ICIS publishes pricing information which you can use in settlements and contracts in order to optimise your deals and negotiations within the China Methanol market.
Use the independent Chinese pricing assessments and market coverage in our price reports to track the regional China Methanol market.
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- Develop internal analytical models
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Methanol China Transcript
ICIS has 20 years experience in reporting on the methanol markets and we have produced methanol China weekly reports since 2008.
ICIS talks to buyers, sellers and traders to obtain our detailed information. We also take a comprehensive look at the upstream and downstream factors that can influence pricing. Turnarounds or outages that could have an impact on the market are also covered.
We quote our spot import rates to China on a cost and freight (CFR) basis and also provide Chinese domestic price assessments for major regions. The price movements are closely watched by the industry and widely used as key benchmarks for contract negotiations.
It is an important report for our subscribers and it is a very popular and trusted source of information.
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Updated to Q2 2016
Methanol prices in east China edged upwards in April. Trade was stagnant in early April. From the middle of the month, higher crude oil prices and methanol futures pushed up ex-tank prices in east China, but buyers were still hesitant to purchase.
By the close of business on 29 April, methanol prices in east China were at yuan (CNY) 1,920-2,020/tonne ex-tank, up by CNY40-55/tonne month on month. And then, prices fluctuated within a narrow range in May and June amid stagnant trade. By the close of business on 29 June, methanol prices in east China were at CNY1,885-1,960/tonne ex-tank.In the northern parts of China, prices rose on higher purchases from newly built methanol-to-olefins (MTO) plants. By 29 April, the methanol market in Inner Mongolia closed at CNY1,720-1,780/tonne, and that in Shaanxi closed at CNY1,770-1,780/tonne, up by CNY80-110/tonne month on month.
But from May, methanol prices in the northern parts of China fell dramatically due to reduced purchases following the shutdown at two major methanol to olefins (MTO) plants in Ningxia. By 29 May, the methanol market in Inner Mongolia closed at CNY1,600-1,620/tonne and the market in Shaanxi closed at CNY1,610-1,620/tonne.
China’s import methanol prices rose slightly in April. In the first half of the month, muted domestic trade dampened import negotiations. Prices were largely capped at $220-230/tonne CFR CMP. Increased prices of futures and forward paper market bolstered buying interest in imports, while sellers became less inclined to move cargoes.
Offers were lifted to $235-240/tonne. However, some buyers were still hesitant to purchase, considering concentrated arrivals in May. By the week ended 29 April, import methanol prices were assessed at $225-235/tonne CFR CMP, up by $5-6/tonne from 1 April. Import methanol prices underwent fluctuations in May and June, ranging between $220-235/tonne CFR CMP. The buy-sell gap was wide.
Few discussions of deep-sea cargoes from America were heard. Selling ideas were generally at no lower than $235/tonne CFR CMP, while buying ideas were largely at $220-225/tonne CFR CMP, amid price fluctuations in China’s coastal regions, market players’ cautious attitude towards the second-quarter price outlook and the Chinese yuan depreciation.
ICIS has 20 years experience in reporting on the methanol markets. We have produced methanol China weekly reports since 2008.
ICIS talks to buyers, traders and producers to obtain detailed information. We take a comprehensive look at the upstream and downstream factors that can influence pricing. Turnarounds or outages that could impact the market are also covered.
We quote our spot import rates to China on a cost & freight (CFR) basis and provide Chinese domestic price assessments for major regions. The price movements are closely watched by the industry and widely used as key benchmarks for contract negotiations.
It is an important report for our subscribers and a popular and trusted source of information.
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Methanol. Our extensive experience in price reporting means we can offer you access to historical data dating back more than 20 years for certain commodities.
Our time series of pricing data enables you to build and model trends, to get a view of where markets might be heading. The data service includes charting functionality, allowing you to chart and download multiple data series for manipulation in your own internal models. You can also export data to Excel via the ICIS dashboard service.
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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. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
Over 25 years of reporting on key chemicals markets, including Methanol, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.