- ZCE Futures Down Yuan 63-80/mt- Iran's Sabalan hopes that the 1.65 million mt/year
plant will be reopened in October



Sources claim that Asian methanol prices
were stable despite thin trades on September 20. Sources said that import
demand was weakening as the Yuan strengthened against the US dollar. In line with rising crude oil prices, domestic Chinese
prices rose. According to a source, port
inventories could reach 1 million mt by the end of September to early October
as more shipments are expected to arrive at China’s major ports. The Zhengzhou Commodity Exchange settled Yuan 63-80/mt at
Yuan 2686-3000/mt ex tank for January 2023 delivery cargoes. According to Sabalan Petrochemical Company's marketing
agent, on September 20th, Iranian methanol producer Sabalan Petrochemical Company
expects to restart its 1.65million mt/year plant. After technical difficulties with its natural...