China’s methanol market suffers setbacks since the beginning of 2017. Spot price in East China has nosedived from 3,075yuan/mt Jan 3 to 2,385yuan/mt May 23, down 690yuan/mt or 28.9%; and recorded intra-year low at 2,255yuan/mt May 22. The steepest declin
China’s methanol market slid fast in the first week of May in both interior and coastal regions. Afterwards, however, it seems that the market falls into correction and halts downtrend in the week beginning May 8.
Methanol market pulled back this week. In early week, methanol futures on Zhengzhou Commodity Exchange and spot market in coastal regions declined, tracking the downturn in overall commodity futures.
