triple0roulette| Jiangsu Taicang methanol market: stable basis, active transactions, East China methanol market dynamics: Price fluctuations, demand support

News summary

East China methanol market transactions are activetriple0roulette, prices in Taicang, Jiangsu Province are stable and rising, goods in Changzhou are tight, and prices in Nantong and Ningbo are stable, indicating that market supply and demand are balanced.

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East China Methanol Market News: May 27

In Taicang, Jiangsu, methanol trading showed a strong basis and trading was in good condition. This morning, spot methanoltriple0rouletteThe transaction price of the goods is between 2,750 and 2,765 yuan/ton, and the basis range is roughly between +135 and +145 yuan/ton, mainly based on a small number of high-end contracts; for goods delivered next month, the basis is between +105 and +110 yuan/ton; for the delivery deadlines in June and July, the basis is negotiated at +40~+45 yuan/ton and +30~+35 yuan/ton respectively.

The amount of circulating methanol in Changzhou is small. Today, the price for domestic methanol out of the tank is 2830 yuan/ton; the price for methanol sent from the mainland to Changzhou is about 2,720 - 2,730 yuan/ton; the price of methanol in Jingjiang area is set at 2775 yuan/ton, with a basis of +160 yuan/ton; Zhangjiagang market supply is tight and there is no quotation yet, but the reference evaluation price is about 2830 yuan/ton out of the tank. The quotations from mainstream methanol merchants in Nantong remained near the closing price last Friday, which is about 2850 yuan/ton for cash exchange, and the supply of goods in the region is limited. The prices of major first-hand methanol merchants in Ningbo are stable at 2,820 - 2,830 yuan/ton for outbound cash exchange, and transactions are active.