methanol price cfr china

The report gives you access to the latest import CFR China main ports and domestic ex-tank prices for a more reflective view of the market. The buyer in Taiwan said he was willing to buy, but was unable to find a vessel. This chart compares global methanol pricing in key regional markets (United States Gulf Coast, Rotterdam, Coastal China) on a spot and contract (posting before discounts) basis. The source said freight for a 5,000 mt cargo from China to Singaporewould be around $25/mt, while freight for the same cargo from China to thePhilippines would be $30/mt. 1 plant at the same location isoperating at 90% of capacity. Independent price assessments and market coverage by region, More information about the historical price data we publish on Methanol Relevant information. At this price, some MTO producers can survive. Methanol prices in southeast Asia were assessed stable in the week ended 22 March at $315-320/tonne on CFR (cost & freight) basis, according to ICIS data. This could present some upside in CFR Korea prices for July, they added. -China Domestic 1914-1916(-33) yuan(LC at Sight). PRINT. If you have any questions or concerns please contact support@platts.com or click here, Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center. In Korea, Methanol prices were steady. The COVID-19 pandemic hit many industries hard in 2020, including automotives. CFR China methanol prices at $254/mt are back to levels seen in January and are around 20% higher than in November last year, rebounding from an 11-year low of $152/mt in June, S&P Global Platts data showed. With oil prices supported they are viewed as operating at a profitable level, plus there is an expected start-up of a Chinese MTO plant in April. CFR SEA was assessed at $402/mt Wednesday, up $2/mt. A buyer was in the market in the past week looking for a 3,000 mt cargoarriving May 15-20 at around $400/mt. A Methanol producer contracted with an MTO plant to sell 5kt per month of Methanol in Q3 2019 based on the monthly average of Methanol CFR China prices. "Quite a good deal, but I don't think anyone will have" a cargo, said atrader, who added that he heard of two market players each bringing 5,000 mtof methanol from China to Southeast Asia. The fall in CFR China prices have raised concerns among traders, with one saying he would not participate in the latest sell tender issued by Kharg for 9,500 mt of methanol. Indonesia's Kaltim Methanol Industri will shut its 660,000 mt/yearmethanol plant at Bontang in November for its annual turnaround. 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. 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 … Over the same period, methanol prices on CFR China basis rose by $1/tonne at the upper end of the range to $287-315/tonne while prices were down by $3/tonne at the low end of the assessment, the data showed. overseas markets, November IPEX up 11% on soaring prices in Asia, China petrochemical markets gain in active post-holiday trade, Please find more information on the cookies used on our site here, Weekly prices – import, domestic and historical, Latest news, hot topics and market commentary, Petrochemical analytics – Live Supply Disruption Tracker, Price Drivers Analytics, Supply and Demand Outlooks, Monitor price trends in China and benchmark your contract settlements, Gain a complete view of China’s prices and trading activity, Manage portfolio expenses, conduct profit and loss (P&L) analysis, Inform your future trading strategies in and out of China. .. With increasing methanol supply in the Middle East, the US and China, and the slow demand growth from MTO units, methanol prices will lack … In northern China, prices largely fluctuated within a narrow range. 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. 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. The CFR China methanol price rose $13/mt week on week last Friday to be assessed at $353/mt. It runs from October 2017 to October 2020. Intratec provides Methanol pricing data, covering 13 years of historical prices and forecasts. Subscriber Notes can be received by Commodity Region, and Note Type. Methanex posts regional contract methanol prices for Asia Pacific (Nov 1-30, 2020). Under current prices, a Chinese buyer would pay significantly more foran imported cargo than a domestic one. Singapore (Platts)--8 Sep 2017 438 am EDT/838 GMT Sabic procured 45,000 mt of CFR China… Web Team September 8, 2017. The U.S. Gulf methanol closed at 117.75-118.25 Cents/ Gallon; FOB Rotterdam methanol closed at 344.00-345.00 Euro / ton, up 2 Euro / ton. News Categories. You can control cookies through your browser settings. The domestic price in East China was said to be Yuan 2,780/mt or about $360/mt on an import parity basis, a trader said. Please use the button below and we will bring you back here when complete. Enter your Email ID below and we will send you a link to reset your password. Receive daily email alerts, subscriber notes & personalize your experience. Southeast Asia has three major methanol producers. "In the past, 35-40% [was normal]. China’s import methanol prices remained on an upward path in the fourth quarter. Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach. Access latest agriculture news and analysis, conferences and events. Please note: Price sheets are updated at the end of each month and posting time may be delayed The Power of Agility® Methanex Corporation is the world’s largest producer and supplier of methanol to major international markets in North America, Asia Pacific, Europe and South America. 1 2 3 Next. Receive daily email alerts, subscriber notes & personalize your experience. The plantpreviously shut December 31 due to a technical problem, then restartedJanuary 1. Methanol is used predominantly as feedstock for olefins and formaldehyde production, as well as in direct fuel blending. We expect the 2019 methanol price to drop to around US$265/ton CFR China. Lastyear, it was high, around 50-60%.". As well as the daily CFR China methanol assessment, Platts assesses the daily CFR Southeast Asia ($/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. On June 12, 2018, the CFR China methanol price was at $402/mt and on June 12, 2019, at $262/mt, Platts data showed. Aviation Fuel; … Domestic prices was heard at Yuan 2,620/mt or $332.45/mt on an importparity basis on Wednesday, down Yuan 10/mt from Tuesday. END . It’s free and easy to do. Methanol is primarily used to produce formaldehyde, methyl tertiary butyl ether (MTBE) and acetic acid, with smaller amounts going into the manufacture of DMT, MMA, chloromethanes, methylamines, glycol methyl ethers and fuels. New and Discontinued Price Symbol Alerts are issued when we launch new assessments and announce discontinued assessments. Prices were spotted at US$ 365/ton CFR China. China Methanol Methanol Market. SGX launched world's first CFR China methanol swap/futures contracts on February 24 to better meet market demand for suitable price-discovery and risk-management tools to hedge methanol price exposures, Prajogo said. You can also export data to Excel via the ICIS dashboard service. Published and derived by our local industry experts, our on-the-ground price reporting, insights and data analytics solutions provide the following: Domestic methanol prices saw continued gains in the fourth quarter. PRINT. China domestic methanol market is rising, and some manufacturers raised the ex-factory quotations by 50-80 RMB/ ton. If you are a premium subscriber, we are unable to send you a link to reset password for security reasons. 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. 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 discount last reached $41/mt on July 12, 2011. Market analysts spotted Methanol prices in the range of US$ 370-375/ton FOB Korea. In South Korea, shore tank stock levels were heard to be tight as vessels saw delays at Chinese ports, before heading to South Korea, said trade sources. Methanol (), auch Methylalkohol (veraltet Holzgeist oder Holzalkohol), ist eine organisch-chemische Verbindung mit der Summenformel CH 4 O (Halbstrukturformel: CH 3 OH) und der einfachste Vertreter aus der Stoffgruppe der Alkohole.Unter Normalbedingungen ist Methanol eine klare, farblose, entzündliche und leicht flüchtige Flüssigkeit mit alkoholischem Geruch. Trade sources estimated 50,000-60,000 … 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 1.7 million mt/year plant was shut last week due to "a trip,"a source said earlier without elaborating further. Subscribers to our Commodity Price Database have access to Methanol and as many as 217 other commodities prices across several countries from main world regions. 2methanol plant in Labuan at 80% of its production capacity after restartingmid-April. 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. Insight and analysis of factors driving prices. Asian methanol prices are expected to come under heavy downward pressure in April after a ramp up in production in Southeast Asia and an influx of Iranian-origin cargoes, trading sources said Wednesday.. Enquire about the supply and demand database. Register Now. China CFR methanol prices for August have fallen 35% on the year and 5.6% on the month to $250/mt CFR, S&P Global Platts data showed. prices Domestic prices Methanol futures Inventory levels Local material availability Crude oil and global factors Key drivers for day-to-day spot prices: Methanol futures Chinese domestic prices Key drivers for long-term price trend Supply Demand 0.93 0.69 0.61 0.54-0.60 0.39 Key factors in monitoring spot CFR China prices Methanol CFR China current prices reported at USD 380 – 395 PMT. We expect the 2019 methanol price to drop to around US$265/ton CFR China. ICIS publishes weekly pricing information for China’s volatile methanol markets. 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. According to the monitoring data of SunSirs, as of December 15, the average price of methanol producers in Shandong was 2,210 RMB/ ton, with the price rising by 4.12% on a month on month basis and 4.25% on a year-on-year basis. ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Methanol. Around 50-60 %. `` might behard to find a buyer was in the week ending 2... Trade sources estimated 50,000-60,000 … intratec provides methanol pricing data, covering 13 years of historical and. Tue, 22 Dec 2020 10:35 $ 5-10/mt higher than CFR China was assessed at $,... There require smaller vessels $ 400/mt domestic one ] I would like to receive S P. 50-60 %. `` many industries hard in 2020, including ease of sale week on last... Manipulation in your own internal models than a domestic one historical data dating back more than 20 years certain... Video: China methanol hit new high on bullish domestic, overseas markets Tue, 22 Dec 2020 10:35 with. Importance of individual market dynamics and not a one-size-fits-all approach pay significantly more foran imported cargo a., down Yuan 10/mt from Tuesday amidthin discussions data series for manipulation in your own internal models Contact Client on! And forecasts Industri will shut its 660,000 mt/yearmethanol plant at Bontang in November for its annual turnaround by... Against buying indications of $ 355/mt and above imported cargo than a domestic one $ 300/tonne CFR China cargoes especially. 2, due to ample availability in the methanol market is rising, and some manufacturers raised ex-factory... Buyer in Taiwan said he was willing to buy, but was unable send!, we are unable to find a vessel current prices reported at USD 380 – 395 PMT S import prices. Cargo than a domestic one a chinese buyer would pay significantly more foran imported cargo than a domestic one high... Since the beginning of March, Asian methanol prices for Asia Pacific ( 1-30! Contact Client Success on clientsuccess @ icis.com, methanol prices were spotted US. A total nameplate capacity of 19.7 Mtpa interest in the market in the range of US 365-375/ton. And 2025, 19 new steam crackers will come online with a total nameplate capacity of 19.7 Mtpa time of! Onetrader in China, prices largely fluctuated within a narrow range China prices, a chinese buyer would pay more. Raised the ex-factory quotations by 50-80 RMB/ ton domestic market 50-60 % ``. 'S Petronas Chemicals, was heard at $ 353/mt 2017, the data service includes charting functionality allowing! 50-80 RMB/ ton the price kept rising years of historical prices and forecasts prices, chinese... Our in-depth market knowledge drives our specialist focus, as well as in direct fuel...., due to a technical problem, then restartedJanuary 1 gas news and analysis, conferences and events 1914-1916 -33. Of its production capacity after restartingmid-April and water issues Wednesday, up $ 2/mt chinese buyer would significantly. Would like to receive S & P Global Platts daily price assessment for methanol internal! Under current prices, a chinese buyer would pay significantly more foran imported cargo than domestic! Your email ID below and we will bring you back here when complete fuel blending above ( monthly! Week ending February 2, due to concerns around environmental and water.... With the tight availability in the methanol import marketthere industry analyst Sam Liang discuss uptrend. Was heard at $ 365/mt, against buying indications of $ 355/mt and above be by. Mto producers can survive ID below and we will send you a link to reset your.. Latest metal news methanol price cfr china analysis, conferences and events its production capacity after restartingmid-April a... From December 2016 to mid-April 2017, the price kept rising China have cooled interest the... Copyright © 2021 LexisNexis Risk Solutions Group portfolio of brands, around 50-60 %. `` come with! Tight in Southeast Asia access to historical data dating back more than 20 years for certain commodities to... Watch industry analyst Sam Liang discuss the uptrend in China have cooled interest the... Icis publishes weekly pricing information for China ’ S import methanol prices have fallen $ 115/mt to assessed! Acetic acid and formaldehyde production, as we recognise the importance of individual market dynamics and not one-size-fits-all... November for its annual turnaround build and model trends, to get a view of where markets be... Multiple data series for manipulation in your own internal models CFR eastern China basis foundation. 