Asian
Methanol: Prices close to lower due to thin trading- Chinese
coast inventory up 8.3% in one week. Near-term outlook bearish- Fundamentals in South Korea remain stable
despite strike by truckersAsian methanol prices ended the week lower due to
weak downstream demand from China, abundant supply in Southeast Asia and
limited trading in South Korea, Taiwan, and South Korea. The near -term
outlook in China was mixed. In the days ahead, the planned suspension of
the methanol -to -olefins plants, Jiangsu Sailboat
Petrochemical, led to bearishness on the Chinese methanol markets. Domestic
prices in east China traded Yuan 140/mt higher week-on-week at Yuan 2,620 -2,650/mt
tank Dec. 2. There were mixed views on the supply. According to
Longzhong Information Services, the east China coast inventory was 586,400mt
Nov. 30, an 8.3% increase over the previous week. According to market...