Procurement Resource’s Post

📊 Insight into the Asian Methanol Market The Asian methanol market concluded the week slightly higher, stabilizing after a series of fluctuations. Notably, methanol prices in China saw an increase, influenced by the latest PMI data and crude oil futures transactions. 📈 As reported by the National Bureau of Statistics on October 31st, China's Manufacturing Purchasing Managers' Index for large state-owned companies rose from 49.8 in September to 50.1 in October, reflecting slight growth in the sector. However, it's important to note the growing methanol inventory in Eastern and Southern China, which increased by 6.77% over the week to 1.18 million tons as of October 30th. Platts assessed methanol CFR China at $289 per ton on November 1st, a $3 increase from the previous week. In Taiwan, demand for spot cargoes remained minimal, with buyers focusing on securing term supplies from providers. Market sources also highlighted a particularly weak downstream demand for acetic acid and slight decreases in demand for methyl methacrylate and polymethyl methacrylate. 🔍 As the market navigates these nuances, the slight increase in China's PMI and the varied regional demand patterns suggest a cautious optimism among traders. #MethanolMarket #ChemicalIndustry #MarketTrends #AsianEconomy #CommodityTrading

𝗠𝗮𝗿𝗸𝗲𝘁 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀: 𝗣𝗲𝘁𝗿𝗼𝗰𝗵𝗲𝗺𝗶𝗰𝗮𝗹𝘀 𝗶𝗻 𝗔𝘀𝗶𝗮 Stable prices were observed with varied trends. Spot prices for key Asian petrochemicals like 𝗕𝗲𝗻𝘇𝗲𝗻𝗲, 𝗧𝗼𝗹𝘂𝗲𝗻𝗲, and 𝗦𝘁𝘆𝗿𝗲𝗻𝗲 were observed with mixed trends. 𝗕𝗲𝗻𝘇𝗲𝗻𝗲 prices increased due to strong demand for 𝘀𝘁𝘆𝗿𝗲𝗻𝗲, while 𝗧𝗼𝗹𝘂𝗲𝗻𝗲 prices declined in 𝗜𝗻𝗱𝗶𝗮 because of high local supply. 𝗦𝗵𝗼𝗿𝘁-𝗧𝗲𝗿𝗺 𝗣𝗿𝗼𝗷𝗲𝗰𝘁𝗶𝗼𝗻𝘀 Benzene prices might remain stable in the third quarter due to the market demand and naphtha costs. Toluene prices could stay low in India because of high inventories. 𝗖𝘂𝗿𝗿𝗲𝗻𝘁 𝗥𝗮𝘁𝗲𝘀 - 𝗕𝗲𝗻𝘇𝗲𝗻𝗲 𝗙𝗢𝗕 𝗞𝗼𝗿𝗲𝗮: $1,040.33/mt - 𝗧𝗼𝗹𝘂𝗲𝗻𝗲 𝗙𝗢𝗕 𝗞𝗼𝗿𝗲𝗮: $879.50/mt - 𝗦𝘁𝘆𝗿𝗲𝗻𝗲 𝗖𝗙𝗥 𝗖𝗵𝗶𝗻𝗮: $1,169/mt - 𝗦𝘁𝗼𝗰𝗸 𝗟𝗲𝘃𝗲𝗹𝘀 - 𝗖𝗵𝗶𝗻𝗮: Toluene stocks decreased slightly in East China but increased in South China. - 𝗜𝗻𝗱𝗶𝗮: Toluene prices softened due to high port inventories. - 𝗠𝗮𝗿𝗸𝗲𝘁 𝗗𝘆𝗻𝗮𝗺𝗶𝗰𝘀 Rising crude oil prices benefited suppliers, but downstream profits struggled. Styrene prices rose due to tight supply expectations, while Toluene prices in India dropped due to high inventories. 𝗪𝗵𝗮𝘁 𝗧𝗵𝗶𝘀 𝗠𝗲𝗮𝗻𝘀 𝗣𝗿𝗶𝗰𝗲 𝗧𝗿𝗲𝗻𝗱𝘀: Possible price changes are expected due to supply and demand shifts. 𝗜𝗻𝘃𝗲𝗻𝘁𝗼𝗿𝘆 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁: A sourcing plan should be in place based on current stock levels and anticipated market changes. 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝘆: Better information on market trends can help make better purchasing decisions. #MTALXEnergyMarketBuzz #MarketBuzz #China #India #Market #Chemicals #Petrochemicals #InclusiveGlobalGrowth #MTALXEnergy

Jiangsu #Methanol Market #Prices See Large Rise on Low Supply Previously, market players generally considered that with the restart of methanol units in the Middle East, the #supply tightness of spot goods in Jiangsu would be eased. However, the actual situation was beyond expectation. The spot supply crunch continued and even worsened due to low transport efficiency, delayed cargo delivery, intensive restocking from #downstream users and #traders, etc., which pushed up the coastal market prices constantly. After the May Day holiday, the methanol price in Jiangsu surpassed that in Shandong again, showing a large rise. Up to May 13, the methanol price closed at RMB 2,735/mt in Jiangsu, up 3.4% from end-April. ...... #petrochemical #China #insights For more details of this article, please visit: https://lnkd.in/ekeuHSr5 Register for first-hand and reliable data, reports and insights: https://intl.sci99.com/

