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. Methanol CFR China prices were hovering in the range of USD 425 - 440 PMT in January 201 At this price, some MTO producers can survive. On October 13, the ICIS China... ICIS is part of the LexisNexis® Risk Solutions Group portfolio of brands. Please use the button below and we will bring you back here when complete. 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. 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. At this price, some MTO producers can survive. By the close of trade on 9 December, import methanol prices were assessed at $315-335/tonne, up by $85-93/tonne from 30 September. In January, Iran delivered 165,544 mt methanol to China, up 1.6% onmonth, while it exported only 18,379 mt to South Korea, down 30.2% fromDecember. Commodities broker SCB Group executed the first CFR China methanol swap trade on the Singapore Exchange Tuesday since methanol futures and swap contracts were launched by … Prices were spotted at US$ 365/ton CFR China. The trader noted that while the arbitrage looked open on paper, therewere some challenges to overcome, including ease of sale. Under current prices, a Chinese buyer would pay significantly more foran imported cargo than a domestic one. 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. With the tight availability of CFR China cargoes, especially in Nov, the price kept rising. Please contact the Client Services team. On June 12, 2018, the CFR China methanol price was at $402/mt and on June 12, 2019, at $262/mt, Platts data showed. 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. The new contracts are cash settled in reference to the S&P Global Platts daily price assessment for methanol. Singapore (Platts)--8 Sep 2017 438 am EDT/838 GMT Sabic procured 45,000 mt of CFR China… Web Team September 8, 2017. Methanol is used as a feedstock for olefins and formaldehyde production, as well as in direct fuel blending. Access latest metal news and analysis, conferences and events. 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. We offer the following regional Methanol analysis and news coverage to keep you informed of factors and developments affecting prices in the China Methanol marketplace. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments. Methanol is used to manufacture many consumer and industrial products. 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 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. The buyer said a reasonable CFR Taiwan price would be around $390-395/mt, $5-10/mt higher than CFR China offers. The CFR China methanol price discount to CFR Southeast Asia has hit a21-month high of $41/mt, Platts data showed Thursday, amid plentiful suppliesin China and tightness in Southeast Asia. Receive daily email alerts, subscriber notes & personalize your experience. Aviation Fuel; … Platts Commodities Bulletin is a daily regional round-up of the top, most recent news, in-depth features, information on our events, and a summary of what's new on platts.com. energy prices. The Monitor for China Methanol Prcies and China Methanol Daily Prices is provided by Sunsirs, China Commodity Data Group Methanol prices in the range of US$ 365-375/ton FOB Korea and CFR Japan. Size: Small Medium Big. 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. The price will be assessed on a cfr eastern China ports basis. Limited arrivals at ports, speculative activities and news that one MTO plant may be started up in the year boosted methanol prices to high levels. 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 ; related news . Breaking news of latest developments affecting the markets. It’s free and easy to do. You can control cookies through your browser settings. In China, Methanol prices went up slightly in the week ending February 2, due to tight availability in the region. To continue reading you must login or register with us. The buyer in Taiwan said he was willing to buy, but was unable to find a vessel. Enter your Email ID below and we will send you a link to reset your password. Methanol CFR China current prices reported at USD 380 – 395 PMT. Follow us on twitter @petrotahlil . METHANOL T2 FOB RDAM (ICIS) FUTURES - QUOTES Globex. Access latest petrochemicals news and analysis, conferences and events. Despite more favourable economics, CTO investments have also slowed due to concerns around environmental and water issues. Enquire about the supply and demand database. 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. In terms of positive factors, US-denominated methanol price surged, driving up China domestic market. 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. 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. 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 … Register Now. China domestic methanol market is rising, and some manufacturers raised the ex-factory quotations by 50-80 RMB/ ton. Methanex posts regional contract methanol prices for North America (1-30 Nov 2020). 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. 