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Methanol price trends across China on March 24

2020-03-24View Original

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Methanol price trends across China on March 24. Author/Source: Business Society. Date: 2020-03-24. Clicks: 6. The methanol market in Henan remained stable with minimal fluctuations. The leading enterprises in Henan have not yet provided quotes; suppliers are offering around 1,550 yuan per ton in cash. Buyers are adopting a wait-and-see attitude, with only small orders being closed. The prevailing transaction price in Linfen, Shanxi has dropped by 20–30 yuan per ton, reaching 1430–1450 yuan per ton ex-works in cash ; In the Changzhi area, online sales are at 1,470–1,480 yuan per ton, ex-works in cash ; The prevailing transaction price in the Jincheng area has dropped by 20 yuan per ton, to 1,480 yuan per ton ex-works in cash ; Online sales in the Lüliang region range from 1,420 to 1,430 yuan per ton, ex-works in cash ; The prevailing transaction price in Yuncheng area is 1,650 yuan per ton, ex-plant in cash ; The prevailing transaction price in the Datong area is 1,450 yuan per ton, ex-works in cash. Bids from various companies have been satisfactory, with most of the supply flowing to Shandong and the Two Rivers regions. The negotiated price of methanol in the Dongying area of Shandong remains stable at 1,530–1,540 yuan per ton, ex-warehouse and in cash; no deals have been made yet, and the market continues to decline at a limited pace. In the methanol market in southern Shandong, the quoted price has dropped by 10 yuan per ton, to around 1610 yuan per ton in cash terms; actual prices can be negotiated. In Linyi, the price for locally sourced goods is around 1600 yuan per ton, without invoices, while the price for goods delivered via logistics is around 1540–1550 yuan per ton. The market is volatile, with downstream players waiting to see what happens, while corporate sentiment remains stable for now. Quotations in the methanol market of northern Jiangsu remain stable at around 1,670 yuan per ton in cash terms, with a few slightly higher prices; most downstream buyers are waiting to see what happens, and trading activity in the market is low. Negotiations in the methanol market in the Two Lakes region are declining. Hubei-based companies have lowered their quotes; the actual ex-factory price is around 1600–1640 yuan per ton in cash terms. Prices for supplies from nearby regions range from 1640–1660 yuan per ton in cash terms, and demand for purchases is weak ; For negotiations in the Hunan market, a price of around 1,700–1,720 yuan per ton is considered appropriate, with deals being made for smaller orders. The reference quotes for the methanol market in Anhui region are 1,650–1,680 yuan per ton, ex-plant and subject to acceptance; demand is uneven, transactions in the market are modest, with inquiries being the main activity. Negotiations in the methanol market in Fujian are sluggish; prices in major storage areas are around 1800–1820 yuan per ton, with limited inquiries.

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