- Discussions in China about thin fixed prices- India's bullish domestic
sentiment





Market sources say that Chinese methanol
prices were closing the day slightly lower than coal prices. Discussions
about spot cargoes were held on a fixed-price basis. However, discussions on March cargoes on a
formula basis were held at a 1.8%-2.2% premium according to sources. The
official PMI data for China will be released in March. According
to forecasts, the data will show a continued increase in factory activity
to 50.5-50.7 in February, compared to 50.1 for January. According
to various forecasts, the data will show an expectedb> /b>continued
expansion of factory activity to around 50.5-50.7 in February fromb>
/b>50.1 in January. After the Market on Close assessment process on
February 27, market sources indicated that tradable levels had risen to
Rupees 28,/kg . This was indicative of tighter...