Summary Post on the Methanol Market Conditions and Prices in October 2016

Analysis and forecast of domestic methanol price trends on October 8th: http://www.chemcp.com, October 8, 2016. China Chemical Products Network. Domestically, after the holiday, most methanol producers in the northwest region do not have high inventory levels; however, they are already facing demands for exports. Downstream users in the Bohai Sea region will replenish their stocks after the holiday, and imported goods will continue to arrive at the ports during this period. It is likely that downstream users will carry out bulk stock replenishments in the near future. The domestic methanol market is expected to experience only slight fluctuations; short-term price changes may occur from time to time, but the magnitude of such changes will be small. Northwestern region: Parking systems in Inner Mongolia have not yet been restarted. Coupled with the stockpiling activities by olefin plants ahead of the National Day holiday, supply levels will remain limited in the short term; as a result, companies face no pressure to sell their products, and prices remain strong. The Bohai Rim region: Prices vary slightly due to downstream demand-driven restocking; shipments in the Huaihai region are progressing well with a slight increase. Port area: Demand for deliveries downstream is moderate, inventory levels are high, and prices fluctuate depending on changes in futures prices. Forecast: The methanol market is expected to see narrow fluctuations, with slight increases in some areas.

Analysis of methanol price trends on October 8, 2016. http://www.chemcp.com. On October 8, 2016, China Chemical Products Network reported that the prevailing retail prices for enterprises in southern Shandong saw a significant increase of 90 yuan per ton, reaching 1,930–1,940 yuan per ton. Traders quoted a price of around 1,940–1,950 yuan per ton for deliveries to the Linyi area without invoices. There is a limited supply of locally sourced materials, and freight flow is restricted during holidays; downstream buyers obtain goods directly from manufacturers. Methanol producers face no pressure in terms of sales, so prices are on the rise. In the Hebei region, the selling price for enterprises in Shijiazhuang and its surrounding areas is around 1,870–1,890 yuan per ton, while the price for goods sold through trading channels is 1,870–1,900 yuan per ton. There are no prices available for the Wen’an area yet. In Tangshan, the prevailing selling price is around 1,920–1,980 yuan per ton. The market remains stable; local manufacturers generally maintain the prices from before the holiday period, and sales proceed steadily with an emphasis on fulfilling orders placed earlier. In the Henan region, the methanol market saw localized price increases; the prevailing selling prices for local methanol producers stood at around 1,850–1,870 yuan per ton. In the Luoyang region, the prevailing quotes from traders are around 1,800–1,850 yuan per ton. After the holiday, the market remained largely stable, with some manufacturers making purchases as needed; inquiries, however, remained cautious. The methanol market in the southwest region remains stable; the main selling price for manufacturers in Sichuan and Chongqing is around 1,870–1,900 yuan per ton, with most producers adhering to their contracts. In the Sichuan-Chongqing region, the price for major suppliers to deliver goods including taxes is around 2,000–2,100 yuan per ton, with generally modest market transaction volumes. The mainstream selling price of methanol produced from coal and coke oven gas in Heilongjiang is around 1,900–1,950 yuan per ton, with the product being sold mainly in the local area and Jilin. The quotes provided by the main traders in Liaoning range around 2,080–2,130 yuan per ton; demand in the market is weak, resulting in slow sales. Dynamically, the methanol market in the Northeast region saw localized price increases. The major companies in the northwest regions of Shaanxi and Inner