Chinese imported methanol prices have steadily declined from highs of $308/mt CFR in March to $250/mt CFR for August as ongoing US-China trade tensions have resulted in languid downstream petrochemical prices. In recent years, the use of methanol in the production of olefins or methanol-to-olefins … As well as the daily CFR China methanol assessment, Platts assesses the daily CFR Southeast Asia ($/mt) spot methanol reflecting cargoes for delivery 20-40 days forward from the date of publication, with cargo size within 2,000-5,000 mt. See a … An email confirming your password has been sent. The CFR China methanol price discount to CFR Southeast Asia has hit a21-month high of $41/mt, Platts data showed Thursday, amid plentiful suppliesin China and tightness in Southeast Asia. CFR China was assessed at $362/mt on Wednesday, flat from Tuesday amidthin discussions. Singapore (Platts)--8 Sep 2017 438 am EDT/838 GMT Sabic procured 45,000 mt of CFR China… Web Team September 8, 2017. Methanol:CFR China Price Spread Expands. It’s free and easy to do. In terms of positive factors, US-denominated methanol price surged, driving up China domestic market. Chinas methanol market has seen a period of high volatility in recent weeks with a surge in the CFR China methanol price to seven-month highs, driven by concerns over Iran supply restrictions, quickly followed by plunging prices on macroeconomic concerns. Relevant information. Meanwhile, an Indonesian source noted that demand there was strongbecause of lower crude palm oil prices, which were motivating biodieselproducers to increase production and order more methanol feedstock. Please use the button below and we will bring you back here when complete. On June 12, 2018, the CFR China methanol price was at $402/mt and on June 12, 2019, at $262/mt, Platts data showed. The MMSA data is also available in excel form via the link below. On October 13, the ICIS China... ICIS is part of the LexisNexis® Risk Solutions Group portfolio of brands. Chemicals. -China Domestic 1914-1916(-33) yuan(LC at Sight). If you are a premium subscriber, we are unable to send you a link to reset password for security reasons. Chinese imported methanol prices have steadily declined from highs of $308/mt CFR in March to $250/mt CFR for August as ongoing US-China trade tensions have resulted in languid downstream petrochemical prices. Aromatics Benzene FOB Korea Expand Graph: Select Period: Weekly CFR China Prices - 30 Dec 2020; Product Price (USD/MT) Change (USD/MT) 1 Month ago 3 Months ago 6 Months ago 12 … A cargo headed to Indonesia would likely go to Dumai, "but it's toofar," he said, as the extra freight would not make the trade as attractive. CFR SEA was assessed at $402/mt Wednesday, up $2/mt. Last Friday, CFR Korea methanol was assessed at a $7/mt premium to CFR China, while CFR Taiwan was assessed $5/mt higher. In India, Methanol prices went down slightly due to ample availability in the region and were marked at US$ 315-320/ton CFR India. The CFR China methanol price has risen 11% since the start of this month to be assessed at $382/mt Tuesday, just short of a three-year high, S&P Global Platts data showed. Downstream buyers made active purchases and thus, import prices kept rising. The Methanol market price reports are covered weekly in Asia, China, Europe and the US and daily in Asia. The buyer said a reasonable CFR Taiwan price would be around $390-395/mt, $5-10/mt higher than CFR China offers. We expect the 2019 methanol price to drop to around US$265/ton CFR China. Recent tenders for Iranian spot cargoes have concluded at 10-12% premiums to CFR China formula prices, putting prices of Iranian methanol on par with Middle East spot cargoes, which were heard discussed at around $285/mt in the week starting Nov. 23. The spread between the CFR Korea and CFR China methanol prices could more than double this year because of imposition of sanctions against Iran, which is making South Korean imports more expensive, market sources said Tuesday. Follow us on twitter @petrotahlil . The rally was driven by exceptionally tight supply from the Middle East, as well as expected demand from several methanol-to-olefin plants, according to industry sources. Then on Wednesday, buying interest roseto $405/mt. Market analysts spotted Methanol prices in the range of US$ 370-375/ton FOB Korea. The report also includes market commentaries such as hot topics and changes in government policies, as well as plant production statuses and weekly