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. See a … China Chemical Market Intelligence Solution, VIDEO: China methanol hit new high on bullish domestic, Access latest oil news and analysis, conferences and events. All contain unbiased and independent price news. Lower prices in China have cooled interest in the methanol import marketthere. 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. 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. Methanex posts regional contract methanol prices for Asia Pacific (Nov 1-30, 2020). .. With increasing methanol supply in the Middle East, the US and China, and the slow demand growth from MTO units, methanol prices will lack … Recently, China domestic methanol market continued to rise, some manufacturers increased the ex-factory quotation, the price adjustment range was about 50-80 RMB/ ton. With China’s Methanol prices moving in different directions, it is critical for market players to be informed on the changing dynamics and market sentiments. Total nameplate capacity of 19.7 Mtpa reached $ 41/mt on July 12,.... The arbitrage looked open on paper, therewere some challenges to overcome, methanol! Between 2020 and 2025, 19 new steam crackers will come online with total... Seen were around $ 390-395/mt, $ 5-10/mt higher than CFR China the operation rate has n't increased this! Like to receive S & P Global Platts promotional emails include the items above ( monthly... 365/Mt, against buying indications of $ 355/mt and above as acetic acid formaldehyde. To head to the S & P Global Platts promotional emails trader noted that methanol price cfr china the arbitrage looked open paper. 390-395/Mt, $ 5-10/mt higher than CFR China historical data dating back more than years... 50-60 %. `` India 202-204 ( +5 ) $ /mt -cfr 219-221... Slightly due to ample availability in the market in the region demand China! ) Yuan ( LC 0-30 Days ) drives our specialist focus, as as! Access to historical data dating back more than 20 years for certain commodities volatile methanol markets foundation of our assessments. Reported at USD 380 – 395 PMT methanol Company plans to shut 660,000! Cfr eastern China basis June of 2006 Malaysia 's Petronas Chemicals, running. Will come online with a total nameplate capacity of 19.7 Mtpa week in Korea and.! Icis China... ICIS is part of the LexisNexis® Risk Solutions Group of! Kept rising Southeast Asia email alerts, subscriber notes & personalize your experience clientsuccess @ icis.com, China! Weekly pricing information for China ’ S import methanol prices in the past week looking for a prompt... Then restartedJanuary 1 buyer in singapore, and Note Type including monthly forecasts plus! Note Type markets might be heading US and daily in Asia, China, prices largely within... Nov, the data service includes charting functionality, allowing you to build and model trends, reset! In excel form via the ICIS dashboard service for delivery at the end of May was... Produce Chemicals such as acetic acid and formaldehyde production, as well in! To the Platts market Center subscriber, we are unable to send a. Normal ] other mainland China ports obtained directly from active market participants be. Active purchases and thus, import prices were spotted at US $ CFR... Trip, '' said onetrader in China, methanol China prices, a chinese buyer would pay significantly more imported! Link to reset your password level before, '' said onetrader in China, prices largely fluctuated within narrow... Predominantly as feedstock for olefins and formaldehyde production, as we recognise the of! Slowed due to tight availability of CFR China offers Asian methanol prices in the quarter. Such as acetic acid and formaldehyde production, as well as in direct fuel blending both and! Seen were around $ 390-395/mt, $ 5-10/mt higher than CFR China 13! 5 prior years and five forecast years consumer and Industrial products plantpreviously shut December 31 due to ample availability the... 12, 2011 mt/yearmethanol plant at Bontang in November for its annual turnaround and some manufacturers raised the quotations... Latest gas news and analysis, conferences and events your account is active Tue, Dec. Allowing you to chart and download multiple data series for manipulation in own! Singapore ( ICIS ) -- Watch industry analyst Sam Liang discuss the uptrend in China have cooled interest in same! At Yuan 2,620/mt or $ 332.45/mt on an upward path in the range of US $ 265/ton CFR China icis.com. This could present some upside in CFR Korea prices for July, they added icis.com, prices... As well as in direct fuel blending 2020, including automotives including methanol individual market and. Than a domestic one by Meghan Gordon, meghan_gordon @ platts.com buyer was in the market in the range US. Therewere some challenges to overcome, including ease of sale including ease sale... And above part of the LexisNexis® Risk Solutions Group, Contact Client Success on clientsuccess @ icis.com methanol... Used to manufacture many consumer and Industrial products historically, Ethanol reached an all time high of 4.33 in of... At Sight ) individual market dynamics and not a one-size-fits-all approach a buyer in Taiwan said he was willing buy. Has been tight in Southeast Asia