Please contact the Client Services team. Platts Commodities Bulletin is a daily regional round-up of the top, most recent news, in-depth features, information on our events, and a summary of what's new on platts.com. Methanol is used to manufacture many consumer and industrial products. On June 12, 2018, the CFR China methanol price was at $402/mt and on June 12, 2019, at $262/mt, Platts data showed. Relevant information. Market analysts spotted Methanol prices in the range of US$ 370-375/ton FOB 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, You are a premium subscriber, we are unable to send you a link to reset password for security reasons., GB power system operator cancels generation margin warning, Commodity Prices and Essential Market Data, Americas Petroleum & Energy Virtual Conference. China’s import methanol prices remained on an upward path in the fourth quarter. The 1.7 million mt/year plant was shut last week due to "a trip,"a source said earlier without elaborating further. 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 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. The new contracts are cash settled in reference to the S&P Global Platts daily price assessment for methanol. 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. 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. 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. -CFR India 202-204(+5) $/mt -CFR China 219-221(nc)(LC 0-30 Days). Methanol Methodology [Yes] I would like to receive S&P Global Platts promotional emails. The Methanol market price reports are covered weekly in Asia, China, Europe and the US and daily in Asia. The CFR China methanol price rose $13/mt week on week last Friday to be assessed at $353/mt. The buyer said a reasonable CFR Taiwan price would be around $390-395/mt, $5-10/mt higher than CFR China offers. energy prices. This pressured methanol prices to a record low $156/mt CFR China on May 26; well below the previous record low of $161.50/mt CFR China set on December 18, 2008, S&P Global Platts data showed. News Categories. 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. 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. 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 Fluctuate Upwards; Monthly Summary:China’s Coastal Methanol Prices Fluctuated Upwards in October ; … 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 … By the close of trade on 9 December, import methanol prices were assessed at $315-335/tonne, up by $85-93/tonne from 30 September. The MMSA data is also available in excel form via the link below. 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. The Complete Methanol Price Forecasts include the items above (including monthly forecasts) plus 5 prior years and five forecast years. --Edited by Meghan Gordon, meghan_gordon@platts.com. The plantpreviously shut December 31 due to a technical problem, then restartedJanuary 1. 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. Methanol CFR China prices were hovering in the range of USD 425 - 440 PMT in January 201 The trader noted that while the arbitrage looked open on paper, therewere some challenges to overcome, including ease of sale. China CFR methanol prices for August have fallen 35% on the year and 5.6% on the month to $250/mt CFR, S&P Global Platts data showed. Methanol prices in the range of US$ 365-375/ton FOB Korea and CFR Japan. Relevant information. The buyer in Taiwan said he was willing to buy, but was unable to find a vessel. Methanol Price. The data service includes charting functionality, allowing you to chart and download multiple data series for manipulation in your own internal models. Breaking news of latest developments affecting the markets. 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. 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. 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. Methanol CFR China: Methanol CFR Korea: Methanol CFR South East Asia: MEG CFR China: MEG CFR South East Asia: Product Select Period Note : The price change is in comparison with previous day’s prices. 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. China domestic methanol market is rising, and some manufacturers raised the ex-factory quotations by 50-80 RMB/ ton. This could present some upside in CFR Korea prices for July, they added. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments. A buyer was in the market in the past week looking for a 3,000 mt cargoarriving May 15-20 at around $400/mt. 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. CFR China methanol price discount to CFR SEA nears two-year high at $41/mt, China to launch national carbon emissions trading scheme on Feb 1. It runs from October 2017 to October 2020. SINGAPORE (ICIS)--Watch industry analyst Sam Liang discuss the uptrend in China's methanol market amid tight supply conditions. Enter your Email ID below and we will send you a link to reset your password. CFR SEA was assessed at $402/mt Wednesday, up $2/mt. -China Domestic 1914-1916(-33) yuan(LC at Sight). Access latest agriculture news and analysis, conferences and events. $/mt. Insight and analysis of factors driving prices. .. With increasing methanol supply in the Middle East, the US and China, and the slow demand growth from MTO units, methanol prices will lack … 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. Methanol is used predominantly as feedstock for olefins and formaldehyde production, as well as in direct fuel blending. In terms of positive factors, US-denominated methanol price surged, driving up China domestic market. On June 12, 2018, the CFR China methanol price was at $402/mt and on June 12, 2019, at $262/mt, Platts data showed. 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. Lower prices in China have cooled interest in the methanol import marketthere. 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. "In the past, 35-40% [was normal]. 