Methanol Weekly Report 14 July 2018

Weekly Price Trend: 09-07-2018 to 13-07-2018

The above graph focuses on the Methanol price trend for the current week. Prices have followed volatile trend for this week. By the end of the week prices were assessed around Rs 34.5/Kg for Kandla and Rs 34/kg Mumbai ports.

Booking Scenario

INDIA&INTERNATIONAL

• This week domestic market prices of Methanol have followed volatile trend and by the end of the week prices were evaluated at Rs 34.5/kg for Kandla and Rs 34/kg for Mumbai ports.     
• CFR India prices were assessed in the range of USD 382/MTS. Prices have remained firm  in compares to previous week.
• CFR China prices were evaluated at USD 384/MT. Prices have plunged by USD 11/MT.
• This week International methanol prices have remained firm as market players have adopted wait and watch stances on uncertain market move.
• Russian Methanol producer Shchekinazot is planning to start new Methanol unit by September 2018. The plant has a capacity of 500,000 mt of methanol and 135,000 mt of ammonia a year, the company said on its website in May. One methanol trader said that he expects that the plant will reach full production at the start of October. Previously the company said that it would target both domestic and export markets. The company owns and operates another 450,000 mt/year methanol plant at the same site, which was launched in 2011.
• China based Jiangsu Sailboat Petrochemical is planning to shut down its Methanol-to-Olefins unit for maintenance on 20th July 2018. Jiangsu Sailboat Petrochemical is also known as Jaingsu Shenghong. China based unit has the manufacturing production capacity of Ethylene around 3,15,000 mt/year and Propylene around 4,00,000 mt/year.
• Canada based Methanex has posted its North American and Asian contract prices for the month of June 2018. Prices posted for the region of North America are USD 496/MT. Prices remained unchanged for this month. On other side prices for the Asian Pacific region also remained unchanged at USD 490/MT. These prices are valued till 31st July 2018.

 $1 = Rs. 68.52
 Import Custom Ex. Rate USD/ INR: 69.70
 Export Custom Ex. Rate USD/ INR: 68.00