Methanol price trends across China on March 6
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Methanol price trends across China on March 6 Author/Source: Date: 2019-03-06 Clicks: 7 The methanol market in Hebei Province continued to show an upward trend, with the main selling prices for enterprises in Shijiazhuang and its surrounding areas rising to 2400–2500 yuan per ton; cash payments were applied for lower-end products, while acceptance orders were used for mid-to-high-end products； Wen’an area: 2,420–2,450 yuan/ton ； In the Tangshan area, it is 2,415–2,430 yuan per ton. The mainstream price of methanol in the Shanxi region continued to rise slightly; the ex-plant price offered by major manufacturers was between 2,300–2,400 yuan per ton, while in Jincheng it was around 2,300–2,350 yuan per ton ； The mainstream price in Linfen is around 2,320–2,350 yuan per ton in cash terms ； The mainstream price in the Changzhi area is around 2,400 yuan per ton. Affected by local environmental regulations, some companies have reduced production, and loading is restricted, resulting in a mediocre trading atmosphere. The mainstream retail price of methanol in southern Shandong remains stable at 2,470 yuan per ton, while traders offer prices of 2,420–2,430 yuan per ton for the Linyi area, without any discounts. Sales are average. The methanol market in Anhui remains stable; downstream buyers purchase according to their needs, and the trading atmosphere is fairly good. At present, the mainstream selling price for some enterprises is around 2,550–2,570 yuan per ton. The methanol market in the Two Lakes region is stable; in Hubei, the prevailing negotiation price is 2650–2750 yuan per ton, which represents the ex-plant prices of major manufacturers at the lower end, while Wuhan-based traders offer prices for the higher-end products ； In the Hunan region, some negotiation prices are around 2,800–2,850 yuan per ton, with most of these quotes coming from traders in Changsha. The methanol market in Henan remains stable, with few offers available in the market; some methanol producers are selling at around 2,450 yuan per ton. It is also understood that some traders in Luoyang are quoting prices around 2,430–2,450 yuan per ton. The methanol market in Fujian is experiencing fluctuations and stability; suppliers in Xiamen and Quangang are offering prices around 2580–2590 yuan per ton. Buyers make purchases according to their needs, and the market remains in a state of stagnation.
Analysis and forecast of domestic methanol price trends on March 6 http://www.chemcp.com March 6, 2019, China Chemical Products Network. In the domestic market, aside from fluctuations at ports, prices generally rose in other areas. Inventory levels in the Northwest region are not under pressure; demand driven by orders. Benefiting from the upcoming spring inspections and the expected commissioning of new MTO facilities, prices are still on an upward trend ； The Bohai Rim region is seeing gradual price increases due to influences from its surrounding areas ； The Central China region is expected to show positive trends, with strong increases in some areas ； In terms of ports, futures are showing volatile trends, which puts pressure on the spot market in ports; coupled with ongoing inventory pressures, prices are expected to fluctuate within a narrow range. In the short term, the domestic methanol market is likely to remain strong overall, with port performance possibly falling short of that in inland areas. In the future, it will still be necessary to pay attention to the status of domestic methanol production facilities, downstream demand, port inventory levels, freight costs, and the trend of futures prices.