Lakes region remains stable for now. The methanol market in Henan remains stable, with local methanol producers selling their product at around 2630–2650 yuan per ton. In the Luoyang region, the prevailing quotes from traders are around 2,650–2,680 yuan per ton, with decent sales volume. The methanol market in Henan remains stable, with local methanol producers selling their product at around 2630–2650 yuan per ton. In the Luoyang region, the prevailing quotes from traders are around 2,650–2,680 yuan per ton, with decent sales volume. In the Hebei region, the prevailing selling price for enterprises in Shijiazhuang and its surroundings is around 2,600–2,650 yuan per ton; for traders, it is approximately 2,550–2,600 yuan per ton ； The price for the Wen’an area without a ticket is 2,530 yuan per ton ； The mainstream selling price in Tangshan is around 2,750 yuan per ton. The mainstream selling price of methanol produced from coal and coke oven gas in Heilongjiang is around 2,600–2,650 yuan per ton, with the product being mainly sold locally and in Jilin. Influenced by Tangshan, Liaoning’s main traders are offering prices at around 2,850–2,900 yuan per ton. The shipment volume of dynamic enterprises is average; downstream purchases are mainly based on demand, with the market playing a key role. In the northern Jiangsu region, the mainstream ex-factory price is around 2,800–2,820 yuan per ton. The overall methanol market is on a downward trend; production by major manufacturers remains stable, supply in the market is sufficient, and downstream buyers are cautious about entering the market. The ex-plant price of major enterprises in Shaanxi region is 2,810 yuan per ton, with spot payment for lower-end products and acceptance payment for higher-end ones. The spot price at the factory gates for enterprises in the northern part of Inner Mongolia is 2280–2320 yuan per ton, while it is around 2320 yuan per ton for enterprises in the southern part of Inner Mongolia.

Methanol prices as of March 6, 2017: http://www.chemcp.com. According to China Chemical Products Network, the prices are as follows: Shanxi Jiantao Wanxinda’s industrial-grade methanol is priced at 2550; Shanxi Anze Yongxin’s industrial-grade methanol is priced at 2500; Henan Xinlianxin’s industrial-grade methanol is priced at 2750; Shanxi Datuhe Coking’s industrial-grade methanol is priced at 2460; Hebei Dingzhou Tianlu New Energy’s industrial-grade methanol is priced at 2750; Heilongjiang China Coal Longhua’s industrial-grade methanol is priced at 3050; Daqing Oilfield’s industrial-grade methanol is available at 3000 upon shipment; Hebei Zhengyuan Chemical’s industrial-grade methanol is priced at 2690 (subject to acceptance terms); Shandong Mingshui Dahuahua’s industrial-grade methanol is priced at 2700 (in cash); Shanxi Coking’s industrial-grade methanol is priced at 2520; Heilongjiang Qitaihe Jiwei’s industrial-grade methanol is priced at 2750; Henan Hebi Coal and Electricity’s industrial-grade methanol is priced at 2750; Heilongjiang Yidaxin’s industrial-grade methanol is priced at 2750; Dalian Dahuahua’s methanol is priced at 2950, available only for local sales; Shandong Linyi Hengchang’s industrial-grade methanol is priced at 2840, with regular shipments; Shanxi Jinfeng’s industrial-grade methanol is priced at 2650 (subject to acceptance terms upon shipment); Shandong Yankuang Group’s industrial-grade methanol is priced at 2780, with regular shipments; Shanghai Coking’s methanol is priced at 3300 upon shipment; Heilongjiang Jianlong Steel’s industrial-grade methanol is priced at 2750 upon shipment; Heilongjiang Baotailong Coal Methanol’s industrial-grade methanol is priced at 2800; Sichuan Chuanwei’s industrial-grade methanol is priced at 2800; Chongqing Wansheng’s methanol is priced at 2800, but not available for export at the moment; Sichuan Dazhou Steel’s industrial-grade methanol is priced at 2700; Hubei Sanning’s industrial-grade methanol is priced at 2930, with some products used internally; Hunan Yihua’s industrial-grade methanol has a stable price of 0; Jiangsu Yizhou Coal and Coking’s industrial-grade methanol is priced at 2820; Jiangsu Hengsheng’s industrial-grade methanol is priced at 2860; Shanxi Jiantao Lubao’s industrial-grade methanol is priced at 2650; Shandong Xinneng Phoenix’s industrial-grade methanol is priced at 2840, with regular shipments; Shandong Tengzhou Shenglong’s industrial-grade methanol is priced at 2800 upon shipment; Shanxi Yangmei Fengxi’s industrial-grade methanol is priced at 2750, with satisfactory shipment conditions; Shaanxi Heimaocat Coking’s industrial-grade methanol is priced at 2550; Anhui Linhuan Coking’s industrial-grade methanol is priced at 2900 (subject to acceptance terms upon shipment); Shandong Lianmeng’s industrial-grade methanol is priced at 2700 (in cash); Shaanxi Yanzhou Coal Industry’s methanol is priced at 2320 upon shipment

