Methanol price trends across China on August 5

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Methanol price trends across China on August 5 Author/Source: Date: 2019-08-05 Clicks: 5 The methanol market in Hebei region continues to rise; the prevailing ex-plant price for enterprises in Shijiazhuang and its surrounding areas is 1920–1950 yuan per ton. Demand from downstream buyers has weakened at current prices, with a strong tendency toward caution in the market at the beginning of the week； There are no current prices available for the Wen’an area ； The reference price in the Tangshan area remains stable at 1,940 yuan per ton. The methanol market in Shanxi region continued to rise, with prices increasing by 50-70 yuan to 1720-1850 yuan per ton. The mainstream price in Jincheng has risen to 1,800–1,850 yuan per ton; shipments are generally made at high prices ； In Linfen, the price has risen by 20-30 yuan, reaching 1770-1800 yuan per ton; major companies have limited inventory ； Retail prices in the Changzhi region remain stable at 1,850 yuan per ton for now ； The latest auction price in the Lüliang area is 1,720–1,750 yuan per ton ； The main plants in Yuncheng are currently shut down; no quotes available yet. In the northern Shandong region, the ex-plant price of methanol in central and eastern Shandong has increased by 110 yuan, ranging from 1,950 to 2,030 yuan per ton ； Traders in nearby areas such as Dongying and Zibo are quoting prices around 1,930–1,950 yuan per ton; for now, businesses are adopting a wait-and-see attitude, awaiting new prices from various regions. Sales performance of methanol producers in southern Shandong varies; the retail price for companies in this region is generally around 1,940 yuan per ton ； Traders are quoting prices of around 1,930–1,940 yuan per ton for the Linyi area without invoices; demand in the local downstream market is weak due to various factors, resulting in average purchasing activity. The methanol market in Taicang, East China, is operating in a stable manner; some import spot quotes range from 2,060 to 2,070 yuan per ton ； The quotes for products leaving the factories in Changzhou and Jiangyin areas are around 2,080 yuan per ton ； The quoted export price for methanol imported by the major merchants at Nantong Port is around 2,100 yuan per ton ； The major suppliers at Ningbo Port are not providing quotes for methanol at the moment. In the Anhui region, the methanol market is characterized by a wait-and-see attitude; there were few offers on the market at the start of the week, and downstream buyers continued to purchase only as needed. The trading atmosphere in the market was average. The methanol market in the southwest region remained stable; at the beginning of the week, there were few offers on the market, with a cautious attitude prevailing. The main selling price for some enterprises in Sichuan and Chongqing is around 1,850–1,900 yuan per ton ； Affected by the surrounding market conditions, some traders in Sichuan and Chongqing are discussing prices around 1,880–1,950 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 2,100 yuan per ton, while those in Xiamen are around 2,120 yuan per ton. Trading activity is low.