Mongolia do not yet have any updated quotes; new prices are expected to be announced early next week. For now, most companies are focusing on fulfilling existing contracts, and their inventory levels are sufficient for the time being. The maintenance work on methanol production facilities operated by Zhongmei Yuanxing, Inner Mongolia Boyuan, Inner Mongolia Rongxin, and others has been completed. They have now returned to normal operation. Next week, the methanol market in the Northwest region is expected to remain relatively stable. The price of methanol at Taicang port in Jiangsu is 2,040–2,055 yuan per ton, subject to negotiation. The mainstream transaction/pricing levels in Nantong are between 2,050 and 2,070 yuan per ton, while in Jiangyin and Changzhou they range from 2,050 to 2,080 yuan per ton. Some quotes for methanol at Ningbo Port are 2,100 yuan per ton, with no deals yet concluded. Dynamic futures are not yet open, and trading activity at ports in East China is low. In Taicang this morning, some transactions took place at around 2,030 yuan per ton, with limited volume of trading. The prevailing price of methanol at ports in Guangdong, South China, is between 2,080 and 2,100 yuan per ton. The methanol market is on the rise; some transactions took place this morning at around 2,080–2,090 yuan per ton, with limited trading activity in the market. In the southern and southeastern parts of Shanxi province, the ex-plant price of methanol from major producers ranges from 1670 to 1770 yuan per ton. The plants in Jincheng are operating stably, with quoted prices at 1770 yuan per ton; as for dynamic spot sales in Linfen, the prices are around 1670 to 1740 yuan per ton. In Changzhi, the standard price is 1750 to 1770 yuan per ton. Market activity has been moderate recently. The prevailing ex-plant acceptance price in Anhui region is 1,890–1,900 yuan per ton. The dynamic methanol market remains stable; major companies are operating normally and are fulfilling their contracts, while shipments by industry players are at normal levels. The ex-plant prices of major companies in Fujian region are 2,150 yuan per ton. There is limited trading in the dynamic methanol market, and the actual transaction prices can be negotiated; sporadic quotes at Quangang and Xiamen ports range from 2,060 to 2,090 yuan per ton. In Hubei region, the mainstream negotiation price ranges from 2,000 to 2,050 yuan per ton; the factory prices are offered by low-end manufacturers, while those offered by traders in Wuhan apply to the high-end products. The prevailing negotiation price in Hunan is between 2,150 and 2,250 yuan per ton; manufacturers have suspended providing quotes, with most quotes coming from traders in Changsha. The methanol market in the dynamic Two Lakes region remains stable.

Methanol quotes as of October 8, 2016: http://www.chemcp.com
October 8, 2016, China Chemical Products Network

| Enterprise/Region | Product Type | Price | Remarks |
|------------------|--------------|-------|---------|
| Shandong Yankuang Group | Industrial-grade methanol | 1,910 | Shipments proceeding normally |
| Heilongjiang Zhongmei Longhua | Industrial-grade methanol | 2,070 | Quoted price |
| Shandong Lianmeng | Industrial-grade methanol | 1,950 | Current quoted price |
| Shandong Mingshui Dahua | Industrial-grade methanol | 1,920 | Cash payment required |
| Heilongjiang Jianlong Steel | Industrial-grade methanol | 2,000 | Factory price |
| Linyi Hengchang (Shandong) | Industrial-grade methanol | 2,010 | Shipments proceeding normally |
| Shandong Xinneng Fenghuang | Industrial-grade methanol | 1,910 | Stable shipments |
| Anhui Linhuan Coking | Industrial-grade methanol | 1,900 | Payment by acceptance; factory price |
| Shanxi Yangquan Fengxi | Industrial-grade methanol | 1,830 | Shipments in acceptable volumes |
| Shaanxi Heimao Coking | Industrial-grade methanol | 1,700 | Quoted price |
| Jiangsu Hengsheng | Industrial-grade methanol | 1,920 | Quoted price |
| Jinshi (Shijiazhuang, Hebei) | Industrial-grade methanol | 1,910 | Quoted price |