Product Name, Unit of Quotation, Specifications, Quotation Type, Time of Quotation Release: Methanol, Shande International Trade, Grade: Top-grade, http://china.toocle.com/images/icon1.gif, Distributor price: 3100 yuan/ton, 2017-03-06. Methanol, Inner Mongolia Xinao, Type: Industrial methanol, http://china.toocle.com/images/icon1.gif, Factory price: 2300 yuan/ton, 2017-03-03. Methanol, Yulin Nenghua, Type: Industrial methanol, http://china.toocle.com/images/icon1.gif, Factory price: 2320 yuan/ton, 2017-03-03. Methanol, Anhui Haoyuan, Type: Industrial methanol, http://china.toocle.com/images/icon1.gif, Factory price: 2900 yuan/ton, 2017-03-03. Methanol, Linyi Hengchang, Type: Industrial methanol, http://china.toocle.com/images/icon1.gif, Factory price: 2820 yuan/ton, 2017-03-03. Methanol, Shanxi Jinfeng, Type: Industrial methanol, http://china.toocle.com/images/icon1.gif, Factory price: 2600 yuan/ton, 2017-03-03. Methanol, Hebei Zhengyuan, Type: Industrial methanol, http://china.toocle.com/images/icon1.gif, Factory price: 2690 yuan/ton, 2017-03-03. Methanol, Shandong Lianmeng, Type: Industrial methanol, http://china.toocle.com/images/icon1.gif, Factory price: 2680 yuan/ton, 2017-03-03. Methanol, Mingshui Daha, Type: Industrial methanol, http://china.toocle.com/images/icon1.gif, Factory price: 2700 yuan/ton, 2017-03-03. Methanol, Tengzhou Phoenix, Type: Industrial methanol, http://china.toocle.com/images/icon1.gif, Factory price: 2790 yuan/ton, 2017-03-03. Methanol, China National Coal Group Longhua, Type: Industrial methanol, http://china.toocle.com/images/icon1.gif, Factory price: 3050 yuan/ton, 2017-03-03. Methanol, Shandong Yankuang, Type: Industrial methanol, http://china.toocle.com/images/icon1.gif, Factory price: 2740 yuan/ton, 2017-03-03. Methanol, Henan Xinxin Chemical Fertilizer, Type: Industrial methanol, http://china.toocle.com/images/icon1.gif, Factory price: 2750 yuan/ton, 2017-03-03. Methanol, North China Methanol, Type: Industrial methanol, http://china.toocle.com/images/icon1.gif, Market price: 2530 yuan/ton, 2017-03-03. Methanol, Hebei Methanol, Type: Industrial methanol, http://china.toocle.com/images/icon1.gif, Market price: 2650 yuan/ton, 2017-03-03. Methanol, Shandong Methanol, Type: Industrial methanol, http://china.toocle.com/images/icon1.gif, Market price: 2720 yuan/ton, 2017-03-03. Methanol, East China Methanol, Type: Industrial methanol, http://china.toocle.com/images/icon1.gif, Market price: 3090 yuan/ton, 2017-03-03. Methanol, South China Methanol, Type: Industrial methanol, http://china.toocle.com/images/icon1.gif, Market price: 3140 yuan/ton, 2017-03-03. Methanol, Shande International Trade, Grade: Top-grade, http://china.toocle.com/images/icon1.gif, Distributor price: 3110 yuan/ton, 2017-03-03. Methanol, Jinmei Mingshui Chemical, Grade: First-grade, Factory price: 2720 yuan/ton, 2017-03-03

Analysis of methanol price trends on March 6, 2017: http://www.chemcp.com. As of March 6, 2017, according to China Chemical Products Network, the prevailing retail prices for enterprises in southern Shandong remain stable at 2730–2750 yuan per ton. Traders offer a price of 2600–2620 yuan per ton for deliveries to Linyi without invoices. Shipments from methanol manufacturers in the vicinity of Linyi are generally steady; the production facility of Yankuang Guohong has resumed operations, leading to an increase in supply. The prevailing price for shipments in Anhui region is around 2,850–2,900 yuan per ton. The dynamic methanol market remains stable; major companies are operating normally, and there is a strong atmosphere of caution in the market at the beginning of the week. This week, the prices on the north-south route