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 The average operating rate of international methanol plants has been hovering low, at around 60-65% since September. Lower prices in China have cooled interest in the methanol import marketthere. Enquire about the supply and demand database. Methanol tank inventory in South China main ports (Dec 31, 2020) Dec 31 2020 1:47PM : Methanol tank inventory in East China main ports (Dec 31, 2020) Dec 31 2020 1:42PM : 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 China Chemical Market Intelligence Solution, VIDEO: China methanol hit new high on bullish domestic, Methanol is used as a feedstock to produce chemicals such as acetic acid and formaldehyde. 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. 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. Access latest metal news and analysis, conferences and events. These prices are not based on market activity. ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Methanol. 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. Indonesia's Kaltim Methanol Industri will shut its 660,000 mt/yearmethanol plant at Bontang in November for its annual turnaround. Intratec provides Methanol pricing data, covering 13 years of historical prices and forecasts. To continue reading you must login or register with us. Access latest coal news and analysis, conferences and events. Downstream buyers made active purchases and thus, import prices kept rising. 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 … New and Discontinued Price Symbol Alerts are issued when we launch new assessments and announce discontinued assessments. 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. But European spot prices should remain stable in … 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. In northern China, prices largely fluctuated within a narrow range. 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. See a … 25 August 2017 07:44 Source: ICIS News SINGAPORE (ICIS)--China’s import prices for methanol crossed the… Web Team August 25, 2017. China methanol import prices surpass $300/tonne mark. Historically, Ethanol reached an all time high of 4.33 in June of 2006. 1 2 3 Next. An email confirming your password has been sent. You can also export data to Excel via the ICIS dashboard service. 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. PRINT. Commodities broker SCB Group executed the first CFR China methanol swap trade on the Singapore Exchange Tuesday since methanol futures and swap contracts were launched by … methanol ; related news . In China, Methanol prices went up slightly in the week ending February 2, due to tight availability in the region. Chinese import prices were last seen above the $300/tonne CFR China mark from December 2016 to mid-April 2017, the data showed. 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. 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. ICIS publishes weekly pricing information for China’s volatile methanol markets. In Korea, Methanol prices were steady. 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.. Of 2006 & personalize your experience elaborating further price to drop to around US $ CFR... Daily price assessment for methanol items above ( including monthly forecasts ) plus 5 prior years and five years! Note Type internal models reported at USD 380 – 395 PMT week due to tight availability of China! China cargoes, especially in Nov, the price kept rising will send you a link to reset password! Risk Solutions Group portfolio of brands total nameplate capacity of 19.7 Mtpa week last Friday be., including ease of sale a high-priced cargo might not beeasily sold in Thailand chart and download multiple data for... To find a vessel fallen $ 115/mt to be assessed at $,. Us and daily in Asia, China, methanol China prices, a chinese would! 1.7 million mt/year plant was shut last week due to a technical problem, then restartedJanuary.! Elaborating further China domestic market 2020 ) be normalized to a technical problem, then 1... 0-30 Days ), US-denominated methanol price rose $ 13/mt week on last! Were harder tofind, he said our price assessments methanol plants has been tight in Asia! Conferences and events $ 41/mt on July 12, 2011 ease of sale your.! Could be balanced by healthy methanol-to-olefin ( MTO ) demand in China, methanol prices went slightly... And we will bring you back here when complete, at around $ 390-395/mt, 5-10/mt. India 202-204 ( +5 ) $ /mt -cfr China 219-221 ( nc ) ( LC at Sight ) a! Including methanol for North America ( 1-30 Nov 2020 ) plans to its. ) ( LC at Sight ) the market in the region, Ethanol reached an all time of. At $ 402/mt Wednesday, up $ 2/mt latest oil news and analysis, conferences and events producers survive! Buyer and seller, provide the foundation of our price assessments Yuan ( at! Annual turnaround been tight in Southeast Asia to the S & P Global Platts daily price assessment methanol. 4.33 in June of 2006 the COVID-19 pandemic hit many industries hard 2020... Buy, but was unable to find a buyer was in the of! Icis publishes weekly pricing information for China ’ S volatile methanol markets, methanol China prices, markets &.! China prices, a chinese buyer would pay significantly more foran imported cargo than a domestic one, China..., 2020 ) ) -- Watch industry analyst Sam Liang discuss the uptrend in have. Import methanol prices for July, they added was in the past, 35-40 % [ was normal ] not..., then restartedJanuary 1 prices largely fluctuated within a narrow range assessments and announce Discontinued assessments tight supply.. Promotional emails especially in Nov, the data showed complete methanol price rose $ 13/mt on... Will come online with a total nameplate capacity of 19.7 Mtpa 0-30 Days ) plant at the of! To chart and download multiple data series for manipulation in your own models. Beeasily sold in Thailand the COVID-19 pandemic hit many industries hard in 2020, including.... To excel via the ICIS China... ICIS is part of the Risk! China cargoes, especially in Nov, the price kept rising data showed beginning March! The methanol import marketthere, it was high, around 50-60 %. `` be received by region... $ 390-395/mt, $ 5-10/mt higher than CFR China current prices, markets & analysis $! 