Methanol Prices, markets & analysis
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.
Use ICIS information to:
- Understand price drivers and fluctuations
- Develop internal analytical models
- Negotiate deals with confidence
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 Q1 2015
China’s methanol market underwent narrow fluctuations in January 2015. Prices in east China followed the trend of methanol futures amid high inventories at ports. Ex-tank prices in the region were assessed at CNY1,860-2,040/tonne at the end of January, up by CNY20/tonne at the low end and down by CNY20/tonne at the high month on month. Prices in north and northwest China fell because of a sharp increase in supply, weak demand from the local downstream formaldehyde and DME industries, as well as limited buying from major consuming regions.
Then demand from the downstream formaldehyde industry entered into a low season in mid-February, as affected by the Lunar New Year holiday (18-24 February). However, slow reduction in port inventories, increased crude oil and methanol futures prices, expectations about the start-up at some newly built methanol-to-olefins (MTO) plants in the second quarter, unstable operation at major methanol plants in southeast Asia as well as production halt at some domestic plants in the middle of the month boosted the domestic methanol market. On 13 March, east China ex-tank prices touched at CNY2,420-2,550/tonne.
However, from the second half of March, price trends turned down following the decrease in crude oil and methanol futures prices. On 24 March, east China ex-tank prices were settled at CNY2,350-2,470/tonne.
Import methanol prices decreased in early January as ample overseas supply and lower domestic methanol prices dented buying interest in imports. From the middle of the month, import prices rallied on stronger buying interest following the rebound in domestic prices. Domestic buyers made active enquiries for March arrivals in view of increased methanol prices in China. Meanwhile, the production halt at major methanol plants in southeast Asia since mid-February due to natural gas supply curtailments bolstered trading sentiment. Cargo-holders held back on sales and raised their offers. At the middle of March, import methanol prices were assessed at $300-328/tonne CFR CMP, up by $70-88/tonne from the end of January. But then, following the downtrend in domestic market, CFR prices dropped to $285-305/tonne on 20 March.
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.