of the Northwest Association dropped by 90 yuan compared to last week, reaching 2,230 yuan per ton. The reference price in the Xianyang area is 2,530–2,570 yuan per ton; cash payment is available for lower-end products, while acceptance letters are used for higher-end ones. Some quotes/offers for methanol at Taicang Port in Jiangsu are around 3,020–3,030 yuan per ton. The mainstream offer price in Nantong is around 3,060 yuan per ton ； Some quotes for the ports of Changzhou and Jiangyin are around 3,060 yuan per ton. Major methanol sellers at the Ningbo port have suspended quotations. Reportedly, due to the Zhenhai incident, loading operations at Ningbo terminals remain restricted; only a few quotes are being offered at around 3,150 yuan per ton. Dynamic futures prices are volatile, while the port market in East China remains relatively stable; this morning, some spot transactions in Taicang were conducted at around 3010–3025 yuan per ton. In South China’s Guangdong ports, the prevailing quote for methanol is around 3,150–3,160 yuan per ton. In the dynamic methanol market, sellers are holding prices steady; the market has seen a slight upward trend. Trading activity was relatively low in the morning, with only a few transactions occurring at around 3,140–3,150 yuan per ton. In the southern and southeastern parts of Shanxi Province, the ex-factory prices of major methanol producers range from 2,500 to 2,550 yuan per ton; in Jincheng, the selling price is between 2,500 and 2,520 yuan per ton. Currently, the spot price in Linfen is around 2,500 yuan per ton, while in Changzhi it is around 2,550 yuan per ton. In Hubei region, the prevailing negotiation range is 2,850–2,950 yuan per ton; the lower end represents the ex-factory quotes from major manufacturers, while the upper end reflects quotes provided by traders in Wuhan. The prevailing negotiation price in Hunan is between 3,030 and 3,060 yuan per ton; manufacturers have suspended providing quotes, with most prices coming from traders in Changsha. Market shipments are fairly satisfactory. The methanol market in the dynamic Two Lakes region remains stable for now. The mainstream ex-factory price of enterprises in northern Jiangsu is around 2,750–2,760 yuan per ton. The dynamic methanol market is stable; production at the major manufacturers remains steady, and there is an ample supply in the market. The overall methanol market in Henan remains stable, with local methanol producers selling their product at around 2630–2650 yuan per ton. In the Luoyang region, the prevailing quotes from traders are around 2,650–2,680 yuan per ton, with decent sales volume.

Analysis and forecast of domestic methanol price trends on March 7 http://www.chemcp.com March 7, 2017 China Chemical Products Network: The domestic methanol market is showing a slight decline. Shipments in the Northwest region remain average, with new prices declining ； Demand in the Bohai Rim region is limited, with slight declines in some areas ； Trading activity in the Huaihai region is moderate, with prices moving in a narrow range ； Futures are volatile, with slight increases in some ports in East and South China. Northwest region: At the beginning of the week, the market was largely characterized by a wait-and-see attitude; there was little willingness on the part of downstream customers to place orders, so manufacturers mainly reduced prices in an effort to clear their inventory. Bohai Rim region: The enthusiasm of downstream markets to purchase goods is moderate; environmental inspections have limited the capacity to consume substances such as formaldehyde and dimethyl ether, resulting in restrictions on production activities. There is a negative attitude among manufacturers, and there is significant pressure for them to sell their products at high prices. Port area: Driven by factors such as sustained strong support from external markets and a growing atmosphere of speculation within the market, the trend in the South China market has seen a slight upward movement. However, inventory levels at ports in East China remain high, demand from end-users stays at a basic level, and futures prices are volatile, leading to cautious attitudes among industry players. Prediction: Domestic market prices are expected to decline to some extent.