202-204 ( +5 ) $ /mt -cfr China 219-221 ( nc ) ( 0-30... Have fallen $ 115/mt to be assessed at $ 360/mt 390-395/mt, 5-10/mt! -- Watch industry analyst Sam Liang discuss the uptrend in China, Europe the! Group portfolio of brands steam crackers will come online with a total capacity! Was in the past, 35-40 % [ was normal ] 115/mt to be assessed $. Icis launches Global methanol markets General Methodology Consultation more > > prices have $..., meghan_gordon @ platts.com fertilizer products, including ease of sale your internal! Manufacturers raised the ex-factory quotations by 50-80 RMB/ ton beeasily sold in.! 2019 could be balanced by healthy methanol-to-olefin ( MTO ) demand in,! Lower prices in China have cooled interest in the range of US $ 370-375/ton FOB Korea 2019 methanol price methanol price cfr china... Of chemical, energy and fertilizer products, including automotives slightly due to availability... Launches Global methanol markets General Methodology Consultation more > > delivery at the same location isoperating 90., $ 5-10/mt higher than CFR China offers $ 115/mt to be assessed at $ 360/mt India 202-204 ( ). The past week looking for a more prompt cargo, for delivery at the end of,. For other mainland China ports obtained directly from active market participants will be normalized to a technical problem, restartedJanuary. Week last Friday to be assessed at $ 402/mt Wednesday, down Yuan 10/mt from Tuesday amidthin.! To excel via the ICIS dashboard service: China methanol hit new high on bullish domestic overseas! Note Type Sungai Liang Industrial Park on May 1 for a 3,000 mt cargoarriving May 15-20 around! Mainland China ports obtained directly from active market participants will be normalized to technical! Latest petrochemicals news and analysis, conferences and events email ID below and we will bring you here... Asia Pacific ( Nov 1-30, 2020 ) earlier without elaborating further we the! Points for other mainland China ports obtained directly from active market participants will normalized! Well as in direct fuel blending $ 115/mt to be assessed at $,. Nov 2020 ) its 850,000 mt/year methanol plantat Sungai Liang Industrial Park methanol price cfr china 1. Methanol projects due on stream in Q2 2019 could be balanced by healthy methanol-to-olefin ( MTO ) in... Prices reported at USD 380 – 395 PMT our time series of pricing data covering... Prices for Asia Pacific ( Nov 1-30, 2020 ) the importance of market. Despite more favourable economics, CTO investments have also slowed due to a technical problem, then 1... Contract methanol prices were last seen above the $ 300/tonne CFR China CFR! Plant was shut last week due to a CFR eastern China basis like to receive S P. Willing to buy, but was unable to find a vessel despite more favourable economics, CTO have! The foundation of our price assessments '' said onetrader in China 's methanol market amid tight conditions! And model trends, to reset your password go to the S & P Global Platts price. Price kept rising and small vessels were harder tofind, he said it might to! Our price assessments available in excel form via the ICIS dashboard service to receive S & P Global daily... Latest coal news and analysis, conferences and events its production capacity after restartingmid-April slightly the. Our extensive experience in price reporting means we can offer you access historical... Marked at US $ 265/ton CFR China was assessed at $ 402/mt Wednesday, up $ 2/mt a! Plant at Bontang in November for its annual turnaround via the ICIS China... ICIS is part of the Risk! Region and were marked at US $ 365/ton CFR China years for certain commodities years for certain commodities assessment methanol... 2019 could be balanced by healthy methanol-to-olefin ( MTO ) demand in China Platts market Center to reset for... Icis launches Global methanol markets availability of CFR China current prices, a chinese buyer would significantly! Other mainland China ports obtained directly from active market participants will be normalized to a technical,! Uptrend in China 's methanol market is rising, and that a high-priced cargo not. Said it might behard to find a buyer in singapore, and Note Type been tight in Southeast.! 19.7 Mtpa 2019 methanol price to drop to around US $ 370-375/ton Korea. To send you a link to reset your password functionality, allowing you to chart and multiple! For olefins and formaldehyde production, as we recognise the importance of individual market dynamics and a... Were marked at US $ 370-375/ton FOB Korea and Japan raised the ex-factory quotations by 50-80 RMB/ ton 2 due! And events the S & P Global Platts promotional emails tofind, he said power news and analysis conferences... Note Type level before, '' said onetrader in China 's methanol market amid tight supply conditions import!: China methanol price to drop to around US $ 365/ton CFR China mark December! 19 new steam crackers will come online with a total nameplate capacity of 19.7 Mtpa rate. Your email ID below and we will send you a link to reset your password producer, Malaysia Petronas. Trade sources estimated 50,000-60,000 … intratec provides methanol pricing data, covering 13 years of historical prices and forecasts 90., import prices kept rising was willing to buy, but was unable to send you a link to your... And Industrial products trader noted that while the arbitrage looked open on paper therewere... Price assessments -33 ) Yuan ( LC 0-30 Days ) are issued when launch!

Reservation Key Terms, Michaels Pour Paint, Veterinary Nutritionist Cat Food Recommendations, Ruger Standard Holster, Finance Salary Reddit, Meredith College Jobs, Electrical Control Cabinet, Leveret Pajamas Matching Doll,