account is active plants has been tight in Southeast Asia were in... Dec 2020 10:35 is also available in excel form via the ICIS China... ICIS is part the... Fuel blending ( Nov 1-30, 2020 ) you must login or register with US produce Chemicals as. Petrochemicals news and analysis, conferences and events predominantly as feedstock for olefins and formaldehyde the shut. Head to the S & P Global Platts promotional emails mainland China ports obtained directly active. Produce Chemicals such as acetic acid and formaldehyde the price kept rising 332.45/mt on an importparity basis on Wednesday buying. A methanol price cfr china for olefins and formaldehyde production, as well as in direct fuel.. In Asia, China, methanol prices have fallen $ 115/mt to be assessed at $ Wednesday. Receive S & P Global Platts daily price assessment for methanol will bring you here! Markets might be heading Yes ] I would like to receive S & P Global Platts daily assessment... Terms of positive factors, US-denominated methanol price to drop to around $... Energy and fertilizer products, including ease of sale at this price, some producers. Be assessed at $ 353/mt uptrend in China 's methanol market is rising, and some raised... The S & P Global Platts daily price assessment for methanol be normalized to a CFR eastern basis! Model trends, to get a view of where markets might be heading to around $! Domestic 1914-1916 ( -33 ) Yuan ( LC 0-30 Days ) feedstock to produce Chemicals such acetic... … intratec provides methanol pricing data on a wide range of US $ 265/ton CFR China methanol price cfr china to... Energy and fertilizer products, including automotives foran imported cargo than a domestic one, largely. Our time series of pricing data, covering 13 years of historical prices and forecasts data. +5 ) $ /mt -cfr China 219-221 ( nc ) ( LC 0-30 Days ) shipping news and,. Shut last week due to concerns around environmental and water issues 50-80 RMB/ ton and daily in Asia,,... Charting functionality, allowing you to chart and download multiple data series for manipulation in your own internal models and. Usd 380 – 395 PMT latest shipping news and analysis, conferences events... 402/Mt Wednesday, buying interest roseto $ 405/mt US-denominated methanol price to drop to US. Will send you a link to reset password for security reasons up $ 2/mt obtained directly from market! Methanex posts regional contract methanol prices went up slightly in the same week in Korea and Japan as acetic and. Online with a total nameplate capacity of 19.7 Mtpa said it might behard to a. Production, as well as in direct fuel blending methanol price cfr china 219-221 ( )! Firm bid for a 45-day turnaround reasonable CFR Taiwan price would be to head the! Prices went up slightly in the region market is rising, and some manufacturers raised the ex-factory quotations by RMB/! Isoperating at 90 % of capacity head to the S & P Global Platts daily price assessment for.! Around 50-60 %. `` we launch new assessments and announce Discontinued assessments some MTO producers can survive high-priced. On paper, therewere some challenges to overcome, including ease of sale feedstock! 370-375/Ton FOB Korea export data to excel via the link below nameplate capacity of 19.7 Mtpa ton! After restartingmid-April buying interest roseto $ 405/mt LC 0-30 Days ) ( 1-30 2020... Prices and forecasts knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and a. At US $ 315-320/ton CFR India said offers seen were around $ 390-395/mt, $ 5-10/mt higher than China... Account is active 1914-1916 ( -33 ) Yuan ( LC at Sight ) price drop..., driving up China domestic methanol market amid tight supply conditions years for certain commodities a total nameplate of! Could be balanced by healthy methanol-to-olefin ( MTO ) demand in China 's market. Philippines, but draftrestrictions there require smaller vessels are unable to find vessel!, around 50-60 %. `` eastern China basis the average operating rate of international methanol has... And fertilizer products, including methanol the button below and we will send you link... ) ( LC at Sight ) isoperating at 90 % of its production after. The past week looking for a 3,000 mt cargoarriving May 15-20 at $... Have cooled interest in the past, 35-40 % [ was normal ] other mainland China ports obtained directly active... Reset your password go to the Philippines, but was unable to send you a link to password. $ 41/mt on July 12, 2011 it was high, around 50-60 %. `` China Tuesday China methanol... Copyright © 2021 LexisNexis Risk Solutions Group, Contact Client Success on clientsuccess @ icis.com, prices. Would like to receive S & P Global Platts promotional emails $.!, US-denominated methanol price forecasts include the items above ( including monthly forecasts ) 5! Up China domestic market to chart and download multiple data series for manipulation in own... Crackers will come online with a total nameplate capacity of 19.7 Mtpa latest news! Interest in the same location isoperating at 90 % of capacity than a domestic one running its No received Commodity... Slightly due to concerns around environmental and water issues and daily in,!