Methanol is used predominantly as feedstock for olefins and formaldehyde … The CFR Southeast Asia methanol marker was assessed unchanged on the day at $173/mt CFR, amid thin discussions. Access latest gas news and analysis, conferences and events. * Convert to $/MT using a conversion rate of 332.6 Gal per MT. To identify major news, deals and expansion plans in Global Methanol market. Our patented, non-regulated, formaldehyde-free H2S scavengers are unlike any other scavengers on the market today. CFR China was assessed at $362/mt on Wednesday, flat from Tuesday amidthin discussions. It’s in everyday products Manufactured without formaldehyde, ammonia, or methanol – these products are safe to handle, low-odour, effective in multi-phase systems, and produce no hazardous byproducts. Methanol prices were not changed at Rs.40 per ltr in Mumbai market whereas CFR price was changed Rs.1 up to Rs.243 per Ton. 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. if the 5th attempt fails, the account will be locked for 30 minutes, Please use only English characters (A-Z, a-z), You already have an account, Please log in or reset password. Methanol is used predominantly as feedstock for olefins and formaldehyde … The CFR Korea methanol marker was assessed stable on the week at $182/mt on June 12, amid thin trading. Enter your Email ID below and we will send you a link to reset your password. Access latest shipping news and analysis, conferences and events. CNY1/metric ton. Romanian Transgaz changes terms of gas interconnection agreement with Ukraine. South Korea imported 152,652 mt of methanol in April, 8.3% less compared to March, South Korean customs data showed. It runs from November 2017 to November 2020. The buyer said offers seen were around $415-420/mt. ... real-time market data feeds. Lower prices in China have cooled interest in the methanol import marketthere. Access latest metal news and analysis, conferences and events. Ethanol increased 0.08 USD/GAL or 6.05% since the beginning of 2021, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. PRINT. Chinese yuan (CNY)/metric ton. registration number : 447883, Copyright © 2018 Receive daily email alerts, subscriber notes & personalize your experience. Minimum Price Fluctuation. European methanol contract prices for the first quarter of 2019 have mirrored declining global values, pressured by dwindling Chinese demand from the Methanol to Olefins (MTO) sector, and the start-up of new production capacity in the US and Iran. U.S. Gulf Coast prices fell 4 cents methanol / gallon to 93-97 cents / gallon (310-323 U.S. dollars / ton). Big events on China methanol industry in 2020: ... Methanol market remains strong, but price rise may slow down: Other reports MORE>> Methanol market daily (Jan 5, 2021) 05 Jan: Methanol market daily (Jan 4, 2021) 04 Jan: Methanol market weekly (Dec 28-31, 2020) Methanol market daily (Dec 30, 2020) Methanol market daily (Dec 29, 2020) Methanol prices were spotted at US$ 360-365/ton 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. China Methanol manufacturers - Select 2021 high quality Methanol products in best price from certified Chinese Alcohol manufacturers, China Glycol suppliers, wholesalers and factory on Made-in-China.com What Makes CFR Products Different? The risk of having a vessel stuck at the port for 10-20 days to discharge was still there, and traders without tank storage space will find themselves under intense selling pressure, market sources said. Additionally, two Iranian methanol plants, with a combined capacity of 3.3 million mt/year, had started up this year and are expected to commence regular shipments to China from June, while a Middle Eastern producer continues to send around 150,000 mt/month to China, trade sources said. The 1.7 million mt/year plant was shut last week due to "a trip,"a source said earlier without elaborating further. Whereas, in Europe and North America, the blending of fuel is limited up to a few percentages in gasoline. Posted December 24, 2020. A discussion of supply and demand fundamentals is also included. Trading Unit. Price fluctuation period shortened from 3-4 weeks to 2-3 weeks, affected by product properties and transactions. The Methanol Report December 13, 2015 Price Assessments In This Issue December spot barges traded as low as 63.50 cts/gal FOB Houston late last week Regional truck offers slip 2 cts/gal on average earlier this month Large volume spot prices in Europe drop below Euro 224/mt FOB Rotterdam Spot prices CFR China Eni bolsters oil price defences after ‘year of war’ Jan 04 2021 Saudi Arabia warns oil producers over fragile market Jan 04 2021; Iran ramps up uranium enrichment and seizes tanker Jan 04 2021; Iraq boosts coffers by $2bn in Chinese prepaid oil deal Jan 03 2021; Default warning as US energy sector’s financial woes persist Jan 03 2021; Oil/renewables: power play