Methanol price trends across China on July 23

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Methanol price trends across China on July 23 Author/Source: Date: 2019-07-23 Clicks: 41 The methanol market in the Northeast remains stable; the prevailing selling prices for methanol produced from coal and coke oven gas in Qitaihe, Heilongjiang, are around 1,950–2,050 yuan per ton, with sales primarily directed to the local area and Jilin； The quotes from major traders for goods shipped from Liaoning are around 2,000–2,050 yuan per ton. The methanol market in Hebei region has softened slightly; the mainstream ex-factory prices of enterprises in Shijiazhuang and its surrounding areas have dropped by 20 yuan, ranging from 1,880 to 1,930 yuan per ton. Prices are concentrated in the mid-to-low range, demand from downstream buyers is weak, and enterprises face pressure in terms of sales ； The latest prices for the Wen’an area have not yet been released ； In the Tangshan area, the reference price is 1,950 yuan per ton, minus 30 yuan. The methanol market in Shanxi region is weakening, with the prevailing price ranging from 1,720 to 1,780 yuan per ton. The mainstream price in Jincheng is 1,770–1,780 yuan per ton, and companies are having difficulty selling their products ； The mainstream price in Linfen remains stable at 1,760–1,790 yuan per ton, with a strong bearish sentiment in the market ； The auction price in Changzhi is 1,770 yuan per ton ； In Yuncheng, the mainstream price is 1,790 yuan per ton, which is 20 yuan less ； Major manufacturers in Lüliang failed to win the bids ； The insured price for Datong this week is 1,720 yuan per ton. The spot market for methanol in Fujian is operating in a weak condition; the spot prices in the main storage areas of Quangang are around 2,200 yuan per ton, while those in Xiamen are also around 2,200 yuan per ton. Demand is limited, resulting in a sluggish market atmosphere.