| Shaanxi Shenmu Chemical | Industrial-grade methanol | 1,850 | Quoted price |
| Yunnan Yunwei | Methanol | -2,050 | Shipments average |
| Tengzhou Shenglong (Shandong) | Industrial-grade methanol | 1,860 | Factory price |
| Heilongjiang Yidaxin | Industrial-grade methanol | 2,350 | Quoted price |
| Qitaihe Jiwei (Heilongjiang) | Industrial-grade methanol | 2,000 | Quoted price |
| Tangshan Guyu Coal & Coke | Industrial-grade methanol | 1,980 | Current quoted price |
| Shaanxi Shaanjie | Industrial-grade methanol | 1,760 | Payment by acceptance; quoted price |
| Shanxi Anze Yongxin | Industrial-grade methanol | 1,750 | Quoted price |
| Shanxi Coking | Industrial-grade methanol | 1,740 | Quoted price |
| Tangshan Zhongrun (Hebei) | Industrial-grade methanol | 1,980 | Mainly purchased by nearby buyers |
| Shanxi Jiantao Lubao | Industrial-grade methanol | 1,870 | Quoted price |
| Shaanxi Weihe Chemical | Methanol | -1,820 | Quoted price for nearby areas |
| Dingzhou Tianlu New Energy (Hebei) | Industrial-grade methanol | 1,920 | Quoted price |
| Heilongjiang Baotailong Coal | Industrial-grade methanol | 2,450 | Quoted price |
| Shanxi Datuhe Coking | Industrial-grade methanol | 1,760 | Quoted price |
| Zhengyuan Chemical (Hebei) | Industrial-grade methanol | 1,970 | Payment by acceptance; quoted price |
| Sichuan Chuanwei | Industrial-grade methanol | 2,000 | Quoted price |
| Dazhou Iron & Steel (Sichuan) | Methanol | 0 | No quotation available |
| Shaanxi Changqing Energy | Industrial-grade methanol | 1,770 | Factory price |
| Jiutai Energy Inner Mongolia | Methanol | -1,820 | Factory price |
| Jiangsu Yizhou Coal & Coke | Industrial-grade methanol | 1,900 | Quoted price |
| Shanxi Jinfeng | Industrial-grade methanol | 1,800 | High-purity methanol; payment by acceptance; factory price |
| Henan Xinlianxin | Industrial-grade methanol | 1,900 | Quoted price |
| Daqing Oilfield | Industrial-grade methanol | 2,100 | Factory price |
| Binzhou Xintianyang (Shandong) | Methanol | -1,960 | Quoted price |
| Chongqing Wansheng | Methanol | -1,750 | Not currently for external sale |
| Hebi Coal & Electricity (Henan) | Industrial-grade methanol | 1,950 | Quoted price |
| Hunan Yihua | Methanol | 0 | Quoted price remains stable |

Methanol prices as of October 9, 2016: http://www.chemcp.com. According to China Chemical Products Network, the details are as follows: Shandong Yankuang Group’s industrial-grade methanol is priced at 1910 yuan, with normal delivery; Heilongjiang China Coal Longhua’s industrial-grade methanol is priced at 2070 yuan. Shandong Lianmeng’s industrial-grade methanol is priced at 1950 yuan in cash terms, while Shandong Mingshui Dahuahua’s industrial-grade methanol is also priced at 1920 yuan in cash terms. Heilongjiang Jianlong Steel’s industrial-grade methanol has a factory price of 2000 yuan. Shandong Linyi Hengchang’s industrial-grade methanol is priced at 2010 yuan, with normal delivery. Shandong Xinneng Phoenix’s industrial-grade methanol is priced at 1910 yuan, with stable delivery. Anhui Linhuan Coking’s industrial-grade methanol is priced at 1900 yuan, with delivery on credit. Shanxi Yangmei Fengxi’s industrial-grade methanol is priced at 1830 yuan, with decent delivery conditions. Shaanxi Heimaohao Coking’s industrial-grade methanol is priced at 1700 yuan. Jiangsu Hengsheng’s industrial-grade methanol is priced at 1920 yuan. Hebei Shijiazhuang Jinshi’s industrial-grade methanol is priced at 1910 yuan. Shaanxi Shenmu Chemical’s industrial-grade methanol is priced at 1850 yuan. Yunnan Yunwei’s methanol is priced at 2050 yuan, with average delivery conditions. Shandong Tengzhou Shenglong’s industrial-grade methanol is priced at 1860 yuan, with a factory price. Heilongjiang Yidaxin’s industrial-grade methanol is priced at 2350 yuan. Heilongjiang Qitaihe Jiwei’s industrial-grade methanol is priced at 2000 yuan. Tangshan Guyu Coal Coking’s industrial-grade methanol is priced at 1980 yuan in cash terms. Shaanxi Shanjiao’s industrial-grade methanol is priced at 