Asian Methanol: China holds the market, India up $5.25-6.20/mt
on day- Fundamentals
of the market in Asia- Health
biodiesel, formaldehyde need in South Korea- Increase
in India's trading activityAccording to market sources,
December-arrival cargoes were sold at $313/mt CFR China and $303/mt for January
arrival Nov. 17. Dec-arrival
cargoes sold at $313/mt CFR China, and $303/mt Jan. 17 (both unchanged from the
previous week's session). However, domestic prices rose on Nov. 18, due to US
sanctions against some Chinese companies. Spot cargoes had a thin market, but
floating offers were made at an 1.8%-2.5% premium over the formula price. Bids
were received at a 1.5% premium. CFR China was $304-319/mt Nov. 18. Trading activity was low in South Korea in the week
ending Nov. 18 while December fundamentals were in balance. 18.b> /b>Trading activity in South Korea was...