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Methanol price trends on March 22

2019-03-22View Original

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East China ports: The methanol market in Taicang is operating in a state of consolidation; some imported spot transactions are being made at 2,500–2,520 yuan per ton; The quotes provided by the main suppliers of methanol imported through Nantong Port remain stable at 2,560 yuan per ton ; In the Changzhou and Jiangyin areas, the price for domestic goods sold out of the tank is 2490–2500 yuan per ton ; For paper products: Grade 4: 2480–2500 yuan/ton; Grade 5: 2500–2520 yuan/ton ; The outbound prices for methanol imports from the major suppliers at Ningbo Port remain stable at 2,580–2,600 yuan per ton. South China ports: The methanol market is fluctuating sideways amid futures activity; the import spot quotes from BP’s inventory range at 2,520–2,530 yuan per ton ; The quote for Bai’anku imported goods is 2,530 yuan per ton. Hubei and Hunan regions: The methanol market is operating steadily. The prevailing price in Hubei is between 2,430 and 2,500 yuan per ton; this represents the ex-plant prices of major manufacturers in the lower price range, while some traders in Wuhan offer prices for the higher end of this range ; Some negotiations in the Hunan region are around 2,600–2,650 yuan per ton, according to quotes from traders in Changsha. Fujian region: The methanol spot market is stable; currently, some suppliers in Xiamen and Quangang are offering prices around 2560–2570 yuan per ton, with moderate levels of transaction activity in the spot market. Northern Shandong region: The mainstream ex-factory prices for enterprises in central and eastern Shandong have increased by 20 yuan, ranging around 2360–2370 yuan per ton ; Traders remain optimistic, with transaction prices in nearby areas such as Dongying and Zibo ranging from 2370 to 2420 yuan per ton.

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