1760 yuan, with delivery on credit. Shanxi Anze Yongxin’s industrial-grade methanol is priced at 1750 yuan. Shanxi Coking’s industrial-grade methanol is priced at 1740 yuan. Hebei Tangshan Zhongrun’s industrial-grade methanol is priced at 1980 yuan, with mainstream acceptance in the surrounding area. Shanxi Jiantao Lubao’s industrial-grade methanol is priced at 1870 yuan. Shaanxi Weihe Chemical’s methanol is priced at 1820 yuan, according to local prices. Hebei Dingzhou Tianlu New Energy’s industrial-grade methanol is priced at 1920 yuan. Heilongjiang Baotailong Coal Methanol’s industrial-grade methanol is priced at 2450 yuan. Shanxi Datuhe Coking’s industrial-grade methanol is priced at 1760 yuan. Hebei Zhengyuan Chemical’s industrial-grade methanol is priced at 1970 yuan, with delivery on credit. Sichuan Chuanwei’s industrial-grade methanol is priced at 2000 yuan. Sichuan Dazhou Steel’s industrial-grade methanol has no price listed. Shaanxi Changqing Energy’s industrial-grade methanol is priced at 1770 yuan, with factory delivery. Jutai Energy’s industrial-grade methanol in Inner Mongolia is priced at 1820 yuan, with factory delivery

Analysis of methanol price trends on October 9, 2016: http://www.chemcp.com. As of October 9, 2016, according to China Chemical Products Network, the average ex-factory prices in central and eastern Shandong rose by 20 yuan per ton, reaching 1920–1950 yuan per ton; some prices were slightly lower. Traders in Zibo, Dongying and surrounding areas offered prices around 2050 yuan per ton, while some transactions were made at around 2020 yuan per ton. Dynamic enterprises are seeing decent shipment volumes; there is a strong tendency among suppliers to raise prices, and most traders face supply shortages, keeping prices firm. The price of methanol at Taicang port in Jiangsu is 2090–2100 yuan per ton, subject to negotiation. The mainstream transaction/offer prices in Nantong are 2120–2130 yuan per ton, while in Jiangyin and Changzhou they are 2120–2150 yuan per ton. The prevailing price of methanol at Ningbo Port is 2,200 yuan per ton, with limited trading volume. Dynamic futures are not yet open, and trading at ports in East China is limited. In Taicang this morning, some transactions took place at around 2095 yuan per ton, with little overall trading activity. The prevailing price of methanol at ports in Guangdong, South China, is between 2130 and 2150 yuan per ton. The methanol market is on the rise; some transactions this morning took place at around 2120-2140 yuan per ton, with limited trading activity in the market. The ex-plant prices of major enterprises in Fujian are 2,150 yuan per ton. There is limited trading in the dynamic methanol market, and the actual transaction price can be negotiated; sporadic quotes at Quangang and Xiamen ports are 2,100 yuan per ton. The ex-plant prices of major methanol producers in the southern and southeastern parts of Shanxi Province range from 1,730 to 1,850 yuan per ton. The plant in Jincheng is operating stably, with quoted prices at 1,770 yuan per ton. The current spot price for shipments from Linfen is around 1,730–1,850 yuan per ton; no price has been announced yet for Changzhi. Market activity remains satisfactory at present. In the Hebei region, prices for shipments from enterprises in Shijiazhuang and its surroundings are around 1,870–1,890 yuan per ton; for trade shipments, the price range is 1,870–1,900 yuan per ton. There are currently no quotes available for the Wen’an area. In Tangshan, the prevailing shipment prices are approximately 1,920–1,980 yuan per ton. Market transactions remain moderate. Some manufacturers of dynamic products have started to limit shipments; a price hike is expected tomorrow. In the Hubei region, the prevailing negotiation price ranges from 2,050 to 2,150 yuan per ton; the factory prices are offered by major manufacturers at the lower end, while traders in Wuhan provide prices for the higher-end products. In Hunan region, the prevailing negotiation range is 2,250–2,300 yuan per