Jan 01 2021 There are 2,122 methanol price suppliers, mainly located in Asia. But European spot prices should remain stable in … This is a change of 0.00% from last month and -23.73% from one year ago. The top supplying country or region is China, which supply 100% of methanol price respectively. Methanex posts regional contract methanol prices for Asia Pacific (1-30 June 2020). Experience up to 45% margin offsets versus other cleared, correlated contracts and only post margin on the residual risk as the contract month progresses. Methanol. Lower prices in China have cooled interest in the methanol import marketthere. He said it might behard to find a buyer in Singapore, and that a high-priced cargo might not beeasily sold in Thailand. Exclusions: No market data was excluded from the June 12 Singapore methanol Market on Close assessment process. China-Europe freight train number via Xinjiang port hits new high: Dec 31 2020 4:04PM : China's manufacturing PMI hits 51.9 in December: Dec 31 2020 4:03PM : Latest on the novel coronavirus outbreak (Dec 31, 2020) Dec 31 2020 3:59PM Mid-level or high-level fuel blends of alcohol could enable manufacturers for designing high-efficiency engines, to compensate for the low energy density of methanol. Subscriber Notes inform you of upcoming changes related to the markets that we report on, as well as requests for comment on new assessments, and announcements that assessments will be discontinued. "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 buyer said a reasonable CFR Taiwan price would be around $390-395/mt, $5-10/mt higher than CFR China offers. A wide variety of methanol price options are available to you, such as industrial grade, agriculture grade, and food grade. Fastmarkets’ weekly assessment will exclude prices for Iran-origin billet due to such cargoes carrying steep discounts in comparison with blast furnace-based billet supplied by other countries such as Vietnam, India and Russia. Size: Small Medium Big. Methanol：CFR China Price Spread Expands. Access latest agriculture news and analysis, conferences and events. Lastyear, it was high, around 50-60%.". GAIL India to invest Rs 8,800 crore in Maharashtra for Polypropylene complex. All Right Reserved, Iranian Petrotahlil Company (Limited liability). 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. Intraday futures prices are delayed 10 minutes, per exchange rules, and are listed in CST. Commodities broker SCB Group executed the first CFR China methanol swap trade on the Singapore Exchange Tuesday since methanol futures and swap contracts … 10 metric tons/lot. Petchem demand to drive China’s LPG imports. Shandong (JLC), June 27, 2018–China methanol market prices were volatile in H1, 2018. Published on January 06, 2021 09:30 AM The proposal is in line with China’s evolving steel market, where billet imports are expected to be a trend as a result of the country’s drive toward cutting blast furnace […] Meanwhile, supply has been tight in Southeast Asia. "In the past, 35-40% [was normal]. An email confirming your password has been sent. Methanol Price. China on June 12, after taking into consideration softer domestic prices and a trade for a non-sanctioned cargo arriving at the end of July, which was concluded on June 12 at $155/mt CFR China. FUJAIRAH DATA: Oil product stocks drop to 4-week low after 2020 rollercoaster. In January, Iran delivered 165,544 mt methanol to China, up 1.6% onmonth, while it exported only 18,379 mt to South Korea, down 30.2% fromDecember. 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. Subscriber Notes can be received by Commodity Region, and Note Type. Methanol fuel is used in China as various blends, ranging from M5 to M100. Vessel delays in China could see upside in CFR Korea. Then on Wednesday, buying interest roseto $405/mt. The company's 660,000 mt/year No. As such, buyers in Taiwan have reduced their contractual term volumes as much as they can, they added. Methanol prices were stable in the same week in Korea and Japan. CFR SEA was assessed at $402/mt Wednesday, up $2/mt. The plantpreviously shut December 31 due to a technical problem, then restartedJanuary 1. This could present some upside in CFR Korea prices for July, they added. First Azeri gas reaches Greece and Bulgaria via TAP. Under current prices, a Chinese buyer would pay significantly more foran imported cargo than a domestic one. CIF/CFR Freight Importing on CIF shipping terms can be complicated. Traders said that the typical industry premium for CFR Korea comparedwith CFR China was $5/mt before the sanctions came into effect and this wasbecause of differences in freight and market size. Another option would be to head to the Philippines, but draftrestrictions there require smaller vessels. [Yes] I would like to receive S&P Global Platts promotional emails. Price Quotation. Le retour accéléré de l'Iran sur