China Coastal Methanol Market to Fluctuate at Highs
From June to mid-November, China’s coastal methanol market kept fluctuating upwards with the prices surging from RMB 1,400-1,600/mt to over RMB 2,200/mt. Afterwards, the high purchase cost resulted in obvious downstream resistance. From last week, a few olefin pants in Jiangsu lowered their operating rates, and some downstream plants sold paper goods. Moreover, the delivered prices of inland cargoes kept slipping. Therefore, the coastal market prices fell back quickly and began to fluctuate at highs.
From October to end-November, the import cost showed an obvious uptrend. The mainstream dealing prices of non-Iranian cargoes rose from a premium of 1.75%-2% to 2%-3% at a formula-basis, and the fixed-prices rose from $252-255/mt to $270-275/mt. Meanwhile, the biding price of cargoes from the Middle East climbed from a premium of 9.2%-9.5% to 11%-11.8%. In addition, the CFR China methanol price spread remained at $55-60/mt. However, with the import prices rising overall, the spread has narrowed gradually.
Please click "Read more" for more information
For more information please contact us at