ton. Manufacturers have suspended quoting; most quotes are provided by traders in Changsha. The methanol market in the dynamic Two Lakes region is rising. In the Anhui region, the prevailing price for delivering methanol is between 2,000 and 2,020 yuan per ton. With the rising price of methanol in the market, major companies are operating normally and fulfilling their contracts; overall, shipments by industry players remain at a normal level. The methanol market in Henan region has seen a slight increase; the prevailing selling price for methanol by local manufacturers is around 1,870–1,900 yuan per ton. The prevailing quotes from traders in the Luoyang area are around 1,880–1,900 yuan per ton. Market shipments are currently feasible, and demand from downstream buyers is satisfactory; rising prices in surrounding markets have driven a significant increase in prices here as well. The methanol market in the southwest region is on the rise; the main selling price for manufacturers in Sichuan and Chongqing is around 1,920–1,980 yuan per ton, with most manufacturers adhering to their contracts. The price for major suppliers in the Sichuan-Chongqing region to deliver goods including taxes is around 2,050–2,100 yuan per ton. Market transactions are moderate, and shipments from this region have been good recently, with low inventory levels. In October, there were many maintenance activities at manufacturers’ facilities, yet the market remained strong. In the northern Jiangsu region, prices rose by 40 yuan per ton. The dynamic methanol market continues to trend upward, with prices ranging between 2,030 and 2,050 yuan per ton. Major producers are maintaining stable operations; most of their shipments go to contract customers. Recently, these manufacturers have been enjoying good sales performance. The major companies in the northwest regions of Shaanxi and Inner Mongolia do not yet have any updated quotes. New prices for methanol are likely to be announced tomorrow. For now, most companies are focusing on fulfilling the contracts they have already signed, and their inventory levels are currently sufficient. The methanol production facilities of Dynamic China Coal Yuanxing, Inner Mongolia Boyuan, and Inner Mongolia Rongxin have completed their maintenance work and are now back to normal operation. However, sales in markets such as Hebei and Shandong remain limited, and prices have risen significantly. With this support, the methanol market in the northwest is likely to remain relatively strong next week.

I produce 500 tons of CH3-OH IMDG CLASS 3 per month – who’s interested?

Analysis and forecast of domestic methanol price trends on October 10 http://www.chemcp.com October 10, 2016, China Chemical Products Network. Domestically, most methanol producers in the northwest region have resumed normal shipments, but inventory levels remain low. Replenishment by downstream users in the Bohai Sea region has largely come to an end; imported goods may continue to arrive at ports, while concentrated purchases by downstream users are likely to have ceased. The domestic methanol market is expected to experience only slight fluctuations, with occasional short-term rises and falls that may occur frequently in certain areas. Northwest region: The production facilities in this area are either shut down or not yet restarted. Coupled with the steady demand from olefin production units, supply will remain limited in the short term; as a result, companies face no pressure to sell their products, and prices are likely to continue rising. Bohai Rim region: Rising steadily driven by replenishments from downstream areas ； Shipments in the Huaihai region were strong, showing a significant increase. Port area: Recently, fewer imported goods have arrived at the ports, resulting in a shortage of goods available for replenishment and circulation; as a result, prices have risen sharply. Today’s futures opening price will serve as a guide for spot prices. Outlook: The domestic methanol market may continue to see price increases.

