- An increase in China's selling interest- India has a large supply





Selling interest gathered pace in the
Chinese methanol market on Aug. 17 as methanol futures declined Yuan 80-90/mt on
the day. September-arrival cargoes were initially offered at $315-350/mt CFR
China but were heard offered at $310-$313/mt after the Market on Close assessment process ended. It was unclear if any deals had been
concluded on Aug. 17. The active-traded January methanol futures contract at
ZhengzhouCommodity Exchange closed Yuan 89-120/mt lower than the previous
session at Yuan 2,412-3,000/mt on Aug. 17. In an Aug. 17note. 17note. According to
market sources, four-to-five cargoes were expected to arrive within the next
few weeks. The market will remain well-supplied. Ex-tank
Kandla bids were heard at Rupee24.50-24.75/kg, with some sources indicating
Rupee 24.00/kg toward the end of the Market on...