inventory levels, to help industry players understand the drivers of the price movements and changes in this market. Chinese import prices were last seen above the $300/tonne CFR China mark from December 2016 to mid-April 2017, the data showed. CFR China was assessed at $362/mt on Wednesday, flat from Tuesday amidthin discussions. Methanol is primarily used to produce formaldehyde, methyl tertiary butyl ether (MTBE) and acetic acid, with smaller amounts going into the manufacture of DMT, MMA, chloromethanes, methylamines, glycol methyl ethers and fuels. A firm bid for a more prompt cargo, for delivery at the end of May, was heard at $360/mt. energy prices. Receive daily email alerts, subscriber notes & personalize your experience. Quality specifications are minimum purity of 99.85%; maximum water content of 0.1% by total weight; maximum ethanol content of 50 parts per million (ppm). On Tuesday, CFR China offers were heard at $365/mt, against buying indications of $355/mt and above. Our ICIS Asia methanol pricing reports include spot assessments for the following: CFR (cost & freight) China; Ex-tank domestic China (east and south China) FOB (free on board) China; CFR Taiwan ; CFR Korea; CFR Southeast Asia; CFR West Coast India; Find out more about our ICIS price assessments for Asia’s methanol market. The buyer said a reasonable CFR Taiwan price would be around $390-395/mt, $5-10/mt higher than CFR China offers. In northern China, prices largely fluctuated within a narrow range. In Korea, Methanol prices were steady. PRINT. Intratec provides Methanol pricing data, covering 13 years of historical prices and forecasts. Recently, China domestic methanol market continued to rise, some manufacturers increased the ex-factory quotation, the price adjustment range was about 50-80 RMB/ ton. Global Methanol Prices Up amid Bullish Fundamentals; Weekly Summary:China’s Coastal Methanol Prices Fluctuated Upwards (Oct 30 – Nov 5) November China Methanol Market Price to … "In the past, 35-40% [was normal]. .. China Chemical Market Intelligence Solution, VIDEO: China methanol hit new high on bullish domestic, Sellers were less inclined to move cargoes, considering continued increases in methanol futures, persistently tight spot supply at ports and expectations about the start-up of two olefins plants in China’s coastal regions. The SGX Platts Methanol CFR China Swap and the SGX Platts Methanol CFR China Futures will both be listed with 12 consecutive contract months, starting from 24 February 2020. ICIS publishes weekly pricing information for China’s volatile methanol markets. Methanol is used predominantly as feedstock for olefins and formaldehyde production, as well as in direct fuel blending. The COVID-19 pandemic hit many industries hard in 2020, including automotives. Market players have a bearish outlook on the methanol market for the rest of the year, with additional domestic capacities starting up in China, and the possibility of fresh supply coming from Iran. Insight and analysis of factors driving prices. The new contracts are cash settled in reference to the S&P Global Platts daily price assessment for methanol. The service combines fully reconciled supply/demand, trade, capacity and ownership data to give you multiple views of the market from a global, regional or country-specific perspective. Two spot methanol fixtures were done early this week above $300/tonne CFR (cost and freight) China – one at $301/tonne CFR China and the other at $309/tonne CFR China. Historically, Ethanol reached an all time high of 4.33 in June of 2006. The SGX Platts Methanol CFR China Swap and the SGX Platts Methanol CFR China Futures will both be listed with 12 consecutive contract months, starting from 24 February 2020. Access latest oil news and analysis, conferences and events. Subscriber Notes can be received by Commodity Region, and Note Type. The rally was driven by exceptionally tight supply from the Middle East, as well as expected demand from several methanol-to-olefin plants, according to industry sources. Methanol price range bound in Taicang in the morning: Dec 31 2020 12:17PM : May contract for methanol futures opens 14 higher: Dec 31 2020 9:53AM : Petrochemical market morning express (Dec 31, 2020) Dec 31 2020 8:16AM : Methanol market daily (Dec 30, 2020) Dec 30 2020 5:01PM : Market Price. The average operating rate of international methanol plants has been hovering low, at around 60-65% since September. 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