Sulfur Price Trends: July-August 2024 🌍 Global sulfur prices are influenced by regional supply and demand dynamics. Key insights: -Asia-Pacific (China, India): Prices around USD 125/ton in China, USD 210/ton CIF in India. 🇨🇳🇮🇳 -Europe: Prices expected between USD 99-110/ton FOB Hamburg. 🇪🇺 -Middle East & Africa: Prices stable or slightly declining. 🌍 -North America: Prices around USD 126/ton FOB. 🇺🇸 Forecast - July: Stable, slight decline due to ongoing negotiations. - August: Expected firming as demand increases. 📈 Stay updated for more market insights. #SulfurMarket #ChemicalIndustry #GlobalTrade #Fertilizer #SulfurPrices #MarketTrends #Asia #Europe #NorthAmerica #MiddleEast #SulfurSkyCo #SulfurSky #ChemicalTrading Sources: Argus Media, IMARC Group, ChemAnalyst.

It is expected that the formic acid market will continue to fluctuate weakly. #SunSirs #China #CommodityData #Index #BulkInformation #SpotPrices #Futures #MarketTransaction #FormicAcid

𝗠𝗮𝗿𝗸𝗲𝘁 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀: 𝗦𝘁𝗮𝗯𝗹𝗲 𝗣𝗿𝗶𝗰𝗲𝘀, 𝗩𝗮𝗿𝗶𝗲𝗱 𝗧𝗿𝗲𝗻𝗱𝘀 Spot prices for 𝗕𝗲𝗻𝘇𝗲𝗻𝗲, 𝗧𝗼𝗹𝘂𝗲𝗻𝗲, and 𝗦𝘁𝘆𝗿𝗲𝗻𝗲 displayed mixed trends. 𝗕𝗲𝗻𝘇𝗲𝗻𝗲 prices increased due to strong demand for 𝗦𝘁𝘆𝗿𝗲𝗻𝗲, while 𝗧𝗼𝗹𝘂𝗲𝗻𝗲 prices declined in 𝗜𝗻𝗱𝗶𝗮 because of high local supply. 𝗦𝗵𝗼𝗿𝘁-𝗧𝗲𝗿𝗺 𝗣𝗿𝗼𝗷𝗲𝗰𝘁𝗶𝗼𝗻𝘀 Benzene prices might remain stable in the third quarter due to the market demand and naphtha costs. Toluene prices could stay low in India because of high inventories. 𝗖𝘂𝗿𝗿𝗲𝗻𝘁 𝗥𝗮𝘁𝗲𝘀 - 𝗕𝗲𝗻𝘇𝗲𝗻𝗲 𝗙𝗢𝗕 𝗞𝗼𝗿𝗲𝗮: $1,040.33/mt - 𝗧𝗼𝗹𝘂𝗲𝗻𝗲 𝗙𝗢𝗕 𝗞𝗼𝗿𝗲𝗮: $879.50/mt - 𝗦𝘁𝘆𝗿𝗲𝗻𝗲 𝗖𝗙𝗥 𝗖𝗵𝗶𝗻𝗮: $1,169/mt 𝗦𝘁𝗼𝗰𝗸 𝗟𝗲𝘃𝗲𝗹𝘀 - 𝗖𝗵𝗶𝗻𝗮: Toluene stocks decreased slightly in East China but increased in South China. - 𝗜𝗻𝗱𝗶𝗮: Toluene prices softened due to high port inventories. 𝗠𝗮𝗿𝗸𝗲𝘁 𝗗𝘆𝗻𝗮𝗺𝗶𝗰𝘀 Rising crude oil prices benefited suppliers, but downstream profits struggled. Styrene prices rose due to tight supply expectations, while Toluene prices in India dropped due to high inventories. 𝗪𝗵𝗮𝘁 𝗧𝗵𝗶𝘀 𝗠𝗲𝗮𝗻𝘀 - 𝗣𝗿𝗶𝗰𝗲 𝗧𝗿𝗲𝗻𝗱𝘀: Possible price changes are expected due to supply and demand shifts. - 𝗜𝗻𝘃𝗲𝗻𝘁𝗼𝗿𝘆 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁: A sourcing plan should be based on current stock levels and anticipated market changes. - 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝘆: Better information on market trends can help make better purchasing decisions. #InclusiveGlobalGrowth #Petrochemicals #LifeAtMTALXEnergy #Chemicals #MarketHighlights #MTALXEnergy

