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Methanol price trends across China on January 9

2020-01-09View Original

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Methanol price trends across China on January 9 Author/Source: Business Society Date: 2020-01-09 Clicks: 12 Discussions in Henan’s methanol market indicate rising prices. No offers have been submitted by companies at present; referring to previous offers, the price is around 2030 yuan per ton. In the Luoyang market, negotiations have led to a price of around 2070–2080 yuan per ton. Trading in this market is fairly active, with most transactions being for smaller quantities. The methanol market in Shanxi region is showing a steady upward trend. The prevailing transaction price in Linfen remains stable at 1,850–1,870 yuan per ton, ex-works in cash ; The offline price in Changzhi has risen by 30 yuan per ton, reaching 1,900 yuan per ton for cash delivery at the factory ; The prevailing transaction price in Jincheng has risen to 1,930–1,950 yuan per ton, ex-works in cash ; The prevailing transaction price in Lüliang is 1,800 yuan per ton, ex-works in cash ; The current mainstream transaction price in Yuncheng is 1,950 yuan per ton, ex-plant in cash ; Datong: sales suspended at 1,860 yuan per ton. In the Dongying area of Shandong, the negotiated price for methanol is around 2170–2190 yuan per ton ex-warehouse, while in the Zibo area the negotiated price is 2180–2200 yuan per ton ex-warehouse. The market atmosphere is weak, and transactions are limited. The ex-factory prices in the methanol market in southern Shandong remain stable for now, with the mainstream price ranging around 2120–2140 yuan per ton. In Linyi, the price for locally sourced methanol is around 2110–2130 yuan per ton. There are no prices available for methanol delivered via logistics. Companies have low inventory levels and maintain a confident attitude, but transaction activity remains moderate. The ex-plant prices in the methanol market of northern Jiangsu remain stable, with prices around 2,180 yuan per ton. Futures prices have declined, and there are no significant changes in the fundamental factors; as a result, many companies are choosing to wait and observe. The methanol market in Anhui region has seen a slight adjustment, with the prevailing negotiation price in Fuyang at 2200–2210 yuan per ton. Futures prices have tumbled, market sentiment is unstable, with a cautious approach prevailing. The methanol market in the Two Lakes region is operating with slight fluctuations. The quotes from the major companies remain stable, while those from other companies have increased. The reference price is 2130–2220 yuan per ton ex-works in cash terms; the actual delivery price is around 2100–2180 yuan per ton ex-works in cash terms ; The Hunan market is stabilizing, with negotiation prices around 2,300–2,340 yuan per ton. In the Fujian region, there are few discussions regarding the export prices of methanol; the market is in a state of balance between supply and demand. The reference price for exports is 2350–2380 yuan per ton.

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