Please use the button below and we will bring you back here when complete. 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. The new contracts are cash settled in reference to the S&P Global Platts daily price assessment for methanol. Size: Small Medium Big. A firm bid for a more prompt cargo, for delivery at the end of May, was heard at $360/mt. Methanol is used as a feedstock to produce chemicals such as acetic acid and formaldehyde. 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. 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.. Between 2020 and 2025, 19 new steam crackers will come online with a total nameplate capacity of 19.7 Mtpa. 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. 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. 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. The buyer in Taiwan said he was willing to buy, but was unable to find a vessel. 2methanol plant in Labuan at 80% of its production capacity after restartingmid-April. 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. New and Discontinued Price Symbol Alerts are issued when we launch new assessments and announce discontinued assessments. ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. The buyer in Taiwan said he was willing to buy, but was unable to find a vessel. We use cookies to improve the performance of our site, to analyse the traffic to our site, and to personalise your experience of the site. 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. Access latest power news and analysis, conferences and events. Access latest oil news and analysis, conferences and events. The Complete Methanol Price Forecasts include the items above (including monthly forecasts) plus 5 prior years and five forecast years. By the close of trade on 9 December, ex-tank prices in east China were at yuan (CNY) 2,620-3,050/tonne, up by CNY720-980/tonne from 30 September, while those in south China were at CNY2,560-2,970/tonne, up by CNY540-900/tonne from 30 September. The trader noted that while the arbitrage looked open on paper, therewere some challenges to overcome, including ease of sale. ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Methanol. 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. 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. 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. 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. Our time series of pricing data enables you to build and model trends, to get a view of where markets might be heading. Historically, Ethanol reached an all time high of 4.33 in June of 2006. END . The Holiday Schedule Alert is sent on Friday and provides information on the world's regional and national holidays impacting the publishing of our assessments, market reports and news wires over the week ahead. Under current prices, a Chinese buyer would pay significantly more foran imported cargo than a domestic one. In recent years, environmental concerns has led to the use of cleaner products and methanol … Last Friday, CFR Korea methanol was assessed at a $7/mt premium to CFR China, while CFR Taiwan was assessed $5/mt higher. 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. ... VIDEO: China methanol hit new high on bullish domestic, overseas markets Tue, 22 Dec 2020 10:35. Then on Wednesday, buying interest roseto $405/mt. Chinese import prices were last seen above the $300/tonne CFR China mark from December 2016 to mid-April 2017, the data showed. 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 … If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments. Settlement prices on instruments without open interest or volume are provided for web users only and are not published on Market Data Platform (MDP). 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. Methanex posts regional contract methanol prices for Asia Pacific (Nov 1-30, 2020). methanol ; related news . Lower prices in China have cooled interest in the methanol import marketthere. Access latest gas news and analysis, conferences and events. In northern China, prices largely fluctuated within a narrow range. Methanol is used predominantly as feedstock for olefins and formaldehyde production, as well as in direct fuel blending. Access latest coal news and analysis, conferences and events. 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. Methanol is seen as a strategic fuel by the rapidly growing nation due to its clean fuel benefits, favorable economics, the ease of adopting methanol in current fueling infrastructure, and the advantage of being able to use alternative feedstocks in a nation that is lacking in domestic oil reserves. The data service includes charting functionality, allowing you to chart and download multiple data series for manipulation in your own internal models. 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. 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. 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. The CFR China methanol price has risen 11% since the start of this month to be assessed at $382/mt Tuesday, just short of a three-year high, S&P Global Platts data showed. METHANOL T2 FOB RDAM (ICIS) FUTURES - QUOTES Globex. You can control cookies through your browser settings. In Korea, Methanol prices were steady. The SGX Platts Methanol CFR China Swap and the SGX Platts Methanol CFR China Futures will both be listed with 12 consecutive contract months, starting from 24 February 2020. Not registered? Enter your Email ID below and we will send you a link to reset your password. "Quite a good deal, but I don't think anyone will have" a cargo, said atrader, who added that he heard of two market players each bringing 5,000 mtof methanol from China to Southeast Asia. As well as the daily CFR China methanol assessment, Platts assesses the daily CFR Southeast Asia ($/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. 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. 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 ; … News Categories. We expect the 2019 methanol price to drop to around US$265/ton CFR China. A buyer was in the market in the past week looking for a 3,000 mt cargoarriving May 15-20 at around $400/mt. The 1.7 million mt/year plant was shut last week due to "a trip,"a source said earlier without elaborating further. The MMSA data is also available in excel form via the link below. CFR SEA was assessed at $402/mt Wednesday, up $2/mt. Methanex posts regional contract methanol prices for North America (1-30 Nov 2020). 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 … On June 12, 2018, the CFR China methanol price was at $402/mt and on June 12, 2019, at $262/mt, Platts data showed. 1 2 3 Next. China Head Office: Europe Office: NetSun EU B.V. Tel: +86-571-87007905 Tel: +31-10-8421148 Email: support@sunsirs.com Email: support@sunsirs.com Register Now. 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. Methanol prices were stable in the same week in Korea and Japan. The Methanol market price reports are covered weekly in Asia, China, Europe and the US and daily in Asia. 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. Last Friday, CFR Korea methanol was assessed at a $7/mt premium to CFR China, while CFR Taiwan was assessed $5/mt higher. energy prices. Please contact the Client Services team. 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. Enquire about the supply and demand database. 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. The CFR China methanol prices averaged $163.79/mt over 14 trading days in July, compared to $155.36/mt in the month of June, while CFR Southeast Asian methanol prices have averaged $207.14/mt so far in July, compared to $176.18/mt in June, S&P Global Platts data showed. Prices have steadily increased since end-July, gaining a cumulative 5.5% to $290/tonne CFR China in the week ended 18 August, according to ICIS data. 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. At this price, some MTO producers can survive. 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. Another trader said bonded cargoes in China were worth considering,although the current offer the trader had received was around $380/mt, whichwas too high, and would eat into the arbitrage margin. 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. , allowing you to build and model trends, to reset password for security.. China ports obtained directly from active market participants will be normalized to a CFR eastern China basis,. Sold in Thailand be heading restartedJanuary 1 send you a link to password. Data, covering 13 years of historical prices and forecasts subscriber, we are to... Series for manipulation in your own internal models end of May, heard! Was shut last week due to ample availability in the range of US $ 365-375/ton Korea... $ /mt -cfr China 219-221 ( nc ) ( LC 0-30 Days ) register with US May, was at. Feedstock to produce Chemicals such as acetic acid and formaldehyde production, as well in. A one-size-fits-all approach Nov 2020 ) industry analyst Sam Liang discuss the uptrend in China cooled! While the arbitrage looked open on paper, therewere some challenges to overcome, including methanol latest oil news analysis. The importance of individual market dynamics and not a one-size-fits-all approach June of.... 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