Methanol quotes as of October 10, 2016: http://www.chemcp.com October 10, 2016. China Chemical Products Network. Company/Region, Type, Price, Remarks. Shanxi Coking: Industrial-grade methanol – no quote available. Hebei Jinniu Xuyang: Methanol – ex-factory price of -1930. Shanxi Datuhe Coking: Industrial-grade methanol – quoted at 1780. Hebei Zhengyuan Chemical: Industrial-grade methanol – cash payment price of 1970. Chongqing Wansheng: Methanol – -1750; not currently for external sale. Sichuan Dazhou Iron & Steel: Industrial-grade methanol – no quote available. Shandong Mingshui Dahua: Industrial-grade methanol – cash price of 1930. Sichuan Chuanwei: Industrial-grade methanol – quoted at 2100. Guizhou Jinchi Chemical: Industrial-grade methanol – quoted at 2180. Shandong Yankuang Group: Industrial-grade methanol – price of 1980; shipments proceeding normally. Shandong Tengzhou Shenglong: Industrial-grade methanol – ex-factory price of 1990. Anhui Haoyuan: Industrial-grade methanol – cash payment price of 2050. Shandong Xineng Fenghuang: Industrial-grade methanol – stable shipments at a price of 2040. Tangshan Guyu Coal & Coking: Industrial-grade methanol – cash price of 2040. Jiangsu Hengsheng: Industrial-grade methanol – quoted at 2050. Heilongjiang Jianlong Iron & Steel: Industrial-grade methanol – ex-factory price of 2000. Heilongjiang Baotailong Coal: Industrial-grade methanol – quoted at 2450. Shanghai Coking: Methanol – ex-factory price of -2200. Shandong Linyi Hengchang: Industrial-grade methanol – price of 2020; shipments proceeding normally. Yunnan Yunwei: Methanol – -2100; moderate level of shipments. Henan Hebi Coal & Electricity: Industrial-grade methanol – quoted at 1900. Anhui Linhuan Coking: Industrial-grade methanol – cash payment price of 2040. Shanxi Jiantao Wanxinda: Industrial-grade methanol – quoted at 1900. Hubei Sanning: Industrial-grade methanol – price of 2050; some products are used for internal purposes. Hunan Yihua: Industrial-grade methanol – no quote available; prices remain stable. Shanxi Jinfeng: Industrial-grade methanol – cash payment price of 1770 for refined methanol. Cangzhou China Railway Coking: Industrial-grade methanol – ex-factory price of 1970. Shandong Binzhou Xintianyang: Methanol – quoted at -2030. Hebei Shijiazhuang Jinshi: Industrial-grade methanol – quoted at 1910. Daqing Oilfield: Industrial-grade methanol – ex-factory price of 2350. Heilongjiang China National Coal Longhua: Industrial-grade methanol – quoted at 2090. Shanxi Yangquan Coal Industry Fengxi: Industrial-grade methanol – shipments proceeding fairly well at a price of 1880. Heilongjiang Yidaxin: Industrial-grade methanol – quoted at 2350. Heilongjiang Qitaihe Jiwei: Industrial-grade methanol – quoted at 2100. Henan Xinlienxin: Industrial-grade methanol – quoted at 1900

Analysis of methanol price trends on October 10, 2016: http://www.chemcp.com On October 10, 2016, China Chemical Products Network reported that the prevailing ex-factory prices in central and eastern Shandong rose by 40 yuan per ton to around 1,980 yuan per ton. The typical quotes from traders in Zibo, Dongying, and surrounding areas were around 2,070 yuan per ton; some transactions were conducted at approximately 2,050 yuan per ton. Dynamic majority of traders face supply shortages; company shipments are decent, and prices remain high. The mainstream retail prices for enterprises in southern Shandong continued to rise by 50 yuan per ton, reaching 2030–2040 yuan per ton. Traders are offering a price of around 2030 yuan per ton for deliveries to the Linyi area without invoices. There are few dynamic external supply sources; downstream companies mainly obtain goods from manufacturers. The sudden shutdowns of key manufacturers have led to a reduction in supply, while most enterprises are able to maintain their shipment levels; prices continue to rise. In Shaanxi and Inner Mongolia, the price of methanol as determined by the local associations is 120 yuan per ton higher on the northern route, reaching 1,950 yuan per ton, while it is 120 yuan per ton higher on the southern route, reaching 1,980 yuan per ton. Prices in regions such as Shandong rose significantly on a dynamic basis; coupled with the shutdowns for maintenance of some methanol production facilities in those areas, the market saw a substantial overall increase. The actual transaction prices for individual companies will need to be monitored further, and the latest methanol prices for these companies are likely to be announced from this afternoon until tomorrow. In the Xianyang area of the Guanzhong region in Shaanxi, prices have been raised for the second time by 120 yuan per ton; currently, goods are being sold at 2,000 yuan per ton on a deferred payment basis. The specific pricing offered by each manufacturer is still being monitored. The price set