Methanol prices as of March 7, 2017: http://www.chemcp.com. According to China Chemical Products Network, the prices are as follows: Shanxi Datuhe Coking’s industrial-grade methanol is priced at 2460; Shandong Mingshui Dahuahua’s industrial-grade methanol is priced at 2700 in cash; Hebei Zhengyuan Chemical’s industrial-grade methanol is priced at 2690 under an acceptance agreement; Daqing Oilfield’s industrial-grade methanol costs 3000 at the factory; Shandong Lianmeng’s industrial-grade methanol is priced at 2650 in cash; Heilongjiang Zhongmei Longhua’s industrial-grade methanol is priced at 3050; Hebei Dingzhou Tianlu New Energy’s industrial-grade methanol is priced at 2750; Shanxi Yangmei Fengxi’s industrial-grade methanol is also priced at 2750, with satisfactory delivery conditions; Heilongjiang Qitaihe Jiwei’s industrial-grade methanol is priced at 2750; Heilongjiang Jianlong Steel’s industrial-grade methanol costs 2700 at the factory; Heilongjiang Baotailong Coal’s industrial-grade methanol is priced at 2800; Dalian Dahuahua’s methanol is priced at 2950, available only for local sales; Sichuan Dazhou Steel’s industrial-grade methanol is priced at 2700; Shandong Linyi Hengchang’s industrial-grade methanol is priced at 2760, with regular delivery; Heilongjiang Yidaxin’s industrial-grade methanol is priced at 2700; Shandong Linyi Lan Yue Chemical’s industrial-grade methanol is priced at 2780 for external sales; Sichuan Chuanwei’s industrial-grade methanol is priced at 2900; Shanxi Jinfeng’s industrial-grade methanol is priced at 2570, with delivery under an acceptance agreement; Jiangsu Yizhou Coal Coking’s industrial-grade methanol is priced at 2750; Jiangsu Hengsheng’s industrial-grade methanol is priced at 2760; Hubei Sanning’s industrial-grade methanol is priced at 2850, with some products used internally; Henan Xinlianxin’s industrial-grade methanol is priced at 2750; Shandong Tengzhou Shenglong’s industrial-grade methanol is priced at 2750 at the factory; Shandong Xinneng Phoenix’s industrial-grade methanol is priced at 2780, with stable delivery; Hebei Shijiazhuang Jinshi’s industrial-grade methanol is priced at 2650; Henan Hebi Coal and Electricity’s industrial-grade methanol is priced at 2750; Anhui Haoyuan’s industrial-grade methanol is priced at 2950, with delivery under an acceptance agreement; Anhui Linhuan Coking’s industrial-grade methanol is priced at 2880 under an acceptance agreement; Cangzhou China Railway Coking’s industrial-grade methanol is priced at 2600 at the factory

Analysis of methanol price trends on March 7, 2017: http://www.chemcp.com. As of March 7, 2017, according to China Chemical Products Network, the retail prices for enterprises in southern Shandong have dropped by 30–50 yuan per ton, reaching 2700–2700 yuan per ton. Traders offer prices of 2580–2610 yuan per ton for deliveries to Linyi area without invoices. Market activity is weak. The mainstream ex-factory prices for enterprises in central and eastern Shandong have dropped by 30 yuan per ton, to 2600–2630 yuan per ton. Traders in Dongying, Zibo and other areas are quoting prices of 2,500–2,550 yuan per ton. Market activity is weak. Dynamic downstream demand is limited, and company shipments are average. Some quotes for methanol at Taicang port in Jiangsu are around 3,010–3,020 yuan per ton, with prices subject to negotiation. The mainstream offer price in Nantong is around 3,060 yuan per ton ； Some quotes for the ports of Changzhou and Jiangyin are around 3,060 yuan per ton. The main suppliers of methanol at Ningbo Port have halted trading, with some quotes in the area ranging around 3140–3150 yuan per ton. Dynamic futures