Futures open higher, and in Taicang, Jiangsu, the methanol market’s basis was weaker than before the holiday. In the morning, the Taicang spot negotiations ranged from 2225 to 2255 yuan/ton, with a basis of -20 to -25 yuan/ton; second-month basis negotiations were between 05 and -20 to -27 yuan/ton; third-month negotiations ranged from flat to +5 yuan/ton. (Longzhong Information)
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Jiangsu Market Methanol Prices Are Rising
Futures open higher, and in Taicang, Jiangsu, the methanol market’s basis was weaker than before the holiday. In the morning, the Taicang spot negotiations ranged from 2225 to 2255 yuan/ton, with a basis of -20 to -25 yuan/ton; second-month basis negotiations were between 05 and -20 to -27 yuan/ton; third-month negotiations ranged from flat to +5 yuan/ton. (Longzhong Information)