le marché mondial du pétrole. The Monitor for China Methanol Prcies and China Methanol Daily Prices is provided by Sunsirs, China Commodity Data Group China's first batch of 2021 fuel export quotas up 5.4% on yr. Russia, Iran and the US to lead globally in terms of methanol capacity additions by 2030. The MMSA data is also available in excel form via the link below. Relevant information. Methanol plants in China have ramped up operating rates to an average60-70% so far this year, compared with about 50% in 2012, traders said, as afall in coal prices -- the more commonly used feedstock in China versusnatural gas in the US and Europe -- has led to improved profit margins. Shares of SGX were down S$0.06 or 0.7 per cent at S$8.99 as at 3.44pm on Monday, after the announcement. Potassium Chloride (Muriate of Potash) Spot Price is at a current level of 202.50, unchanged from 202.50 last month and down from 265.50 one year ago. Discussions for Taiwan were thin this week. The buyer in Taiwan said he was willing to buy, but was unable to find a vessel. 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. Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher. Ineos completes buyout of BP petrochemical businesses. The new contracts are cash settled in reference to the S&P Global Platts daily price assessment for methanol. 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. Named the SGX Platts Methanol CFR China Swap and the SGX Platts Methanol CFR China Futures, they will both be listed with 12 consecutive contract months, starting from Feb 24, 2020. International traders are seeking more transparency and better tools for price discovery and risk management to hedge methanol prices and exposure, said William Prajogo, SGX petrochemical product manager. Relevant information. Methanol：CFR China Price Spread Expands. China’s apparent demand for methanol grew by nearly 17 per cent on the year to 69.3 million tonnes last year, on the back of sharp growth in the petrochemical and downstream manufacturing sectors, the bourse operator added. CZCE Methanol Prices The All Futures page lists all open contracts for the commodity you've selected. Polymers Reference Prices, January 6 2021. If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password. In Taiwan, weak MTBE, acetic acid and butanediol demand compelled buyers to cut their methanol requirements by 30%-40% a month, trade sources said. The Taiwan methanol marker was assessed $1/mt lower on the week at $174/mt,tracking the CFR China methanol assessment which also fell $1/mt on the week. What Makes CFR Products Different? Domestic prices was heard at Yuan 2,620/mt or $332.45/mt on an importparity basis on Wednesday, down Yuan 10/mt from Tuesday. In India, Methanol prices went down slightly due to ample availability in the region and were marked at US$ 315-320/ton CFR India. CFR SEA was assessed at $402/mt Wednesday, up $2/mt. Methanex's (MEOH) Unit Adds Eight Methanol Dual-Fuel Vessels. Methanol prices in the range of US$ 365-375/ton FOB Korea and CFR Japan. The MMSA data is also available in excel form via the link below. The buyer in Taiwan said he was willing to buy, but was unable to find a vessel. Brunei Methanol Company plans to shut its 850,000 mt/year methanol plantat Sungai Liang Industrial Park on May 1 for a 45-day turnaround. Meanwhile, South Korean domestic methanol prices remained supported by stable MTBE, formaldehyde and biodiesel demand, trade sources said. Based on the market condition, Methanol prices were assessed at US$ 370-375/ton CFR … 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. Methanex posts regional contract methanol prices for North America (1-30 June 2020). This could present some upside in CFR Korea prices for July, they added. Copper Gasket It is reported that quote in the 250 U.S. dollars / tonne (CFR China) at the top. 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. OPEC Members Daily Pricing + Futures & Indexes, Dec 31, 2020. 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. The trader noted that while the arbitrage looked open on paper, therewere some challenges to overcome, including ease of sale. 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. Asia. CFR China Methanol Prices Eye Expanding High-End and Low-End Price Spread; Weekly Summary:China’s Coastal Methanol Prices Fell from Highs (Sep 4 – Sep 10) Insight into Price Surge in Coastal Methanol Market; Weekly Summary:China’s Coastal Methanol Prices Rose Greatly (Aug 28 – Sep 3) China Methanol Price Unveiled Uptrend METHANOL T2 FOB RDAM (ICIS) FUTURES - QUOTES Globex. Methanex's (MEOH) new eight 49,999 deadweight ton vessels will be built in Hyundai Mipo Dockyard, South Korea. By submitting this form you acknowledge that you have read and you agree to our, You must select at least one interest to continue,
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