#TDI: Strengthened Support from Supply Sides Picks China TDI Market Up PUdaily | Updated: October 16, 2024 China’s TDI market has recently picked up, with prices rebounding from lows. As of October 15, TDI prices in China were as follows: those of Shanghai-made sources stood CNY 13,200-13,300/tonne; those of other Chinese brands sources stood CNY 13,000-13,100/tonne, increased by CNY 400-600/tonne compared with the range of CNY 12,600-12,900/tonne which before China’s National Day holiday. What are the drivers behind this rebound?   Increasing Raw Material Costs and Unstable TDI Facility Operations Toluene is one of main raw materials of TDI. The toluene market price is correlative to global crude oil as well as the supply-demand balance of toluene.   #Crude #Oil ...... https://lnkd.in/gHvYbKig

#China #Coastal #Methanol Market #Prices Fluctuated Downwards on Quick Inventory Buildup In the middle of October, the coastal methanol market returned to the dominance of weak fundamentals, with the prices dropping persistently. Up to October 18, the spot price in the Jiangsu market closed at RMB 2,432.5/mt, down RMB 185/mt or 7.07% from October 8. The major drag was the #oversupply caused by the large rise in the port inventory after the National Day holiday. China’s methanol industrial #operating_rate has been maintained at a relatively high level of 70%-75% since August, staging an uptrend in the methanol output. However, most downstream products faced continuous inventory buildup due to increasing output, end #demand dull, and export reductions, leading to sustained cuts in feedstock purchasing. In the inland methanol market, cheap resources increased in the wake of intensified #supply-#demand imbalance. After the holiday, the coastal methanol market prices fluctuated at a relatively medium-to-high level of RMB 2,500-2,600/mt, opening the arbitrage window between inland and coastal markets, and the delivered price of inland resources to Jiangsu were as low as RMB 2,330-2,400/mt. Therefore, important downstream plants at ports chose to purchase cheap inland resources but sell high-priced imports in a bid to further optimize feedstock cost. Consequently, the spot demand from traders and downstream users declined, and the delivery at the public storage tank farms at ports decelerated persistently, followed by price drops in the coastal market. ...... #petrochemical #insights For more details on this article, please visit: https://lnkd.in/gSHe-ZzF Register for first-hand and reliable data, reports and insights: https://intl.sci99.com/

🚢 𝐌𝐞𝐭𝐡𝐚𝐧𝐨𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐁𝐮𝐳𝐳: Prices Steady Amid Supply Challenges 🚢 𝑇ℎ𝑒 𝑚𝑒𝑡ℎ𝑎𝑛𝑜𝑙 𝑚𝑎𝑟𝑘𝑒𝑡 𝑖𝑠 𝑏𝑢𝑧𝑧𝑖𝑛𝑔 𝑤𝑖𝑡ℎ 𝑎𝑐𝑡𝑖𝑣𝑖𝑡𝑦! 𝐻𝑒𝑟𝑒’𝑠 𝑡ℎ𝑒 𝑙𝑎𝑡𝑒𝑠𝑡 𝑢𝑝𝑑𝑎𝑡𝑒: 📌 𝐒𝐭𝐚𝐛𝐥𝐞 𝐈𝐦𝐩𝐨𝐫𝐭 𝐏𝐫𝐢𝐜𝐞𝐬: Imported spot methanol cargoes in China remained steady at $305/mt today despite low trading volume. 📌 𝐒𝐮𝐩𝐩𝐥𝐲 𝐓𝐢𝐠𝐡𝐭𝐧𝐞𝐬𝐬: Limited methanol supply to China in May is keeping prices for domestic and imported spot cargoes firm. 📌 𝐏𝐫𝐞𝐦𝐢𝐮𝐦𝐬 𝐨𝐧 𝐂𝐨𝐧𝐭𝐫𝐚𝐜𝐭𝐬: May deliveries are trading at a Yuan 29-32 USD/mt premium over September futures, while June deliveries are at a Yuan 9.14-10.32 USD/mt premium. 📌 𝐈𝐧𝐯𝐞𝐧𝐭𝐨𝐫𝐲 𝐃𝐞𝐜𝐥𝐢𝐧𝐞: Methanol inventory along China's east and southern coasts dropped by 13% to 558,700 mt, intensifying the supply shortage. 📌 𝐒𝐞𝐥𝐥𝐞𝐫 𝐀𝐝𝐣𝐮𝐬𝐭𝐦𝐞𝐧𝐭𝐬: One seller withdrew a June offer at $305/mt, while another offered mid-July arrivals at $310/mt. 📌 𝐅𝐢𝐫𝐦𝐢𝐧𝐠 𝐈𝐧𝐝𝐢𝐚 𝐏𝐫𝐢𝐜𝐞𝐬: Prices in India are strengthening, closing the gap with the rest of Asia. Ex-tank prices are now between Rupee 26.75-27/kg. 📌 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧 𝐇𝐚𝐥𝐭𝐬: Production at two major methanol plants has stopped due to technical issues, affecting supply. #MarketInsights #InclusiveGlobalGrowth #MTALXEnergy #Methanol #MTALXDaily