Last week, the methanol market in East China remained largely stable, with prices showing only slight fluctuations. The mainstream price range was between 2,100 and 2,220 yuan per ton, consistent with the previous week. The controlled production rates across various regions in China helped stabilize the market, while the price of methanol transported from the mainland to East China increased slightly, reaching between 2,100 and 2,170 yuan. This marked a rise of 20 to 70 yuan compared to the prior week.
In Ningbo, the methanol supply remained steady, with prices holding firm at 2,200 to 2,220 yuan per ton. Meanwhile, the port of Jiangsu saw normal trading activity, with the mainstream canister price remaining unchanged at 2,100 to 2,150 yuan.
In South China, the market was also stable, with prices narrowing slightly. Reduced arrivals in the region eased supply pressure, keeping the mainstream market price steady at 2,360 to 2,380 yuan. Domestic methanol arrival costs in the south were around 2,250 to 2,300 yuan, similar to the previous week.
Central China's methanol market showed gradual stability, with prices rising modestly. The mainstream price range was 1,900 to 2,250 yuan, with the lower end increasing by 50 yuan. In Henan, the market started to show signs of recovery, with ex-factory prices rising to 1,850 to 1,950 yuan, up 50 yuan from the previous week. Manufacturers in the two lakes region quoted 1,950 to 2,250 yuan, with some reaching as high as 2,400 yuan, though the actual market price stayed within 1,950 to 2,200 yuan.
In North China, the market atmosphere warmed up slightly, with prices increasing marginally. The mainstream market price ranged from 1,800 to 1,950 yuan, with the lower end up 50 yuan. In Hebei, most methanol plants saw an increase in operating rates, pushing the mainstream factory price to 1,880 to 1,930 yuan, up 30 yuan from the previous week. In Shanxi, some plants still maintained controlled operations, with inventory levels low and prices gradually rising. The mainstream factory price was 1,700 to 1,800 yuan, with the lower end up 50 yuan.
The Northeast market traded steadily, with the mainstream price range remaining at 2,050 to 2,200 yuan, similar to the previous week. Kazakhstan gasification methanol was quoted at 1,900 to 2,050 yuan, matching last week’s prices. Daqing Chemical’s ex-factory price was 1,950 to 2,200 yuan, with the high end dropping 100 yuan from the previous week.
In the Southwest, the market remained relatively stable, with supply still abundant and prices confined to a narrow range. The mainstream market quotation was 1,950 to 2,050 yuan, unchanged from the previous week. Sinopec Sichuan-Weifang and Sichuan Jiangyou’s methanol plants operated normally, ensuring sufficient supply. With increased downstream construction activity, the trading atmosphere remained stable. Major local manufacturers offered prices between 1,700 and 2,000 yuan, while the province’s export price was 1,700 to 1,800 yuan. Local prices in the region were between 1,900 and 2,000 yuan, consistent with the previous week.
Looking ahead, the stabilization of external methanol prices is supportive of domestic market stability. At the same time, domestic methanol production has seen a significant drop due to controlled operations, easing supply pressure. Additionally, the slight rebound in downstream formaldehyde prices and the gradual increase in plant operating rates suggest that demand for methanol will grow, supporting a short-term upward trend in the market, although the pace is expected to remain moderate.
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