03 October 2011 06:32 [Source: ICIS news]
By Heng Hui
Active spot buying may only resume in time for the expected launch of methanol futures contracts on the Zhengzhou Commodity Exchange in
Average methanol prices for the week ended 30 September slipped 1.56% to $410/tonne (€303/tonne) CFR (cost and freight)
By late October, however, some market players have expressed optimism that the planned launch of methanol futures contract at the Zhengzhou Commodities Exchange will translate to increased activity in the physical market and buoy up prices.
Other market players doubt the launch of methanol futures could have a lasting positive effect on spot prices, in the absence of strong demand.
($1 = €0.75)
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