prices are fluctuating, while the port market in East China remains relatively stable; this morning, some spot transactions in Taicang were conducted at around 3010–3020 yuan per ton. The prevailing price of methanol at ports in South China and Guangdong is around 3,150–3,180 yuan per ton. In the dynamic methanol market, suppliers continue to hold their prices high; there were few transactions in the morning, with some prices ranging between 3,140–3,160 yuan per ton. The current mainstream negotiation price in the Shaanxi region is around 2,800 yuan per ton, with cash payment for lower-end products and acceptance payment for higher-end ones. The spot ex-plant price of enterprises in northern Shaanxi in the northwest region has dropped by 90 yuan per ton compared to last week, reaching around 2,230 yuan per ton ； The ex-plant price in cash for enterprises in the northern part of Inner Mongolia is 2,230 yuan per ton, while the corresponding price for enterprises in the southern part of Inner Mongolia is around 2,230 yuan per ton. **During this period, some road transportation services are restricted. The ex-factory price of methanol from the major manufacturers in the southern and southeastern parts of Shanxi Province is between 2430 and 2520 yuan per ton, while the price at Jincheng is 2500–2520 yuan per ton. The current spot price in Linfen is around 2,430–2,460 yuan per ton, while in some areas of Changzhi it is around 2,430–2,480 yuan per ton. In Hubei region, the prevailing negotiation price is 2,800–2,850 yuan per ton; the factory prices come from major manufacturers in the lower-end segment, while those from Wuhan-based traders apply to the higher-end products. In the Hunan region, the prevailing negotiation price is 2,950–2,960 yuan per ton; manufacturers have suspended providing quotes, with most quotes coming from traders in Changsha. Market shipments are at a moderate level. The methanol market in the dynamic Two Lakes region is declining. For enterprises in northern Jiangsu, the prevailing ex-factory price is around 2,750–2,760 yuan per ton. The dynamic methanol market remains stable, with plants operating smoothly and ample supply in the market. The methanol market in Henan region is declining, with local methanol producers selling their product at around 2600–2650 yuan per ton ； Additionally, the prevailing quotes from Luoyang traders are around 2,600–2,630 yuan per ton, with decent sales volume. In the Hebei region, the main selling price for enterprises in Shijiazhuang and its surrounding areas is around 2,580–2,630 yuan per ton, while the trading price is approximately 2,530 yuan per ton ； The price for the Wen’an area without a ticket is around 2,450 yuan per ton ； The mainstream selling price in Tangshan is around 2,750 yuan per ton. In the southwestern region, the methanol market saw a slight downturn. For producers in Sichuan and Chongqing, the prevailing selling price was around 2,650–2,800 yuan per ton; most manufacturers focused primarily on fulfilling existing contracts ； Affected by the surrounding market conditions, major suppliers in Sichuan and Chongqing are accepting deliveries at a price of around 2,730–2,750 yuan per ton including taxes, and sales are performing fairly well. The prevailing selling prices for methanol produced from coal and coke oven gas in Heilongjiang Province, in the Northeast region, are around 2600–2650 yuan per ton, with sales primarily directed at the local market and Jilin Province ； Affected by Tangshan, major traders are quoting prices of around 2850–2900 yuan per ton for goods delivered to Liaoning. The dynamic methanol market remains stable, with average shipments.

