- May ZCE settles Yuan 8-10/mt higher- Discussions muted, Iranian sellers absent on Nowruz holiday



Due to the absence of many Iranian methanol
suppliers, Asian methanol prices remained largely unchanged in China and
Southeast Asia on March 22. Spot
cargoes discussions are expected to resume within a week, sources say. Ex-tank Mumbai offered were stable at Rupees 27.50-27.5/kg. "Kandla is still at Rupees 26.50-27.75/kg levels,"
said a market participant. However, the market participants were conservative
and CFR trading remained thin. The
price of buying interest was generally around $290/mt CFR India. However,
there were no offers within the Market on Close evaluation process March
22. According to market participants,
there was a large gap between buy and sell ideas, with both sides showing
resistance. A cargo from Iran was scheduled for India around March 25-30. It
arrived in...