by the Northwest Association is 1,950 yuan per ton for the northern route, and 1,980 yuan per ton for the southern route. The price of methanol at Taicang port in Jiangsu is 2110–2115 yuan per ton, subject to negotiation. The mainstream transaction/offer prices in Nantong are 2140–2160 yuan per ton, while in Jiangyin and Changzhou they are 2150–2170 yuan per ton. The current market price of methanol at Ningbo Port is 2,230 yuan per ton, with no transactions yet recorded. Dynamic futures prices rose before falling; trading at East China ports was moderate, with some transactions in Taicang in the morning at around 2110–2120 yuan per ton. The prevailing price of methanol at ports in Guangdong, South China, is between 2160 and 2180 yuan per ton. The methanol market is on the rise; some transactions took place this morning at around 2160-2170 yuan per ton, with limited trading activity in the market. In the southern and southeastern parts of Shanxi Province, the ex-factory prices of major methanol producers range from 1,850 to 1,900 yuan per ton. The facilities in Jincheng are operating stably, and there are no latest quotes available at present. The current spot price for shipments from Linfen is around 1,830–1,900 yuan per ton, while the standard price for shipments from Changzhi is 1,900–1,920 yuan per ton. Market activity remains satisfactory at present. In the Anhui region, the prevailing price for delivering methanol on credit ranges from 2,000 to 2,030 yuan per ton. The methanol market remains stable, major companies are operating normally and adhering to their contracts, while shipments by industry players are at normal levels. The export price for enterprises in Shijiazhuang and its surrounding areas in Hebei Province is around 1,910–1,940 yuan per ton, while the price for goods sold through trade is between 1,930–1,970 yuan per ton. There are no current quotes available for the Wen’an area. In Tangshan, the standard export price is around 1,920–1,980 yuan per ton. The methanol market is seeing upward trends currently, with manufacturers clearly inclined to raise prices; an increase is expected to continue tomorrow. In Hubei region, the prevailing negotiation price is 2,100–2,200 yuan per ton; the factory prices come from low-end manufacturers, while those offered by traders in Wuhan apply to higher-end products. The prevailing negotiation price in Hunan is between 2,250 and 2,350 yuan per ton; manufacturers have suspended providing quotes, with most prices coming from traders in Changsha. The methanol market in the dynamic Two Lakes region saw partial increases. The methanol market in Henan region has seen partial price increases, with local methanol producers selling their product at around 1,930–1,970 yuan per ton. The mainstream quotes from traders in Luoyang are around 2,000 yuan per ton. Manufacturers are able to supply goods at the moment, and there is some demand from downstream buyers; coupled with the sharp rise in prices in surrounding areas, this helps to keep market prices stable. The methanol market in the southwest region is on the rise; the main selling price for manufacturers in Sichuan and Chongqing is around 1,920–1,980 yuan per ton, with most manufacturers adhering to their contracts. The price for major suppliers in Sichuan and Chongqing to deliver goods including taxes is around 2100–2120 yuan per ton. Market transactions are moderate, and shipments from this region have been good recently, resulting in low inventory levels. In October, there were many maintenance activities at manufacturers’ facilities, yet the market remained strong.

Analysis and forecast of domestic methanol price trends on October 11 http://www.chemcp.com October 11, 2016, China Chemical Products Network. Domestically, most methanol producers in the northwest have resumed normal shipments, but inventory levels remain low. The demand from downstream industries for replenishments has prompted manufacturers to raise prices. Imports via ports continue to arrive, yet the strong demand from downstream sectors means that international oil prices rose again overnight; therefore, there is still potential for price increases in the short term. Northwest region: Upstream companies have numerous plant maintenance activities, resulting in low inventory levels; sales are now limited and prices have risen sharply. Bohai Rim region: Due to active replenishment downstream, rising prices in surrounding markets, and unexpected maintenance by major manufacturers, there is a shortage of supply in the overall market, leading to price increases in this region. Port area: Driven by rising futures prices, active replenishment by downstream users, and the low level of goods available for circulation, the overall market saw upward pressure. Forecast: The domestic methanol market is expected to continue rising.