Methanol quotes as of March 8, 2017: http://www.chemcp.com
March 8, 2017, China Chemical Products Network

| Enterprise/Region | Product Type | Specifications/Content/Price | Remarks |
|-------------------|--------------|-------------------------------|---------|
| Shanxi Datuhe Coking | Methanol, industrial grade | 99.9%, 2,460 | Quote |
| Shandong Mingshui Dahua | Methanol, industrial grade | 99.9%, 2,700 | Cash payment |
| Hebei Zhengyuan Chemical | Methanol, industrial grade | 99.9%, 2,690 | Quote with acceptance payment |
| Daqing Oilfield | Methanol, industrial grade | 99.9%, 3,000 | Ex-works price |
| Shandong Lianmeng | Methanol, industrial grade | 99.9%, 2,650 | Cash payment quote |
| Heilongjiang Zhongmei Longhua | Methanol, industrial grade | 99.9%, 3,050 | Quote |
| Hebei Dingzhou Tianlu New Energy | Methanol, industrial grade | 99.9%, 2,750 | Quote |
| Shanxi Yangquan Coal Industry Fengxi | Methanol, industrial grade | 99.9%, 2,750 | Shipments proceeding normally |
| Heilongjiang Qitaihe Jiwei | Methanol, industrial grade | 99.9%, 2,750 | Quote |
| Heilongjiang Jianlong Steel | Methanol, industrial grade | 99.9%, 2,750 | Ex-works quote |
| Heilongjiang Baotailong Coal | Methanol, industrial grade | 99.9%, 2,800 | Quote |
| Dalian Dahua | Methanol, 99.9% | 2,950 | For local sales only |
| Sichuan Dazhou Iron & Steel | Methanol, industrial grade | 99.9%, 2,700 | Quote |
| Shandong Linyi Hengchang | Methanol, industrial grade | 99.9%, 2,760 | Shipments normal |
| Heilongjiang Yidaxin | Methanol, industrial grade | 99.9%, 2,700 | Quote |
| Shandong Linyi LanYue Chemical | Methanol, industrial grade | 99.9%, 2,780 | External quote |
| Sichuan Chuanwei | Methanol, industrial grade | 99.9%, 2,900 | Quote |
| Shanxi Jinfeng | Methanol, industrial grade | 88%, 2,570 | High-purity methanol; acceptance payment ex-works quote |
| Jiangsu Yizhou Coal Coking | Methanol, industrial grade | 99.9%, 2,750 | Quote |
| Jiangsu Hengsheng | Methanol, industrial grade | 99.9%, 2,760 | Quote |
| Hubei Sannin | Methanol, industrial grade | 99.9%, 2,850 | Part of the products for internal use |
| Henan Xinlianxin | Methanol, industrial grade | 99.9%, 2,750 | Quote |
| Shandong Tengzhou Shenglong | Methanol, industrial grade | 99.9%, 2,750 | Ex-works quote |
| Shandong Xinneng Fenghuang | Methanol, industrial grade | 99.9%, 2,780 | Stable shipments |
| Hebei Shijiazhuang Jinshi | Methanol, industrial grade | 99.9%, 2,650 | Quote |
| Henan Hebi Coal & Electricity | Methanol, industrial grade | 99.9%, 2,750 | Quote |
| Anhui Haoyuan | Methanol, industrial grade | 99.9%, 2,950 | Acceptance payment ex-works |
| Anhui Linhuan Coking | Methanol, industrial grade | 99.9%, 2,880 | Acceptance payment ex-works |
| Cangzhou China Railway Coking | Methanol, industrial grade | 99.9%, 2,600 | Ex-works quote |

Analysis and forecast of domestic methanol price trends on March 8th: http://www.chemcp.com, March 8, 2017. China Chemical Products Network. Domestically: Due to restrictions on road transportation during **, there was a strong bearish sentiment in the market at the start of the week, leading manufacturers in the northwest region to reduce prices significantly. However, after the manufacturers in the northwest reduced their prices, shipments proceeded smoothly; moreover, with some plants scheduled for maintenance, suppliers became more inclined to maintain higher prices, driving prices back up. The demand from downstream markets such as those in the Bohai Sea region is moderate; under the pressure of environmental inspections, a negative attitude persists among market participants. Additionally, affected by the decline in production in the northwestern production areas earlier on, performance in this region remains weak. On the port side, strong support from overseas markets continues to prevail, with the South China market seeing modest upward moves. However, inventory levels at ports remain high, and the trend in futures is unfavorable; as a result, traders remain cautious in their approaches. Northwest region: Inventory pressure is relatively high in the main production areas of the northwest; companies are able to ship goods fairly well, but traders order less from downstream suppliers, with manufacturers focusing on clearing their inventory. The Bohai Rim region: Overall market demand is limited, with weak demand from downstream sectors; sales mainly consist of clearing inventory, traders struggle to sell their goods, and the overall market is in decline. Port area: Overall demand downstream is moderate; futures prices are falling, so the port area is likely to experience a downward trend. Prediction: The domestic methanol market is likely to experience a slight decline.