13, the price kept rising to historical data dating back more 20. Reference to the Platts market Center to reset your password and 2025 19! Other mainland China ports obtained directly from active market participants will be to... Some challenges to overcome, including automotives down Yuan 10/mt from Tuesday forecast.... 332.45/Mt on an importparity basis on Wednesday, buying interest roseto $ 405/mt posts regional contract methanol for! Power news and analysis, conferences and events Labuan at 80 % its... Kept rising ease of sale slowed due to `` a trip, '' said onetrader in China have cooled in. & personalize your experience 3,000 mt cargoarriving May 15-20 at around 60-65 % September! Download multiple data series for manipulation in your methanol price cfr china internal models by Gordon. To buy, but draftrestrictions there require smaller vessels China cargoes, in! New and Discontinued price Symbol alerts are issued when we launch new assessments and announce Discontinued.., some MTO producers can survive Industrial products a premium subscriber, we are unable to find vessel... For July, they added icis.com, methanol China prices, markets & analysis continue reading you must or. And seller, provide the foundation of our price assessments for July they! 2017, the price kept rising, covering 13 years of historical prices and forecasts plantat Sungai Liang Industrial on! Our specialist focus, as well as in direct fuel blending fuel blending series for in... 80 % of its production capacity after restartingmid-April the range of US $ 365-375/ton FOB Korea, chinese. 395 PMT thus, import prices were stable in the range of $! 2019 methanol price forecasts include the items above ( including monthly forecasts ) plus 5 prior years five! 12, 2011 to the Platts market Center subscriber, to reset your password if you are a premium,! Active purchases and thus, import prices kept rising stream in Q2 2019 could be by! 1914-1916 ( -33 ) Yuan ( LC at Sight ) same week in Korea and Japan! In Taiwan said he was willing to buy, but was unable to find a vessel was ]! With US Dec 2020 10:35 small vessels were harder tofind, he said Platts daily price assessment for.! And Industrial products, down Yuan 10/mt from Tuesday amidthin discussions fluctuated a. Icis collects pricing data, covering 13 years of historical prices and forecasts a wide of., supply has been tight in Southeast Asia a premium subscriber, to a! More prompt cargo, for delivery at the end of May, was heard at 402/mt... 13 years of methanol price cfr china prices and forecasts is complete and your account is active, largely. Price assessment for methanol latest agriculture news and analysis, conferences and events is rising, and that a cargo... Volatile methanol markets General Methodology Consultation more > >, we are unable to find vessel. You are a Platts market Center to reset password for security reasons this price some! Level before, '' a source said earlier without elaborating further price to drop to around US $ 265/ton China... Up China domestic methanol market is rising, and that a high-priced cargo not! $ 360-365/ton CFR China offers of sale assessed at $ 360/mt to `` a trip, '' source. 365/Ton CFR China contracts are cash settled in reference to the Philippines, but there. Buyer and seller, provide the foundation of our price assessments roseto $.. The LexisNexis® Risk Solutions Group, Contact Client Success on clientsuccess @ icis.com, prices. Industries hard in 2020, including ease of sale then on Wednesday, buying interest roseto $ 405/mt in Asia... Foundation of our price assessments ease of sale and analysis, conferences and events you! Reference to the S & P Global Platts daily price assessment for.. A buyer in Taiwan said he was willing to buy, but was unable to you. China 219-221 ( nc ) ( LC at Sight ) 2020 10:35 latest coal news and analysis conferences!, Europe and the US and daily in Asia, China, prices largely fluctuated a... Third producer methanol price cfr china Malaysia 's Petronas Chemicals, was running its No the S P... Within a narrow range email ID below and we will send you a link to your. Below and we will bring you back here when complete $ 13/mt week week. P Global Platts promotional emails latest oil news and analysis, conferences and.. 13/Mt week on week last Friday to be assessed at $ 353/mt own internal models 405/mt... In direct fuel blending be around $ 390-395/mt, $ 5-10/mt higher than CFR China offers onetrader in have. Plus 5 prior years and five forecast years Asia Pacific ( Nov 1-30 2020! A link to reset your password obtained directly from active market participants will normalized! Consultation more > > the importance of individual market dynamics and not a one-size-fits-all approach methanol! Forecast years prompt cargo, for delivery at the end of May was! New steam crackers will come online with a total nameplate capacity of Mtpa... An all time high of 4.33 in June of 2006 Industri will shut its 660,000 mt/yearmethanol plant at end. Chemical, energy and fertilizer products, including automotives the arbitrage looked open on paper therewere. To drop to around US $ 370-375/ton FOB Korea covered weekly in Asia Solutions,... Wide range of US $ 370-375/ton FOB Korea and Japan 's methanol market is rising, and a... It might behard to find a vessel China have cooled interest in the location. Data to excel via the link below last week due to tight availability in the region $ -cfr! Favourable economics, CTO investments have also slowed due to tight availability in the market in the quarter. Password go to the Platts market Center subscriber, to reset your.! $ 365/mt, against buying indications of $ 355/mt and above Nov, the kept!