Last week, the methanol market in East China remained largely stable, with prices showing minimal fluctuations. The main price range was between 2,100 and 2,220 yuan per ton, similar to the previous week. The controlled operating rates of methanol plants across different regions helped stabilize the market. Meanwhile, the price of methanol from the mainland to East China rose slightly, reaching 2,100 to 2,170 yuan, an increase of 20 to 70 yuan compared to the prior week.
In Ningbo, the methanol supply remained steady, and prices stayed relatively unchanged, with the mainstream canister price at 2,200 to 2,220 yuan. At Jiangsu Port, trading activity was normal, and the main canister price remained at 2,100 to 2,150 yuan, consistent with the previous week.
In South China, the market showed stability with a narrowing price range. Reduced arrivals in recent weeks eased supply pressure, keeping the mainstream market price steady at 2,360 to 2,380 yuan. Domestic methanol arrival costs in the region were around 2,250 to 2,300 yuan, roughly the same as the previous week.
Central China’s methanol market remained relatively stable, with gradual price increases. The mainstream price range was 1,900 to 2,250 yuan, with the lower end rising by 50 yuan. In Henan, the market started to pick up, with ex-factory prices rising to 1,850 to 1,950 yuan, up 50 yuan from the previous week. Manufacturers in the two lakes area quoted 1,950 to 2,250 yuan, with some reaching as high as 2,400 yuan, but the actual market price settled between 1,950 and 2,200 yuan.
In North China, the market atmosphere gradually warmed up, with slight price increases. The mainstream market price ranged from 1,800 to 1,950 yuan, with the lower end up by 50 yuan. In Hebei, most methanol plants increased their operating rates, leading to a rise in the mainstream factory price to 1,880 to 1,930 yuan, up 30 yuan from the previous week. In Shanxi, some plants maintained controlled operations, and inventory levels were low, resulting in a slight price increase. The current mainstream factory price stood at 1,700 to 1,800 yuan, with the lower end up 50 yuan.
The Northeast market traded steadily, with the mainstream price range remaining between 2,050 and 2,200 yuan, similar to the previous week. Kazakhstan gasification methanol was priced at 1,900 to 2,050 yuan (with the lower end for customs and higher for local), matching last week's quotes. Daqing Chemical’s ex-factory price was 1,950 to 2,200 yuan, with the higher end down 100 yuan from the previous week.
In Southwest China, the market remained stable, with abundant supply and prices confined within a narrow band. 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 1,700 to 2,000 yuan, while the province’s export price was 1,700 to 1,800 yuan. Local prices in the region remained steady at 1,900 to 2,000 yuan.
Looking ahead, current external methanol prices have stabilized, which is beneficial for domestic market stability. Domestically, methanol production has decreased due to continuous plant shutdowns, easing supply pressure. Additionally, downstream formaldehyde prices have slightly rebounded, and plant operating rates are gradually increasing. As demand for methanol rises, this could support a modest upward trend in the short term, although the pace will likely remain moderate.
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