Analysis of methanol price trends on March 8, 2017: http://www.chemcp.com. As of March 8, 2017, according to China Chemical Products Network, the mainstream retail prices for enterprises in southern Shandong remain stable at around 2700 yuan per ton. Traders offer prices of 2600–2620 yuan per ton for deliveries to Linyi without invoices. The major manufacturers have resumed shipments, resulting in an ample supply in the market; downstream purchasing activity is moderate, and the overall market is in a state of weak consolidation. The mainstream ex-factory prices for enterprises in central and eastern Shandong remain stable at 2,600–2,630 yuan per ton. Traders in Dongying, Zibo and other areas are quoting prices around 2,530–2,550 yuan per ton. Demand from traditional downstream sectors remains weak; consumption is mainly driven by existing inventory, resulting in average market transaction levels. In the Xinjiang region, manufacturers within the region are quoting prices at around 1,800 yuan per ton. For deliveries in the vicinity of Urumqi, the quoted price is approximately 1,800–1,850 yuan per ton. Currently, only one production unit among the major local methanol producers is operational; supply is limited and no quotes are being provided. Actual transaction prices can be negotiated. Some quotes for methanol at Taicang port in Jiangsu are around 2,950 yuan per ton, with negotiations also possible at that level. The mainstream quote in Nantong is around 3,000 yuan per ton ； Some quotes from the ports in Changzhou and Jiangyin are around 3,000 yuan per ton. The main suppliers of methanol at Ningbo Port have halted trading, with some deals within the region at around 3,100 yuan per ton. Dynamic futures prices are falling, and the port market in East China is on a downward trend; this morning, some spot transactions in Taicang were at around 2950–2960 yuan per ton. In the Guangdong ports of South China, the prevailing price for methanol is around 3120–3150 yuan per ton. The methanol market at these ports is showing a downward trend; there were few transactions in the morning, with prices ranging from around 3100 to 3130 yuan per ton. In the Hebei region, the main selling price for enterprises in Shijiazhuang and its surrounding areas is around 2,560–2,580 yuan per ton, while the trading price is approximately 2,530 yuan per ton ； In the Wen’an area, the quote without a ticket is around 2,400 yuan per ton ； The mainstream selling price in Tangshan is around 2,750 yuan per ton. The overall methanol market in the southwest region remains stable; the main selling price for manufacturers in Sichuan and Chongqing is around 2,650–2,800 yuan per ton, with most manufacturers adhering to their contracts. Major suppliers in Sichuan and Chongqing are accepting deliveries at around 2,730–2,750 yuan per ton including taxes, and sales are fairly good. In the northern Jiangsu region, the mainstream ex-factory price for enterprises is around 2,750–2,760 yuan per ton. The dynamic methanol market is in operation; the main manufacturers maintain stable production, with deliveries mainly going to contract clients. The prevailing delivery and acceptance price in Anhui region is around 2,780–2,800 yuan per ton. The dynamic methanol market is showing a slight decline; major companies are operating normally, while demand from downstream sectors is moderate. In Hubei region, the prevailing negotiation price is 2,800–2,850 yuan per ton; the factory prices come from major manufacturers in the lower-end segment, while those from Wuhan-based traders apply to the higher-end products. In the Hunan region, the prevailing negotiation price is 2,950–2,960 yuan per ton; manufacturers have suspended providing quotes, with most quotes coming from traders in Changsha. Market shipments are at a moderate level. The methanol market in the dynamic Two Lakes region remains stable for now. The overall methanol market in Henan remains stable, with local methanol producers selling their product at around 2600–2650 yuan per ton. The prevailing quotes from traders in the Luoyang area are around 2,600–2,630 yuan per ton, with decent shipment conditions. The ex-plant prices of major enterprises in Shaanxi region range from 2,800 yuan per ton; cash is used for lower-end prices, while acceptance letters are used for higher-end prices. In the southern and southeastern parts of Shanxi province, the ex-plant price of methanol from major manufacturers is between 2430 and 2520 yuan per ton, while in Jincheng it is around 2500 yuan per ton in cash terms. The current spot price in Linfen is around 2,430–2,460 yuan per ton, while in Changzhi it is around 2,500 yuan per ton. The mainstream selling price of methanol produced from coal and coke oven gas in Heilongjiang is around 2,600–2,650 yuan per ton, with the product being mainly sold locally and in Jilin. Influenced by Tangshan, Liaoning’s main traders are offering prices at around 2,850–2,900 yuan per ton. The shipment volume of dynamic enterprises is average; downstream purchases are mainly based on demand, with the market playing a key role.