There has been heavy decline in Methanol values in China market. On back of melting down of stock market in China, petrochemical values have lowered significantly over this meltdown. Most of the commodity Exchanges halted their production on back of heavy crash down. Yesterday Methanol values were assessed around USD 300/MTS.
Domestic methanol values lowered to its 4 month low range. Prices were assessed around 2200 Yuan, lowered by 150 Yuan in last two days.
China’s Zhengzhou Commodity Exchange (ZCE) halted methanol futures trading on Wednesday after severe decline in values.
